It's going to be a busy day for the markets, with (Fed) Chairman Jerome Powell, (ECB) President Christine Lagarde, (BoE) Governor Andrew Bailey and (BoJ) Kazuo Ueda will be speeches at the ECB Forum. So we can expect some volatile price action and possibly in different directions. However, we can expect some optimistic and positive remarks that may try to be positive for the markets in general. I would not be surprised if stocks will hold support and found some buyers today, but for the FX its hard to say anything really, as xxx/USD lost correlation with stocks, while xxx/JPY is moving similarly to indexes, but then you have BoJ who is not happy with current JPY moves.
Looking at DAX as a first update today, there is a nice move up to 16k which we believed it will happen, but it's nto really clear if this is still wave 4 or are we headed higher for 16100. I still think that very good support is at 15630-15700.
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