ECB's Schnabel: Tightening to Continue Despite Iran Ceasefire

GOOGL shares closed at $343.56, trading below its 20-day moving average of $345.45 and showing notable weakness relative to its 50-day average of $355.67. The RSI at 40.3 is approaching oversold territory, while the MACD line remains below the signal line in negative territory, confirming weak momentum. The ECB's tightening signals could tighten global liquidity conditions, potentially pressuring growth stocks. In the near term, technical weakness and macroeconomic uncertainty increase downside risks.

EURUSD is trading at 1.1373, remaining above both the 20-day and 50-day moving averages. The RSI is at 55, indicating a neutral zone, while the MACD shows slight bullish momentum above its signal line. The ECB's tightening signals could support the euro, but a potential Iran ceasefire may reduce geopolitical risks and strengthen the USD. In the short term, these opposing forces could balance each other out, leaving direction uncertain.

The DAX index may follow a sideways trajectory in the short term. The RSI at 57 is neither in overbought nor oversold territory, while the MACD is above its signal line, showing a positive outlook. However, the ECB's tightening signal could keep interest rate hike expectations alive despite geopolitical ceasefires, potentially limiting risk appetite. Although the price is above both the 20-day and 50-day moving averages, there is a notable lack of momentum at these levels. Therefore, it is difficult to determine a clear direction in the short term, and clearer signals should be awaited.

Although the CAC index closed up 1.1% at the 8,428 level, the European Central Bank's tightening signal could limit upward movement in the near term. The RSI stands at 58.8, indicating neutral territory, while the MACD shows a positive outlook above its signal line. The price is trading above the 20-day and 50-day moving averages, which is technically supportive. However, the central bank's hawkish stance and geopolitical uncertainties may cause the index to consolidate at current levels.