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Spain 35SS

Spain 35

14,139.8EURR
−81.1−0.57%
Last update at Jun 3, 17:59 GMT
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ESPIXEUR trade ideas

Testing support as the Catalan saga continues10,000 is a support zone: - Broken trend line (resistance should turn to support) - 50 MA line - Psychological level 10,500 is resistance Bullish scenario - IBEX will climb to 11,000 if it will hold above 10,000 and break above 10,500 Bearish - In case that 10,000 will break, IBEX will slide back into its downtrend zone and continue towards 9000 Read more about IBEX, EURUSD, DXY, SPX, GBPUSD and Bitcoin in this week's newsetter (#WeeklyMarketsAnalysis)
TVC:IBEX35
by themarketzone
IBEX 35: Buy On Bad NewsThe Spanish economy is the fifth-largest in Europe behind Germany, United Kingdom, Italy and France; and the fourth-largest in the Eurozone, based on nominal GDP statistics. In 2012, Spain was the twelfth-largest exporter in the world and the sixteenth-largest importer. Following the financial crisis of 2007–08, the Spanish economy's plunged into recession, entering a cycle of negative macroeconomic performance. Compared to the EU's and US. average, the Spanish economy entered recession later (the economy was still growing by 2008), but stayed there for longer. The economic boom of the 2000s was reversed, leaving over a quarter of Spain's workforce unemployed by 2012. In aggregated terms, the Spanish GDP contracted by almost 9% during the 2009-2013 period. In 2015 the Spanish GDP grew by 3.2%, a rate not seen since 2007, before the crisis struck; such growth rate was the highest among larger EU economies that year. In just two years (2014-2015) the Spanish economy had recovered 85% of the GDP lost during the 2009-2013 recession, which got some international analysts to refer to Spain's current recovery as "the showcase for structural reform efforts". Strong GDP growth was registered also in 2016, with the country growing twice as fast as the eurozone average. In this regard, the Spanish economy is forecast to remain the best-performing major economy in the Eurozone also in 2017 Source: en.wikipedia.org Cls: The IBEX-35 is showing a multi year triangle pattern. Even the political tensions based on the Catalan Independece Referndum en.wikipedia.org is threatening short or medium term economic growth in Spain the IBEX35 should rise further and gaining momentum to the upside. First Longterm Target is 16.000 points.
BLong
by SwissView
1