Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Some of the data collected by this provider is for the purposes of personalization and measuring advertising effectiveness.
Some of the data collected by this provider is for the purposes of personalization and measuring advertising effectiveness.
Some of the data collected by this provider is for the purposes of personalization and measuring advertising effectiveness.
Some of the data collected by this provider is for the purposes of personalization and measuring advertising effectiveness.
To provide you with a good experience we sometimes place small files known as cookies on your computer. A cookie is a text file made up of letters and numbers that allows us to distinguish your browser/device from another visitor's browsers/device. To learn more about cookies and how to manage them via your browser/device please visit aboutcookies.org
Technical Analyst, Saxo Bank
Summary: AEX25/NETH25 cfd, CAC40/FRA40 cfd, BEL20/BELG20 cfd and SMI20/SWISS20cfd
AEX25/NETH25 cfd has broken below key support at around 781. Unless buyers can lift the Index to close back above 781 a correction is unfolding that could take AEX down to 765 support.
To resume uptrend AEX needs to close above 792.50BEL20/BELG20 cfd bouncing from lower rising trendline BEL20 is trying to resume uptrend. To confirm uptrend has resumed a close above 3,763 is needed. If that scenario plays out there is room up to resistance at around 3,825-3,850
If closing below lower rising trendline a sell-off down to around 3,575 is in the cards
CAC40/FRA40 cfd is being sold off heavily and close to be testing the support at around 7,405. It is not the strongest support and the CAC40/FRA40 could drop to the stronger support at around 7,330
A close back above 7,526 will demolish the bearish correction scenarioSMI20/ SWISS20 Despite gapping higher this morning SMI20 seems to be failing in staying above 11,245 support/resistance level.
If closing the gap created this Wednesday morning further selling could be seen likely resulting in support at around 11,057 to be tested. A close below could push the Index to 10,963-10,880
A daily close above 11,245 the uptrend is likely to resume with short-term potential to 11,400