HomeContributorsTechnical AnalysisDaily Markets Broadcast

Daily Markets Broadcast

US equity futures drift lower

Wall Street cash markets were closed yesterday so it was left to futures markets to drift lower from record highs in lacklustre, holiday-thinned trade.

US30USD Daily Chart

The US30 index closed lower for the first time in five days yesterday amid profit-taking and month-end hedging

The 55-day moving average has risen to 27,177, edging higher toward possible trendline support around the 27,240 level

There are no major data releases scheduled for today. Analysts will be poised to hear what retailers have to say about Black Friday sales.

DE30EUR Daily Chart

The Germany30 index was left range-bound for a second day yesterday in slow trading

The 55-day moving average has risen to 12,750. The 23.6% Fibonacci retracement of the rally from October 3 to November 12 is at 12,960

The provisional reading for Euro-zone consumer prices is expected to show an uptick to +0.9% y/y in November, according to the latest survey of economists. ECB’s De Guindos is scheduled to speak today.

CN50USD Daily Chart

The China50 index posted the biggest drop of the week yesterday after US President Trump signed the HK Democracy Bill into law, raising fears that the Phase 1 trade deal may be in jeopardy

The index is testing the 100-day moving average at 13,688, which has only been breached once since August 16 on a closing basis

China releases its PMI data for November tomorrow. The manufacturing sector PMI is seen rebounding slightly to 49.5 from 49.3 while the service sector PMI is expected to improve to 53.6 from 52.8.

MarketPulse
MarketPulsehttps://www.marketpulse.com/
MarketPulse is a forex, commodities, and global indices research, analysis, and news site providing timely and accurate information on major economic trends, technical analysis, and worldwide events that impact different asset classes and investors. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities.

Featured Analysis

Learn Forex Trading