FTSE, DAX, DOW Trading Ideas and discussions

there we are...job done
although not expecting it to happen so quickly

2069 sup area

dentist007 said:
areas to watch if the uptrend starts breaking down

10yknbn.gif
Click to expand...
 
missed a hummer on the dax
price went into a tight range at 11250
always trade those tight ranges with oco
haha ...cannot win em all
 
So welcome to a new week, and a "deal" has finally been reached for Greece, and one which demonstrates that democracy in the Eurozone is completely and utterly dead, in so far as the outlines are infinitessimally worse than those that were rejected in the Greek referendum. Indeed what is on the table as a deal highlights that: a) there is no long-term future for the Eurozone; b) the desire on the part of Eurozone creditor nations to completely destroy the Greek economy - it can certainly be asserted that this is indeed a worse deal than the 1919 Treaty of Versailles. In terms of a near-term timeline:

a) Tsipras will have to form a new government of national unity as soon as he gets back to Athens

b) By Wednesday 15th, Greece will have to pass laws including simplifying VAT rates, and applying VAT on a wider basis, cutbacks on pensions, and making its statistics agency independent.

c) Once these have been passed, ESM bail-out parliamentary process can commence, and this will require parliaments in Finland, Germany, Austria, Netherlands, Slovakia and Estonia to approve starting ESM talks

d) The Greek parliament will then have to rush through further laws to attain brige financing to pay the ECB on July 20th.

Per se this is anything but a done deal, and the recriminations at a political and general public level in both Greece and across the Eurozone, above all Germany, are likely to be as bellicose and pugilistic as the negotiations have been. Markets will doubtless perform a "risk on" jig, though it will probably have a rather short shelf-life. To compound the complexity of macro and geo-political inputs, a deal with Iran does now appear to be a very strong possibility, while the comments on Friday from the generally very dovish Rosengren from the Boston Fed that rate lift-off could come as early as September leave financial markets being pulled hither and hither. This, in a week, which is not only replete with US (Retail Sales, CPI, PPI, Industrial Production, China (starting with the overnight Trade data ahead of GDP, Retail Sales & Industrial Production) and UK (CPI, Unemployment, Average Earnings, BRC Retail Sales) economic data, but also has an ECB meeting, the Fed's beige Book and testimony from Yellen and a barrage of US Corporate Earnings.
from Marc Ostwald
 
Morning

what a morning. 11520 is a pre breakout area
11420, support this morning and breakou area

let's see
 
into the open
spx is pretty resilient..so far
latest breakout shown
2094 area held..may not hold for longer
 

Attachments

  • ScreenShot013.gif
    ScreenShot013.gif
    56.7 KB · Views: 69
njqqlWXD


Bulls need to be tested at some point 11320 area. right the way up to 11380

11420 is a nice area for a bounce and out.

Key areas for me posted earlier.
 
there seems to be alot of messing around in 11412 area aswell...dunno why
 

Attachments

  • ScreenShot014.gif
    ScreenShot014.gif
    50.6 KB · Views: 48
Last edited:
You must log in or register to reply here.

Similar threads

F
FXFair Discussion
Replies
8
Views
3K
FXFair
F
F
Profitable support trading on indices Dow ,dax ,Nasdaq and s&p
24 25 26
Replies
510
Views
61K
foroom lluzers
F
C
Easy Dax 1 hour system End of day
Replies
9
Views
5K
cu2
C
P
EURGBP set up ideas
Replies
14
Views
9K
RachelFX
R
F
FTSE Beater Trading Rules
Replies
3
Views
3K
BeM
B
Top