Kickstarting the year with momentum: Q2 stabilization!
In the weekly HSBC Daily Trading podcast, Jörg Scherer, the senior technical analyst at HSBC, provides insights on various topics in the financial market. Recently, he focused on the Euro Stoxx 50 index in a new episode.
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The discussion in the latest HSBC Daily Trading podcast centered around the Euro Stoxx 50 index, which has shown signs of stabilization at the start of the year. Jörg Scherer, the senior technical analyst, suggested a Q-Consolidation period for the index, as evident from the chart-check. With this period, he anticipates a more dynamic performance for the index in the coming quarters, potentially influencing the Euro's exchange rate.
