The Dax is under pressure as it awaits the ECB’s latest decision, and the Dow is also moving lower. Meanwhile, the Hang Seng continues to fall back from its recent high.
Daily Technicals
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.
Outlook on FTSE 100, Nikkei 225 and Nasdaq 100 ahead of UK budget and Powell testimony, US ADP labour data.
While the German and US indices have dropped back from previous highs, the Hang Seng is falling sharply.
Outlook on FTSE 100, Nikkei 225 and S&P 500 ahead of Powell testimony and US labour data.
PCE data was upstaged by Hawkish sentiment from the BoJ this last week but looking ahead, we get monetary policy updates from the ECB and BoC, with the week culminating in US non-farm payrolls
Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of Eurozone inflation data release.