Blogs

Spain HICP (MoM) above expectations (0%) in May: Actual (0.1%)

Turkey Industrial Production (YoY) came in at -31.4%, below expectations (1.8%) in April

Spain Consumer Price Index (MoM) in line with forecasts (0%) in May

Spain Consumer Price Index (YoY) came in at -0.9%, above forecasts (-1%) in May

Spain HICP (YoY) meets expectations (-0.9%) in May

<p>WTI crude slipped below $35 per barrel as oil investors scaled back their expectation of improved demand on rising risk of a renewed halt in global economic activity. The barrel of WTI found buyers near the 100-day moving average ($34.70). The trajectory of oil will depend on news and developments regarding the resurge in Covid-19 [&hellip

<p>US equities recorded the worst single-day sell-off since April on rising fears that a second wave of Covid-10 contagion would push the economies to shut down again. The Dow Jones slumped 6.90%, as Nasdaq erased 5.27% respectively at the close. The S&amp;P500 (-5.89%) hit the critical 3000 support. Airlines, banks, energy and even techn

<p>Pivot</p> <p>&nbsp;(invalidation): 36.25 Our preference</p> <p>Short positions below 36.25 with targets at 34.50 &amp; 33.85 in extension.</p> <p>Alternative scenario</p> <p>Above 36.25 look for further upside with 37.20 &amp; 37.70 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 17.7200 Our preference</p> <p>Short positions below 17.7200 with targets at 17.2000 &amp; 17.0000 in extension.</p> <p>Alternative scenario</p> <p>Above 17.7200 look for further upside with 17.8600 &amp; 17.9600 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1735.00 Our preference</p> <p>Short positions below 1735.00 with targets at 1719.00 &amp; 1708.00 in extension.</p> <p>Alternative scenario</p> <p>Above 1735.00 look for further upside with 1745.00 &amp; 1755.00 as targets.</p>