Friday, November 4, 2016

Financial markets - Stabilizing opening with small losses expected for European markets .. - DAX 30

Market comment ..

Good morning Europe .. stabilizing opening with small losses expected for European markets, investors can count consecutive falls, following the decision of the FED and the BOE to keep rates unchanged, with their attention now turns to the US elections .. stabilizing close the Dow Jones Industrial Average, yesterday evening, with small losses of 0.16% at 17.930. Downward picture displayed by the Asian markets, the Nikkei to make new losses of 1.34% at 16 905 m Gold recorded small gains of 0.28% to $ 1,302.17 the Brent oil continued to decline to $ 46.35. . while the EUR / USD rate recorded marginal gains of 0.05% at 1.1099 the Traders keep a cautious stance, avoiding the risk of their portfolios ..

DAX 30

                        

The DAX futures of ... shortly before the opening of markets driven by falling 0.37% to 10.291 m .. below the pivot point of 10 495 m .. the support being located in 10.268 m .. and below the Kumo cloud ichimoku .. confirming the short-term bearish trend ..



DAX futures



The German index for the third consecutive day of losses ceded most moving below the support of 10 435 m having break downward the local base of 10.345 meters to support longer detected in 10 280.  m .

But it should however be noted ... that is very possible ... the German index despite the short-term downward trend ... to attempt a technical reaction mainly speech input pointer fast stochastic ... in ultra Sold price band ... and the cleavage of the supporting of the ... in any case, the indicator MACD ... maintains the output .. movable below the average price zone .. while the 9 EMA downward cut EMA  21 to 10 595, confirming the short-term downward trend .. 



Technical Analysis view Gold



Technical Analysis view Brent Oil



Technical Analysis view EUR/USD




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