- At 08:50 am, the Ibex 35 futures rose 0.06% to 8,300 points
- Bankinter succumbs to 6 euros
- Solaria lives in the range
week three session in europe may be conditioned by the skepticism unleashed by Wall Street yesterday (Dow Jones: -1,03%; S&P 500: -1,44%; Nasdaq 100: -2.01%), where its main indexes lost ground from December highs on the price of what the Federal Reserve (Fed) will decide next Wednesday.
Market There is again some “concern” about the increase of 75 bp Instead of the consensus estimate of 50 bp and Powell “dropped it” in his latest statements.
in Oceania, Australian GDP (Q3) contracted (0.6% vs. 0.7% predicted) and the annual rate fell to 5.9%, which is why concerns about economic growth begin. for his part, he Reserve Bank of Australia (RBA) raised interest rates by 25 bp to 3.10%, as expected by the market despite a “discount” of inflation (6.9% vs. 7.3% earlier).
In Asia, China’s trade balance has declined export (-8.7% versus -3.6% estimated) and Import (-10.6% vs -5.0% estimated), so it is possible that they start working on removing part of the latest restrictions due to COVID19.
in Europe, Mid-morning we’ll have GDP data for the euro area, with some early forecasts putting the reference at 2.1%. A few minutes ago, the industrial production October data in Germany improved (-0.1% vs. -0.6% expected), which may give some relief to the European market.
In the commodity futures market, Oil has not had a positive week in view of new downward pressuresAs the market anticipates a fall in demand, barrel prices are on the rise BrentBelow $80, a level not seen since January.
Ibex 35 (-0,46%) closed with a new low yesterday, is already accumulating five negative sessions due to investor doubts. The market is waiting for the Fed and ECB’s decision next week. However, we have to look at 8300 points as the nearest support, because if we lose them, We can go down to the level of 8200 points.
grifol (-5,62%) this selective was the worst value of yesterday, after running into resistance at 11 EUR, a level that has been difficult to break (little demand) in recent weeks. Next objective; 10 euro.
inside the banks banker (-3.61%) after breaking the annual maximum (6.51 euros) in November loses the reference of 6 euros, for this reason it brings a reduction of more than 8% from the said level. The next support is near the $5.55 level.
Solaria
(-2,05%) It again fell victim to the resistance of 17.70 euros And it remains within a small lateral range, now coming down (16.35 EUR), although for now, demand continues to hold that area.
Finally, today we will have relevant macroeconomic data, among which we highlight:
- 11:00 am -> Euro Area GDP (Q3)
- 4:00 pm -> Deciding on the Types of Interests in Canada
- 4:30 PM -> IEA Crude Oil List
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How to take advantage of the opportunities in this market? operational example.
To show how to work on an example, we’re going to use the ibex 35, At IG, we can trade this market with CFDs, Barrier, Vanilla Options and Turbo24. We are going to choose the latter for example, as it is a product listed on the 24-hour market, allowing us to optimize the leverage of our operations and cover against market gaps with a minimum purchase of Turbo24 (equivalent) allows for. 0.01 euro per point).
In the event that the first scenario is confirmed and decided to enter the bullish, we will buy 100 long turbo24 (1 euro per point). Let’s imagine that the IBEX 35 is trading, for example, at the 8,400 mark. We can place the exit level or knockout (guaranteed stop) 100 points below the entry price. If the Turbo24 price at that time is €1,805, the requested guarantee (compensation) would be €180.5 (100 Turbo24 x €1,805 for each Turbo24). The leverage for this operation would be 46.54 times (8400 / 180.5 Euro = 46.54 times). Furthermore, it has the advantage that if there is an increase in volatility at market close that triggers our knockout, the trade is not closed. This means that if the cash market opens in favor of our direction, we will stay inside and keep taking profits. If, on the other hand, when the market opens, it does so at a price equal to or higher than our knockout price, we are guaranteed a maximum loss on the amount initially deposited, so we are able to enter the bullish gap in the market. are covered against.
In the event that the second scenario is confirmed and decided to enter the bassist, We will buy 100 Short Turbo24 at Ibex 35 price for 8330 points. We can place the knockout level, for example, 100 points above entry, with the Turbo24 price at EUR 1,508, the requested guarantee (compensation) would be EUR 150.8 (100 Turbo24 x EUR 1,508 for each Turbo24). The leverage of this operation would be 55.24 times (8330 / 150.8 EUR = 55.24 times), maintaining all the advantages mentioned above and protection against negative balance in case of a bear market gap.
