Dax intraday: Bullish bias above 13050.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Bullish bias above 13050.00

Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 13050.00

Our preference
Long positions above 13050.00 with targets at 13339.00 & 13460.00 in extension.

Alternative scenario
Below 13050.00 look for further downside with 12930.00 & 12754.00 as targets.

Comment
The RSI lacks momentum.

SP 500: Intraday support around 3362.00

Pivot (invalidation): 3362.00

Our preference
Long positions above 3362.00 with targets at 3452.00 & 3500.00 in extension.

Alternative scenario
Below 3362.00 look for further downside with 3310.00 & 3259.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.