TECHNICAL ANALYSIS

European indices end the day in the red


The indices are approaching the lows of the day

European indices end the day lower and also close near the lows of the day.

The temporary fences show:

  • German DAX, -0.5%
  • CAC of France, -1.4%
  • UK FTSE 100, -1.1%
  • Ibex from Spain, -1.7%
  • Italy FTSE MIB, -0.7%

For the week, the indices are down sharply:

  • German DAX -4.0%
  • CAC of France -3.49%
  • UK FTSE 100, -3.25%
  • Ibex from Spain, -5.7%
  • Italy FTSE MIB, -4.9%

For the month, the German DAX closed virtually unchanged. The other indices were lower:

  • German DAX, unchanged
  • CAC of France, -3.1%
  • UK FTSE 100, -4%
  • Ibex from Spain, -4.9%
  • Italy FTSE MIB, -1.46%

In benchmark 10-year rates today, yields have returned to the upside after going negative at the start of the North American session

The indices are approaching the lows of the day

A snapshot of the forex market as London / EU traders look for exits shows the GBP still the strongest. The decline in JPY led IT to become the weakest of the NZD majors.

The Japanese yen is the weakest of the major currencies
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