01-11-2018 Key Levels

01-11-2018 DAX Key Levels

October brought investors considerable price losses. The smoldering US-China trade conflict, the controversy over the Italian budget and speculation about faster than previously expected interest rate hikes in the US has palmed investors off. There were also some disappointing views on the large corporates. So perhaps the market is likely to hold back, at the beginning of the November. 
 

On the economic side, the interest rate session of the Bank of England (BoE) is in focus. Retaining the current key rate of 0.75 percent is considered safe. From the US, construction spending and the ISM PMI for the industry are in the diaries. The company balance sheets remain in focus.

Quick Thought

What are your opinions?

The United States Federal Reserve published on Wednesday the proposal for an overhaul in rules for banks, making the move after years of strict standards which critics said overburdened the system and reduced efficiency. The sector is set to be divided into four categories, with entities from the global list of systemically important banks (G-SIBs) remaining on top.

Is anyone else worried about this?

My first thought: The fed know that there is not much more runway left. The US can’t continue to pay their debts or raise enough taxes, or finance their bond repayments with increasing interest rates. So when the floor falls out of this thing, they will obviously not want to accept responsibility. They will, like any spineless corporate executive in a board meeting, look to point the finger somewhere else. So they are paving the way to allow banks to be irresponsible again, therefore allowing them a perfect opportunity to place the blame on the doorsteps of banks.


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01-11-2018 DAX Key Levels

DAX KEY LEVELS
  CFD
POC * 11465
Value Area High 11480
Value Area Low 11440
VWAP 11453
R2 11544
S2 11330
Pivot 11437
Camarilla Breakout (Bull) 11482
Camarilla Breakout (Bear) 11365
01-11-2018 DAX Key Levels

01-11-2018 DAX Key Levels

01-11-2018 DOW Key Levels

DOW KEY LEVELS
  CFD
POC * 25150
Value Area High 25309
Value Area Low 25050
VWAP 25121
R2 25587
S2 24648
Pivot 25118
Camarilla Breakout (Bull) 25414
Camarilla Breakout (Bear) 24897
01-11-2018 DOW Key Levels

01-11-2018 DOW Key Levels

01-11-2018 FTSE Key Levels

FTSE KEY LEVELS
  CFD
POC * 7141
Value Area High 7153
Value Area Low 7132.5
VWAP 7139
R2 7188
S2 7063
Pivot 7126
Camarilla Breakout (Bull) 7143
Camarilla Breakout (Bear) 7075
01-11-2018 FTSE Key Levels

01-11-2018 FTSE Key Levels

01-11-2018 STOXX Key Levels

EuroStoxx KEY LEVELS
  CFD
POC * 3203
Value Area High 3206
Value Area Low 3195
VWAP 3199
R2 3223
S2 3165
Pivot 3194
Camarilla Breakout (Bull) 3205
Camarilla Breakout (Bear) 3173

01-11-2018 STOXX Key Levels

01-11-2018 STOXX Key Levels

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