The report isn’t expected to show any major change compared with last month, but a number above or below the 10% mark could significantly impact market sentiment today.
Technically, the STOXX-50 index broke-out at 3,850.0pts (22.36% Fibonacci). It now heads down to the next at 3,735.0pts (38%), before reaching the important 3,645.0pts mark (50%). While the RSI confirmed the bearish breakout, the DMI indicator clearly indicated a resurgence in bearish pressure within a directional movement.
Pierre Veyret– Technical analyst, ActivTrades
The US dollar bounced back yesterday as the Federal Reserve announced an interest rate hike of 0.5% , read more…
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LeapRate first published the post Daily market commentary: Risk appetite fell after renewed hints about an uncertain economic outlook