Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16069.6 with take profit at 16087.7
Bearish Preference:
Sell position is envisaged if price trades below 16035.4 with take profit at 16018.0
Fundamentals:
11:00am EUR ZEW Economic Sentiment
EUR German ZEW Economic Sentiment
2:00pm EUR ECB President Lagarde Speaks
Comment: Strength in commodity-linked sectors helped European stocks inch up to a record high close on Monday, although broader gains were stifled by some weak earnings and a lack of any major market cues. A survey also showed investor morale in the euro zone rose in November for the first time since July, as investors expected supply bottlenecks and higher prices to hold back the economy only temporarily. “It’s the best of developed economies at the moment : U.S., UK, and euro zone economies are recovering at a decent rate, and we’re not expecting any major change from the ECB, Bank of England, or Fed for some time.”
Analysis: SCRUM Team