The AEX rate continues to climb carefully and has since returned to 913 points. This means that the all-time high of 952 points is far removed, but the momentum is becoming a bit more positive again.
Why is the AEX course increasing today?
The AEX price is probably rising today, because there is some optimism about the trade war.
On August 1, the deadlines for the tax break that Trump set. For a long time there was a fear for a world with towering rates as a result, but now more and more good news is seeping.
The United States already managed to close deals with Japan and China, but now there also seems to be a shot in the case. A few days ago the story was that the negotiations were difficult.
In the meantime, Europe and the US seem to agree on a tax of 15 percent. This creates more certainty and that is often good for the stock exchange. Of course it would have been nice if the levy had fallen lower, but this is simply the new reality.
AEX at an important support point
On the weekly graph we see that there is an important period for the AEX. If it succeeds in staying above his 50-week price average, then that would in principle mean that the Bullrun can be continued.
Of course the technical picture does not say everything about a financial asset, but the same of course applies to the fundamental picture. The macro-economic news also does not tell us everything.
That is why it is always useful to use a combination of factors, and they seem to point to a stronger period of the AEX for the time being.
Source: https://newsbit.nl/opnieuw-lichte-stijging-voor-aex-na-positief-nieuws-over-handelsoorlog/
