|Day's range||12,366.44 - 12,409.96|
|52-week range||11,726.62 - 13,596.89|
Wall Street capped a milestone-setting week Friday with a mixed finish for the major U.S. stock indexes and the second all-time high in two days for the Dow Jones Industrial Average.
DAX is expected to remain positive today supported by bullish EURO and positive cues from international markets.
One wonders how the Eurozone will achieve higher core inflation if monetary policy slowly tightens and the economic activity slows. Should the Euro appreciate and get back above, say, the 1.20 mark against the greenback, it will be even harder for inflation to accelerate.
Mixed performance in major global markets amid increased risk appetite likely to influence range bound price action in DAX today.
Asian markets were mostly higher on Thursday with narrow trading after news of a fresh round of tariffs by the U.S. on $200 billion in Chinese goods received a muted reaction on Wall Street. KEEPING SCORE: Japan's Nikkei 225 was flat at 23,672.91, ahead of the ruling Liberal Democratic Party's leadership vote. WALL STREET: Major U.S. indexes were mixed on Wednesday as gains by banks and other financial companies balanced out losses elsewhere in the market.
Dax to open flat and move range bound on cues from local and allied international markets.
TOKYO (AP) — Asian shares were mostly higher Wednesday, despite jitters over the escalating trade dispute between the U.S. and China.
DAX is expected to open positive on strong hawkish support in European market and mixed cues from Asian markets.
SINGAPORE (AP) — Asian markets were mixed on Tuesday after President Donald Trump ordered tariffs on $200 billion more in Chinese goods, ramping up tensions between the world's top two economies.
Last week was good for the global indices. Maybe not in the emerging markets but the largest economies enjoyed their ride for sure. In this analysis, we will focus on the DAX, which also made a bounce and it did not happen in a random place.
DAX futures in international market are impacted by ongoing trade war woes in global market resulting in downtrend movement indicating equity market will open on bearish note today.
Positive performance in Asian markets, strong EURO in global forex market and rate hike by central bank in turkey are expected to provide hawkish support to Frankfurt stock exchange on last trading session of the week.
Today is one of the busiest days on the market in terms of the macro events in the past few months. Rates from the BoE, ECB, CPI data from US and job data from Australia. Nice, huh? In our trading, we try to reduce the risk as much as possible. We do that by, for example, not trading during those macro events. That is why, today, we will focus on DAX and WTI but if you like the thrill, here You are, the small part about the EURGBP:
Global equity markets see upward price action as news on possible trade related talks between US & China resulted in return of risk appetite and subdued US dollar in broad market.
Momentum from Brexit headlines are expected to help DAX remain on upside during today’s market hours.
The DAX30 is showing a downtrend pattern with a technical zig-zag. We might see either a retracement to the POC zone 12053-83 or a retracement trend line break. The rejection from the POC or a trend line break should provide a renewed bearish pressure with 11800 and 11656 as targets. The resistance is within the 12147-12150 zone.
DAX to open positive on increase in short term buying activity, but global cues to limit gains resulting in neutral momentum across today’s market hours.
U.S. stock indexes fell Friday after President Donald Trump said he may intensify his trade battle with China. A strong jobs report also pushed investors to gird for higher interest rates. The S&P 500 bounced between modest gains and losses in an up-and-down day, but its most decisive move was downward after Trump said he's ready to impose tariffs on essentially every good that's imported from China.
DAX to continue bearish movement today as well, as equity markets across globe continue to suffer from Sino-U.S. trade war woes.
SINGAPORE (AP) — Asian stocks were mostly lower on Thursday as the U.S. and China moved closer to imposing tariffs on billions of dollars of each other's goods, sounding a call of caution in the markets.
German DAX is expected to continue downtrend movement as global equity markets are currently under a bearish spell and influence bearish movement in allied markets.
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International markets pressure DAX into opening soft as German market is affected by geo-political woes.
DAX futures in international market moves positive ahead of European market hours suggesting positive opening of DAX index today.