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The stock markets in France and Germany inched higher in the beginning of the week

The stock markets in France and Germany inched higher in the beginning of the week

Information is not investment advice

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Ichimoku Kinko Hyo

NZD/JPY: The NZD/JPY pair is trading slightly below the Tenkan sen level. An upward wave would lead the pair to test the lower level of the Kumo. A failed attempt to move higher will push prices to find support at the Kijun sen level.

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European Market View

The stock markets in France and Germany inched higher in the beginning of the week, while in the U.K. shares dropped. Investors are awaiting the inflation data to be released this week in the U.S.

China’s export growth unexpectedly slowed last month whi8le imports also lost momentum. The rise of exports was 19.3% from a year ago, compared with 32.2% gain in June.

The pandemic of COVID-19 is not coming to an end soon, based on well-known epidemiologists. The main reason is that only a small proportion of the world’s population has been vaccinated.

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