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The DAX continues to weaken after failing to hold above its 200 EMA, pressured by geopolitical tension following Trump's Tehran evacuation tweet and rising Middle East volatility. Risk appetite faded in APAC, while Wall Street ended green on oil weakness. Gold, bonds, and crypto saw haven flows, but caution prevails as traders await central bank signals, trade updates, and further developments in the Israel–Iran conflict.
The DAX is holding key support at the 200 EMA after rebounding from recent lows, showing signs of a short-term recovery. Despite Middle East conflict and rare metal shortages, equities remain firm as traders focus on Fed and BoJ decisions. Oil remains volatile, gold rallies to $3,440/oz, and platinum hits 3-year highs. Crypto holds strong as Ethereum derivatives overtake Bitcoin volumes.
DAX breaks higher to 23,860, fueled by US-China tariff cuts and strong risk sentiment. With the RSI at 78.86 and Stochastic RSI overbought, the rally may face short-term exhaustion near the 24,000 resistance. Still, price remains above all EMAs, confirming bullish momentum. Gold dips, oil steadies, and global markets cheer trade progress. As long as 23,450 holds, bulls control the trend. Watch for consolidation before next leg higher.
Markets find relief as Trump’s 104% China tariffs take effect, fueling global recession fears. DAX rebounds to 19,919 but struggles near key resistance. Global equities uncertain, bond yields rise, and safe-haven currencies surge. All eyes now on FOMC minutes, oil data, and big bank earnings for direction in this escalating trade war.
Trump’s global tariffs shock markets, triggering a steep selloff and igniting fears of a new trade war. A universal 10% import tariff and targeted reciprocal duties are set to take effect in early April. Equities plunged worldwide, with U.S. tech stocks leading losses. Germany and the EU brace for retaliation, while gold holds steady and the dollar weakens.
France’s political turmoil creates economic and market uncertainty, with President Macron’s response critical to addressing budgetary challenges. The CAC 40 tests 7,364.2 resistance, with a breakout signaling further upside to 7,620.8, while rejection could lead to a pullback to 7,276.3 or lower.
EUR/USD has taken quite the drubbing over the past four week. And given the plethora of support levels it used as a springboard to buck the trend on Thursday, I suspect at least a retest of its 200-day SMA could be on the cards.
Betting against the market has proved to be very costly this year, with all sorts of dips being bought fairly quickly. But is this another such scenario or is it different this time around – especially with US presidential election now just three weeks away?
EUR/USD is hugging its cycle lows and gold sits at a technical juncture ahead of today's highly anticipated inflation report.
Yes, I may have just given the USD the kiss of death with that headline. Besides, the dollar has already rallied for four days into the release, so it may take a strong report overall to avoid a profit-taking pullback.
Gold, silver and copper were dragged lower with appetite for risk on Tuesday, although it may be the latter two which show the greater potential for bears going forward.
If ISM manufacturing deteriorates further, it could helped EUR/USD reclaim the 1.11, handle, even if the weekly timeframe looks like it can still move lower beyond any such bounce.
Nvidia’s earnings report on Thursday has the potential to drive sentiment for the Nasdaq 100, particularly if it misses estimates for the first quarter in seven. Traders will then focus on the PCE inflation report on Friday to assess Fed policy – assuming Jerome Powell hasn’t made it crystal clear what to expect at his Jackson Hole speech later today. Which seems unlikely.
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