Investors on Wednesday couldn’t be bored. Oil gaining over 10% (crude +10.27%) and breaking of bearish channel in which EURUSD moved for a month (and test of 1.1100). European indices tried to fight, DAX for a moment was on plus but then it went below daily low. Gaining EURUSD and decrease of American indices was enough to cause these reactions on European stocks. Session in Europe ended in red zone on all important indices: English FTSE100 -1.43%, French CAC40 -1.33%, German DAX -1.53%. 24 out of 30 DAX companies lost some value, the most Deutsche Bank -6.02%. 6 companies gained, the most Linde +0.91%.
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What’s interesting the end of session in the US was totally different. After first decreases and weak ISM data (the lowest score in two years) American indices ended mostly with gains. William Dudley from NY FED said that this kind of data will influence FED decisions in March and probability of hike is 40%.
On DAX future January’s low wasn’t deepened and bearish H&S pattern will still scare investors until price will not come back above 9,590 pts. After good session on Wall Street Asian session should be nice too and Thursday’s session probably will open with bullish gap.
