By accepting you will be accessing a service provided by a third-party external to https://chatpips.com/

Daily Markets Broadcast 2019-10-10

Daily Markets Broadcast 2019-10-10 - MarketPulseMarketPulse


Home/Daily Markets Broadcast/DAX/Indices/Market Pulse/Technical Analysis/Technical Analysis Indices

Share 0

Daily Markets Broadcast


Stocks start nervously today as trade hopes fade

US indices rose yesterday on hopes China would look through the recent US blacklisting steps and make progress in the trade talks. Those gains have been wiped out in early trading this morning as China damped expectations for a broader deal. EU says they are no closer to a solution to the Irish backstop issue.

US30 USD Daily Chart

Source: OANDA fxTrade

The US30 index rose for the first time in three days yesterday, but those gains proved to be short-lived as trade talk progress failed to materialise

The index has tested the 200-day moving average at 25,994 today, but has so far failed to sustain a breach below. It has held on a closing basis since August 14

US consumer prices are expected to rise 1.8% y/y in September, a slightly faster pace than August. Fed’s Kashkari and Mester are scheduled to speak later in the day.


DE30EUR Daily Chart

Source: OANDA fxTrade

The Germany30 index touched the highest in a week yesterday but is already trading lower this morning

The index tested the 100-day moving average at 12,122 yesterday but failed to close above it. The 200-day moving average is at 11,843

Germany’s trade surplus is expected to narrow to €19.1b in August from €20.2b the prior month amid a 1.0% m/m contraction in exports, the latest survey of economists shows. The minutes of the last ECB meeting are also published today.


CN50USD Daily Chart

Source: OANDA fxTrade

The China50 index jumped the most in almost two months yesterday, touching the highest since September 24. However, the index is likely to give up some of those gains today as trade talk progress fails to emerge

The index may stall ahead of the 61.8% Fibonacci retracement of the drop from September 6 to October 3 at 13,819

China’s new loans data for September may be due today and is expected to show a total of 1.4 trillion yuan of loans granted. In 2019 the average monthly total has been 1.49 trillion yuan ($206 billion).



This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Andrew Robinson

A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.

Andrew Robinson

Latest posts by Andrew Robinson (see all)

Original author: Andrew Robinson
Dollar weakens amid talk of currency pact
Information Paper: Upcoming changes to Lending to ...

Quick Post

What would you like to share today?
You can also favorite these post types to have quicker access
Share and stream what's new to our social channels...
  Add photos   Click or drop photos here to upload.
Pending Preparing to upload... Uploading... Upload failed. (see details) Upload completed.
( left)
Add files Click or drop files here to upload
Type a hashtag to start searching for tags
Keyword does not match any tags
Type a name of your friend
No friends found by that name
Keyword does not match any emoticons

Broker Search

Latest Spot Rate

Wait a minute, while we are rendering the calendar
How It Works | About | Contact | Contributors | Privacy Policy | Advertise
© 2009 - 2020 ChatPips. All Rights Reserved. Terms of Use: The content on this website is solely for educational and informational purposes and is not a substitute for official documentation of the original owners. This site is not operated by, sponsored by, endorsed by, or affiliated with any parties in any way. The website owner, the authors, the publishers, and all affiliates of ChatPips.com assume no responsibility or liability for your trading and investment results. You should always check and confirm with several sources with your licensed financial advisor and tax advisor to determine the suitability of any investment before making your final decision. Your continued usage and browsing of information on this website constitute your agreement to this Terms of Use. If you do not agree, please do not proceed to use this website. Brokers Directory: The companies license information were obtained from respective local jurisdiction. All other company and/or product names are trademarks and/or registered trademarks of their respective owners.