Die USA senden neue Waffen nach Taiwan. Ziel sei die Bereitschaft der F-16-Flotte zu garantieren. China ermahnt derweil die USA „äußerste Vorsicht“ walten zu lassen.
SPD-Wirtschaftspolitiker Westphal verlangt von Thyssen-Krupp-Chef López Transparenz über die Festlegung auf den Käufer der Stahlsparte. Und er richtet einen Appell an Habeck und Neubaur.The Nasdaq is slowly
crawling back to the all-time high. The market continues to look forward to the
next year with Trump’s policies being a positive driver for growth.
The only bearish reason we
had for the stock market was the rise in Treasury yields. That’s generally
bearish only when the Fed is tightening policy though not when yields rise on
positive growth expectations.
Right now, the Fed’s
reaction function is that a strong economy would warrant an earlier pause in
the easing cycle and not a tightening. That should still be supportive for the
stock market in the bigger picture.
If the Fed’s reaction
function were to change to a potential tightening, then that will likely
trigger a big correction in the stock market on expected economic slowdown. For
now, the pullbacks look as something healthy and opportunities to buy the dips.
Nasdaq
Technical Analysis – Daily Timeframe
On the daily chart, we can
see that the Nasdaq continues to slowly rise towards the all-time high. The
buyers continue to lean on the major trendline to position for new highs. The sellers,
on the other hand, will need to see the price falling below the trendline to
start targeting a correction into the 20K level.
Nasdaq Technical
Analysis – 4 hour Timeframe
On the 4 hour chart, we can
see more clearly the rejections from the trendline as the dip-buyers continue
to pile in at every pullback. We have a minor resistance
around the 21050 level. The buyers will want to see the price breaking higher
to increase the bullish bets into a new all-time high. The sellers, on the
other hand, will likely step in around the resistance to position for a break
below the major trendline.
Nasdaq Technical
Analysis – 1 hour Timeframe
On the 1 hour chart, we can
see that we have a minor downward trendline acting as resistance. A break above
it should see the buyers increasing the bullish momentum into the 21050
resistance. The sellers, on the other hand, will likely lean on it to position for
a drop into new lows. The red lines define the average daily range for today.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
For those interested, the full results of the stress testing on the financial system can be found here.
This article was written by Justin Low at www.forexlive.com.
The S&P 500 is slowly
crawling back to the all-time high. The market continues to look forward to the
next year with Trump’s policies being a positive driver for growth.
The only bearish reason we
had for the stock market was the rise in Treasury yields. That’s generally
bearish only when the Fed is tightening policy though not when yields rise on
positive growth expectations.
Right now, the Fed’s
reaction function is that a strong economy would warrant an earlier pause in
the easing cycle and not a tightening. That should still be supportive for the
stock market in the bigger picture.
If the Fed’s reaction
function were to change to a potential tightening, then that will likely
trigger a big correction in the stock market on expected economic slowdown. For
now, the pullbacks look as something healthy and opportunities to buy the dips.
S&P 500
Technical Analysis – Daily Timeframe
On the daily chart, we can
see that the S&P 500 recovered all the losses and it’s now back near the
all-time high. The buyers will want to see the price breaking higher to
increase the bullish bets into new highs. The sellers, on the other hand, will
likely step in around these levels to position for a drop back into the major trendline
around the 5900 level.
S&P 500 Technical
Analysis – 4 hour Timeframe
On the 4 hour chart, we can
see that we have another minor upward trendline defining the current bullish
momentum. The buyers will likely keep on leaning on it to position for new
highs, while the sellers will look for a break lower to increase the bearish
bets into the major trendline.
S&P 500 Technical
Analysis – 1 hour Timeframe
On the 1 hour chart, we can
see that we are having a pretty slow and choppy price action these days due to
the holidays. This could lead to fake breakouts due to the intraday noise. The
sellers will want to see the price falling below the higher low around the 6017
level to start targeting new lows, while the buyers will likely pile in around
these levels to position for a rally into a new all-time high. The red lines
define the average daily range for today.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
The nudge higher owes to base effects, similar to the rest of the euro area. However, core annual inflation is also seen marginally higher on the month – up from 1.8% in October to 1.9% in November. That said, it is still holding under 2% so that’s some comfort for the ECB as compared to the likes of Germany.
This article was written by Justin Low at www.forexlive.com.
The headline estimate may have nudged higher in November, largely due to base effects, but the core estimate remains steady at 2.7%. If anything, it reaffirms a 25 bps rate cut for next month as the disinflation path remains bumpy in the euro area. Looking at the details, services inflation did come down a little from 4.0% in October to 3.9% in November.
This article was written by Justin Low at www.forexlive.com.