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Next 7 Days Earnings

Jul 30, 2019 (09:21)

by John Knobel

Investors shifting out of risk assets ahead of tomorrow's US interest rate decision

EU stocks drop after European Consumer Confidence falls
US Dow Jones 30, NASDAQ 100, SP500 stock futures lower as traders shift out of risk assets before tomorrow’s US interest rate decision

Charts

German Dax current price 12,267 breaks below the 12,294.5 support; price is below its 4,9 and 18 period moving averages (Bearish); RSI analysis indicates that the previous multi-month up-trend is losing momentum (Bearish); buying support zone for long positions spotted between 12,294.5 and 12,040; however any new longs should be alert for a break below the 12,040 support as a signal of a trend reversal lower; otherwise upside potential remains provided price can be supported above 12,040;

Source: FXGM / Bloomberg

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