CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Category: Commentary

Brexit question what next
Commentary
Richard Perry

Reaction to UK PM May losing her Brexit vote

Theresa May has lost the vote in Parliament. The key to what happens next is the size of the defeat. Mrs May has lost by 230 votes in an astoundingly large defeat (202 voting for the deal, versus 432 against). Political impact of what happens next Well although Mrs May’s

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Commentary
Richard Perry

Expect volatility on sterling in tonight’s Brexit vote

As traders wait (seemingly patiently) for the key “meaningful vote” in Parliament on the Withdrawal Agreement it might be an idea to look at a few scenarios that could play out for sterling. Although sterling has been relatively settled in recent days, perhaps even strong, it could be a case

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Commentary
Richard Perry

DAX increasingly building consolidation with pivot support key

DAX Xetra (cash index) The recovery of early January has turned into a phase of consolidation now as the overhead supply around 11,000 has prevented the bulls from gathering a head of steam. This comes with momentum indicators rolling over at levels that will be concerning for the anyone invested

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Commentary
Richard Perry

DAX bulls continue to build a case for pressure on 11,000

DAX Xetra (cash index) It was a very positive reaction to a potential early slip on equities yesterday as the bulls continued to back weakness as an opportunity. A correction was bought into and the market closing at the high of the day suggests there will be pressure on the

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Trader pensive lady
Commentary
Richard Perry

DAX slips back to question the sustainability of the recovery

DAX Xetra (cash index) There seems to have been a pause in the rally of early 2019 and this opens some intriguing questions now. Although yesterday’s rally added another 90 ticks into the close, the daily candlestick body was so small it was almost a doji candle (which tends to

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Commentary
Richard Perry

DAX builds near term recovery but the big test is to come

DAX Xetra (cash index) Moves on the DAX in recent sessions have helped to build a sense that a recovery could be brewing. However, this near term move needs to now start to push decisively forward and make a key move on the resistance of the overhead supply around 11,000.

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Markets board
Commentary
Richard Perry

DAX holding up well, but can the resistance be breached?

DAX Xetra (cash index) Equity markets have fluctuated in the past few sessions but it is interesting to see that given the sharp deterioration in risk appetite, there has not been an overly significant sell-off. Yesterday’s negative candle saw the DAX close strongly lower, but not breach the 10,387 support

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Trader pensive
Commentary
Richard Perry

DAX holding up well but the bulls still have a lot to do

DAX Xetra (cash index) Given the negativity in market sentiment that has greeted traders at the beginning of 2019, the moves on the DAX have been relatively encouraging for the bulls. However, this does have to be put into the context of a market which remains extremely negatively configured on

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Commentary
Richard Perry

DAX remains under pressure as 2019 kicks off

DAX Xetra (cash index) As we come into the new year, rallies remain a chance to sell for the DAX. Breaking the support of the early December low at 10,585 in the final days of 2018 has meant that this became a basis of resistance, something that was seen pretty

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Commentary
Richard Perry

Another breakdown on the DAX as selling continues

DAX Xetra (cash index) Another bearish breakdown on the DAX this morning as the negative outlook continues to drag equities lower. A move below the previous December low at 10,585 continues the bear move towards the long term target at 10,150 from the huge top pattern. The next support comes

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2019
Commentary
Richard Perry

What can we expect from major markets in 2019?

Moving into 2019, financial markets are trading with elevated volatility. Central banks tightening monetary policy, the ongoing US/China trade dispute, a global growth slowdown and Brexit uncertainties are all key reasons why markets have been served up a very turbulent few months for traders and investors. It may not be

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Markets generic red
Commentary
Richard Perry

DAX under pressure once again as any strength is sold into

DAX Xetra (cash index) The bearish outlook across equities markets continue and the Fed decision last night has certainly not helped to change this view. The DAX has been struggling under 11,000 once more this week but a mini consolidation in recent days may have had the bulls dreaming of

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FOMC magnifying glass
Commentary
Richard Perry

FOMC decision not a dovish hike, not a game changer

For some time the Federal Reserve has been guiding for and markets have been pricing for a fourth rate hike at this December meeting. However, this has come amid the backdrop of significantly reducing expectations of future rate hikes. That is why today’s meeting of the from the FOMC has

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Commentary
Richard Perry

DAX again up against selling pressure into intraday rallies

DAX Xetra (cash index) DAX rallies are a chance to sell as the technical outlook remains corrective and points towards a retest of recent lows. The overhead supply around 11,000 seems to have put paid to last week’s recovery which has left a high at 10,988. The filled gap in

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Commentary
Richard Perry

DAX sells off again as another meek rally fails

DAX Xetra (cash index) After a rebound earlier in the week, the bulls briefly had a glimmer of hope, but that seems to have quickly been extinguished as the selling pressure seems to be resuming. The old support around 11,000 is significant overhead supply and so it seems to have

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markets general blue
Commentary
Richard Perry

Is the DAX rebound beginning to struggle at resistance?

DAX Xetra (cash index) A recovery in the past few sessions has unwound some of the recent oversold position, but is the move anything more than just another chance to sell? The risk appetite around global equities has been less negative as the US/China rhetoric has improved, allowing the market

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Trader pensive
Commentary
Richard Perry

DAX rebounding but how long will it last?

DAX Xetra (cash index) There has been a mild improvement in risk appetite in the past 24 hours that has allowed the DAX to form a recovery of sorts, but how long it lasts for is another issue. The medium to longer term outlook remains deeply negative and there is

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Commentary
Richard Perry

DAX rebounds but barriers to recovery are huge still

DAX Xetra (cash index) Negativity on Eurozone equities is sizable now and the DAX is still under huge pressure despite an early rebound today. The fact that the number of negative candlesticks in a row (i.e. close below the open) is now up to ten consecutive just reflects the persistent

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