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Monday, February 24, 2025

European Markets Wrap-Up | Nasdaq Technical Analysis – Bad data spooks the market

Nasdaq Technical Analysis – Bad data spooks the market

Fundamental Overview The Nasdaq sold off pretty aggressively on Friday following the weak US Flash Services PMI and later the Final UMich Consumer Sentiment survey where the long-term inflation expect... 

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Trading the DAX Futures Today by tradeCompass

tradeCompass – DAX Futures (FDAX1!) Analysis Current Price: 22,545 (at the time of analysis) Key Levels and Trade Orientation Bullish above: 22,775 (value area just above VAH of February 19th) Bearish... 

German finance minister says debt brake reform is unrealistic in current parliament

Not a surprising comment given how the SPD was trounced. But I reckon even with the newly formed government coalition, it's going to be tough to strike a compromise as well. I outlined the situation e... 

Xi says China happy to see Russia, relevant parties make positive efforts on Ukraine

China-Russia relations will move forward calmly no matter how international situation changes China-Russia development strategies and diplomatic policies are long-term China and Russia agree to contin... 

Eurozone January final CPI +2.5% vs +2.5% y/y prelim

Prior +2.4% Core CPI +2.7% vs +2.7% y/y prelim Prior +2.7% No changes to the initial estimates and again, this doesn't do much to move the needle on the ECB's next move in March.... 

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Latest Forex Orders

FX option expiries for 24 February 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . They are for EUR/USD at the 1.0500 and 1.0525 levels. The euro is underpinned after the German election results over the weekend... 

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