MoneyFlow: Caution in Asia, US futures skimp. Growth in EU PreMarket and Start in green.

Futures in the US and Europe are trading higher, with European index futures extending their advance in premarket trading.
Resilience in Europe after a negative Asian session, where most indices retreated, with the exception of China’s markets, which rose, supported by another helping of government support from Beijing.
-Global market sentiment is becoming increasingly cautious, with the SP500 posting its biggest drop since January on Friday and Iran’s attacks on Israel over the weekend adding to geopolitical tensions.
-The -Dollar remains steady, with the DXY trading in a tight range early in the week, holding successfully above the 105.75 level – the highest level for 2024.
-Petrol is retreating despite increased risk in the Middle East. Gold is also retreating today – an atypical market reaction in light of escalating conflicts.
-Commodities and mining stocks in focus today, with aluminum and nickel rising after another batch of sanctions on Russia

ON FOCUS TODAY:
-12:00 EU Industrial Production
-13:00ч. – Speech by Lane /ECB/
-15:30ч. – US Retail Sales and NY Manufacturing Index
-17:00ч. – US Business Inventories

European PreMarket Overlook:
-Futures in Europe are extending their advance in premarket trade, setting traders up for a profit-taking open after a negative week that dragged the DAX to a psychological 18,000 and the French CAC to 8,000.
The greatest resilience in Europe is being shown by the UK’s FTSE, which is trading near a multi-month high in a bid to break above the 8,000 level.

Ahead of the start of the trading session, futures are rising as:
DAX is up 0.55%
CAC is up 0.29%
FTSE is up 0.34%
EuroStoxx 50 is up 0.47%

Despite the positive outlook in the premarket in Europe, the technical picture shows residual potential for corrective momentum to develop. Also, increased caution in global markets will be a headwind to more serious index gains, with traders in Defense mode.

DAX FUTURES – DAILY CHART

• DAX futures are currently retesting the breakout of the main support line of the Long Trend channel.
  -Failure to break above the 18,075 levels today will increase sell pressure as a break and close below the 18,000 levels over the next few sessions will pull the trigger on a deeper correction to the 17,700 – 17,650 levels

Alternatively:

Тrading could remain in a tight range between the 18,100 and 18,000 levels over the next few sessions as we enter the Q1 earning season, which could support the markets.

FOREX MARKET – DAILY HEATMAP
Strong: AUD, EUR and GBP
Weak: JPY and CHF