{"id":101772,"date":"2017-02-06T06:23:03","date_gmt":"2017-02-06T11:23:03","guid":{"rendered":"http:\/\/countingpips.com\/?p=101772"},"modified":"2017-02-06T06:23:03","modified_gmt":"2017-02-06T11:23:03","slug":"eu50-index-technical-analysis-us-may-become-competitor-of-eu","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/02\/eu50-index-technical-analysis-us-may-become-competitor-of-eu\/","title":{"rendered":"EU50 index: Technical Analysis – US may become competitor of EU"},"content":{"rendered":"
February 6, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

US may become competitor of EU<\/strong><\/p>\n

The pan-European EU Stocks 50 index stopped rising after the protectionist claims by US president Donald Trump. The US economy may become the competitor to the European. Will EU50 index<\/a> edge lower?<\/p>\n

Investors expect total earnings of the companies in the index to have risen more than 10% in Q4 2016. The EU50 index is traded with \u0420\/\u0415 ratio of 21.6. This is high enough to make the index highly sensitive to the earnings data. The European economic indicators look quite positive but may curb the ECB freedom in monetary stimulus. Mario Draghi will speak in Brussels on Monday where he may address economic issues.<\/p>\n

\"EU50\"<\/p>\n

On the daily chart EU50: D1<\/b> is slightly correcting down having hit a 13-month high last week. Its further decline is possible in case the negative economic data come out in Eurozone and in case of further protectionist policy in the US.<\/p>\n