Pre-opening moods in Europe and how to trade EU-US sessions

02.10.2018 / 08:44

Rating:

General moods remain negative minutes before the launch of the European interbank market, so cash flows will be focused on selling European stocks and buying safe haven instruments.

Indicative prices for opening European indexes
DAX30 - 12279 or 39 points lower
CAC40 - 5484 or 10 points lower
UKX - 7476 or 20 points lower

EUR is likely to remain under pressure, reflecting worries about the Italian budget deficit. GBP will also remain under pressure as the rumors of Teresa May's proposal to resolve the Irish border problem have been unspent. Following the strong upward momentum in CAD, today I expect the currency to register a slight withdrawal that short-term traders will use for a new long positioning.

Shares to watch during the European and US Stock Exchange:

INP.FR - Opportunity for long positions with trend

JUN3.DE - Short with trend after correction to resistance zone

TEVA.US - Opportunity for long-term Short-Trade

Trader Petar Milanov

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Pre-opening moods in Europe and how to trade EU-US sessions

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