The first containment dams that bears find in the European stock markets have worked perfectly. The supports in the stock markets of the Old Continent hold for now and come out reinforced by stoically resisting the bearish stake of the last hours.
“As long as he doesn’t lose the lows he established at 3,450 points,” says Joan Cabrero, technical analyst and adviser at . This hypothesis views the latest dip in the Continental Index as the possible right shoulder of an upside down inverted head and shoulders (HCHi?) pattern.
“Operationally, I continue to invite you not to sell as long as the European stock markets do not lose at least the lows of the last two weeks,” insists the expert who, yes, gives special importance to what happens in the key support presented by the DAX in the 12,400 points, “which is where the mother of the lamb is.”
In the case of , “I am not in favor of selling without losing the support of 7,765 points,” the expert qualifies while warning that if that happens the chances of seeing a fall that deepens to 7,000/7,287 points would be high.
Japan meets its wishes with inflation: 8-year highs
Oscar Wilde said that you have to be careful what you wish for, because it can come true. Japan has achieved this year that inflation reaches the objective that it has pursued for so many years, to exceed 2.5%. A figure that it had already achieved throughout 2022 and that today it has ratified by announcing an increase in the CPI up to 3%, the highest figure that has been registered in the country since 2014, 8 years ago.
The impact on the evolution of the yen has hardly been felt in its cross against the US dollar and the rest of the most traded currencies on the planet, such as the euro or the pound.
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