Tag: stock market technical analysis
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
No surprises from the French election as Macron wins by a very large margin just like what the polls were showing just before the election. Don’t think that it will be all sunshine and rainbows for Macron moving forward for himself or for France. This is where the hard work begins as there are still deep issues France and the rest of Europe need to deal with that will just not go away.
We are back to the crossroads once more with the Aussie and US markets, as we are within Cooee of retesting the all-time highs in the US and the highest top in the Aussie market since the end of the 2007-2009 Bear market. Do we break on through to the other side?
We are 6 weeks on from the all-time highs made on the 1st of March for the US markets and have been working lower ever since. We are seeing a rotation for the moment from the US into other markets. More report on this using stock charts technical analysis.
The FED raised interest rates 0.25% as expected and the US markets moved up on the back of this.