S&P 500, DAX & FTSE

Samp;P 500, DAX amp; FTSE - Can the Bounce Sustain?

Talking Points:

  • Economic calendar light, but key headline risk exists; SP 500 technicals still unclear
  • German Eurozone ZEW figures due out; DAX has resistance ahead
  • UK CPI data on Wednesday; FTSE will try and continue impressive rally

For the intermediate-term technical and fundamental outlook, check out the recently released DailyFX Q2 Forecasts.

SP 500

Looking ahead to next week, the calendar is light on data with the only ‘high’ impact release arriving on Monday via the March Advance Retail Sales figures. Geopolitical tensions with Syria/Russia and ‘trade war’ talk could continue to be a threat on the headline front. For details of all economic releases, check out the economic calendar.

The SP continued last week to be volatile but without much direction as it sorts itself out following another test of the 200-day MA and Feb 2016 trend-line. A boost higher out of the coiling range could have the index poised for a test of the trend-line off the highs in the vicinity of 2735. A push back lower

Article source: https://www.dailyfx.com/forex/fundamental/article/special_report/2018/04/13/SP-500-DAX-FTSE-Can-the-Bounce-Sustain.html?DFXfeeds=forex:fundamental:article:special_report