Ftse Mib: rise to the end of the line? Focus on Eur / Usd, Gold and Oil

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Biocchi Davide
Ftse Mib
EUR
Dollar
Gold
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Bund

For the Ftse Mib the target of the movement in progress is confirmed at higher levels than the current ones: a lot will depend on the movements of the Bund. The view by Davide Biocchi.

Below is an interview with Davide Biocchi, trader-Directa SIM, to which we asked some questions about currencies, some commodities and expected scenarios for the stock exchanges.

The euro-dollar continues to recover ground after successfully defending the 1.10 area. What to expect for the next sessions?

The euro-dollar is actually moving into the trading range we had indicated between 1.10 and 1.113, but now I will widen the top of this band to 1.1170.

The outflow of money from the Bund has stabilized, which had also pushed up the stock markets, but also the American Treasury, in fact, dollars were being bought and this led to the two figures of falling on the euro-dollar.

Now that the phenomenon of the exit of money from the Bund, which shows a stable return of around -0.3%, has eased, the euro-dollar has stabilized.

It should be noted that in the last sessions, Wall Street performed very well, so much so that on Friday it updated the historical highs again, while the European stock exchanges seem to have run aground.

The stock of the Old Continent rose because it benefited from the outflow from the Bund which poured onto the EU stock exchanges and the Treasury.

A demonstration of this also comes from the analysis of the volumes in Piazza Affari which have risen sharply compared to a month ago.

However, when the flow from the Bund has stopped, waiting to understand whether temporarily or not, the European stock has underperformed the American one and the volumes have fallen, just think that in Piazza Affari we went from 2.8 to 2, 2 billion in value.



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