Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13644.2 with take profit at 13748.7.
Bearish Preference:
Sell position is envisaged if price trades below 13444.3 with take profit at 13344.3.
Fundamentals:
1:45pm EUR Main Refinancing Rate EUR Monetary Policy Statement
2:30pm EUR ECB Press Conference
USD CPI m/m
USD Core CPI m/m
USD Unemployment Claims
11:15pm AUD RBA Gov Lowe Speaks
Comment:
European stock markets weakened Thursday, handing back some of the previous session’s hefty gains ahead of new high-level Russia-Ukraine talks and the latest policy-setting European Central Bank meeting. Markets have been roiled over the last couple of weeks by Russia’s invasion of Ukraine, with commodity prices, and oil, in particular, soaring to record levels, raising stagflation fears.
Analysis: SCRUM Team