The AEX Koers shot to an all-time high of more than 963 points yesterday. Today we see the course falling back. The bulls probably have to catch your breath after yesterday’s race explosion.
Technical picture AEX Sterk
Based on the technical picture, the AEX just seems to have started its new outbreak. The momentum is very strong, which we also see from the Relative Strength Index (RSI, below). Now it is hoped that the bulls can hold on to that.
However, it would not be strange if the market took a break today. We seem to see the same thing in gold, and the Bitcoin course also seems to relax around 120,000 dollars.
Even in bull markets, the prices do not go up in one straight line.
Strange week in the United States
Apart from the strong courses on the financial market, it is a special week in the United States. There is now a Government Shutdown, which means that the Senate could not agree on the budget.
As a result, many government agencies are closed and this week we will not receive important labor market figures from the Bureau of Labor Statistics (BLS).
As a result, the data of the Chicago Federal Reserve is the best approach to the situation. They estimate that unemployment remains at 4.3 percent in the United States, but that there is an upward risk.
With this, Goolsbee and his Chicago Fed argue in any case for a scenario with multiple interest rates in 2025, which is in principle positive for the AEX and other risk -investments.
Certainly if it later turns out that the American economy was stronger than expected at the moment, which cannot be excluded.
Source: https://newsbit.nl/aex-op-all-time-high-maar-bulls-twijfelen/
