|Day's range||11,498.69 - 11,617.28|
|52-week range||11,459.08 - 13,596.89|
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
FOMC Minutes from yesterday helped the USD to climb higher. That also negatively influenced stocks and commodities. The current price movements are in line with what we were writing about two days ago in the analysis about the USDJPY and DAX. Let’s start with the USDJPY first. The bounce from the long-term up trendline is ON and yesterday, the price managed to break the 50% Fibo, which gives us a buy signal. Today, we are testing that area as a support and we can see a bounce, which gives us a bullish confirmation.
DAX futures trading in international market was trading positive ahead of Asian market hours supporting positive price action in DAX index.
BANGKOK (AP) — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade.
Last week, DAX broke the long-term neckline of the major head and shoulders pattern. This week starts with a pull-back, which is nothing surprising as this is a typical price action movement. Any bearish price action there will give us a legitimate signal to go short.
Geo-political events could drag DAX to side ways movement which is otherwise supported fundamentally and could continue positive price action.
Boost in German Government Bonds & Hawkish Futures Movement In International Market Helped DAX Take Positive Stance
The decline of stocks is probably the most important event in the financial markets. Dax, the most important German index made a choice last week and broke the neckline of the giant Head and Shoulders pattern. Last week, price broke the lower line of the wedge and the neckline (yellow), which is a very technical sign of a bearish dominance.
DAX futures in international market indicates that DAX index is going to trade positive supported by bullish cues from overseas markets.
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.
Multiple factors across major global markets result in all key equity markets taking bearish tone resulting in DAX being influenced by bearish cues from allied markets and dovish local investor sentiment.
Asian markets were broadly lower on Thursday after Wall Street slumped on a heavy selling of technology and internet stocks. Markets in Hong Kong, South Korea, Australia and Southeast Asia recorded similar declines. Investors are wary of possible further U.S. interest rate hikes.
Mixed cues from global equity markets likely to inspire dovish equity momentum in German market.
DAX is expected to move range bound during today’s market hours as global allied markets have taken bearish stance.
NEW YORK (AP) — In a story Oct. 5 about the financial markets, The Associated Press misidentified Katie Nixon of Northern Trust Wealth Management. She is chief investment officer, not chief investment strategist.
SINGAPORE (AP) — Asian markets are mixed after the IMF downgraded its economic outlook, citing rising interest rates and mounting tensions over trade.
Asian markets are mostly lower on jitters over the simmering U.S. trade dispute with China. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.8 percent to 24,088.63. Hong Kong's Hang Seng fell 0.4 percent ...
German DAX index to move with positive tone supported by positive influence from oversea markets.
SINGAPORE (AP) — Asian markets rebounded on Friday as strong U.S. economic data supported the Federal Reserve's decision to raise interest rates.
It’s been a quarter of emerging-market turmoil, intra-European bickering and trade war headlines. The nation’s CAC 40 benchmark has gained 3.3 percent this quarter, compared to 0.7 percent for the Euro Stoxx 50 and 0.2 percent for Germany’s DAX. While global concerns have weighed on export-sensitive European markets and especially German companies, more diversified French large-caps have emerged relatively unscathed.
Cautious investor sentiment likely to inspire range bound price action in German equity markets today.
Asian markets were mixed on Thursday after the U.S. Federal Reserve lifted its key interest rate as expected for the third time this year. South Korea's Kospi, which reopened after a national holiday, added 0.5 percent to 2,349.99. WALL STREET: Major U.S. indexes fell after the Fed pushed interest rates higher as expected.