DAX: Stalling at the 50 per cent retracement level & neckline of a giant head & shoulders top after this calendar year’s corrective bounce. Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.


DAX SHORT TERM TRADER: Short at 11600; stop well above 11800. First target 10800.



Turkey’s new recession Arrives in Q4 2018

The Financial Times reports that based on data released this morning Turkey saw its economic growth slow dramatically in the last 3 months of last year; it shrank by 3 per cent Y/Y and, seasonally adjusted, by 2.4 per cent – the worst reading since 2009. It is the second consecutive quarterly contraction and takes growth for the year as a whole to just 2.6 per cent from a more usual 7.4 per cent growth in 2017.

US aeroplane-maker Boeing takes out full-page adverts in newspapers today plugging ‘The Future of Aircraft is built here’ 777-9 and 787-10 Dreamliner. This follows the crash of a 737 MAX 8 plane in Ethiopia over the weekend, and the subsequent grounding of all this type of aircraft in Ethiopia and today in China.

Financial Markets and Political Commentary

Related Posts

About the author

High profile, trusted, veteran Technical Analyst with over 25 years’ banking experience. Key expertise in all areas of Treasury, especially foreign exchange, derivatives, fixed income and commodities. Acknowledged for personal contribution to new developments in the industry. Well regarded by the media for provision of accurate forecasts, succinct copy and entertaining sound bites. Thrives in dealing room environments – excellent interpersonal skills and a strong communicator with extensive business contacts. Looking for suitable and interesting opportunities.