The most important chart of the world at the moment. The EU Bank Index: It closed below 80 euros, the most important level zone. Short it. After a decade, the bearish triangle is complete. Let's party.
Tag: eu
Rate cuts, what do they mean for the market?
At the end of July the FED board is going to discuss a possible rate cut. The market is pricing an high probability of a rate cut which could boost stock prices; in this case is worth to take a look at a chart posted by Crescat Capital: As we can see rate cuts seems … Continue reading Rate cuts, what do they mean for the market?
The day after the election
After the EU parliament election ended yesterday, a lot of traders were expecting great activity on European equities, especially movement to the downside. However such a trend did not completely materialized. In the picture we can see the trend of the German Index DAX and the EuroStoxx: They both had a positive return today, although … Continue reading The day after the election
A review of Portugal
In the past days, I've spent a lot of time in Lisbon because I'm going to study at the Nova Business School since September for one year. I have little knowledge about Portugal in general, the only thing I knew were that Cristiano Ronaldo comes from Madeira, Lisbon is the capital and the great rivalry … Continue reading A review of Portugal
The case of Italy: sluggish economic perfomance #1
Italy is my country, where I live and spent most part of my life. In September I'll leave home for at least one year because I'll study at the Nova Business School in Portugal. This has been a tough choice, but what motivated me to do so is the future perspective for graduates, who struggle … Continue reading The case of Italy: sluggish economic perfomance #1
PMI data from the Eurozone: flashing red
This morning the IHS Markit published the Eurozone Manufacturing PMI for the month of March. Data were disappointing, the worst in six years. Let's dig into the data. The two main countries we're going to cover are Germany and Italy, because I think they are the main drivers of the EU system. Both nations are … Continue reading PMI data from the Eurozone: flashing red
Germany is in recession, what’s next?
Today bad news came out from the PMI survey from MSCI, especially for Germany as you can see in the following chart: The actual result was 44.7, the lowest since 2013 when times were much more chaotic. But as investors or traders this signal should trigger us and make us reflect on what is going … Continue reading Germany is in recession, what’s next?
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