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Daily market commentary

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The report isn’t expected to show any major change compared with last month, but a number above or below the 10% mark could significantly impact market sentiment today.

Technically, the STOXX-50 Index has broken out of a major support at 3,850.0pts(23.6% Fibonacci) but now moves further down towards the next at 3.735.0pts (82%), before hitting the significant 3,645.0pts mark (50%). While the RSI confirmed the bearish breakout, the DMI indicator clearly indicated a resurgence in bearish pressure within a directional movement.

Pierre Veyret– Technical analyst, ActivTrades

The US dollar bounced back yesterday as the Federal Reserve announced an interest rate hike of 0.5% , read more…


Disclaimer: These opinions are solely the author’s and do not necessarily reflect those of LeapRate. This is not intended to be a trading recommendation.

LeapRate’s Daily Market Commentary: Risk appetite declined after renewed indications of uncertain economic outlook appeared first.



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