Tag Archives: DAX
DAX ANALYSIS
(6146) The DAX confirmed a strong closing confirmed the positive day reversal. Only a daily closing above 6186 will however confirm higher levels. The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further upside potential.
Market Preview – 10 January 2012
Forex Overnight: EUR trading higher The EUR has advanced against most of the major currencies, this morning, amid optimism ahead of today’s meeting between the German Chancellor, Angela Merkel and the International Monetary Fund’s Managing Director, Christine Lagarde. In remarks following yesterday’s meeting, Merkel and Sarkozy indicated that they have made progress on an agreement […]
DAX ANALYSIS
(6102) The DAX formed yesterday a positive day reversal after a test of the 6000 area where it found good support. The indicators of the daily chart are still well positive and this morning also those of the s/t ones are turning above the line supporting a possible resumption of the move up.
Market Preview – 9 January 2012
Forex Overnight: EUR trading weak The EUR is trading lower against its major counterparts, this morning, with markets keenly awaiting the outcome of the meeting between German and French leaders and the German industrial production data later today. Additionally, reports over the weekend suggesting that the International Monetary Fund was losing confidence in Greece to […]
Market Preview – 6 January 2012
Forex Overnight: EUR trading under pressure The EUR is trading lower against the USD, this morning, amid rising concerns about the European debt crisis, after French bond yields rose at an auction yesterday. Markets are eagerly awaiting the release of Eurozone consumer confidence and U.S. non-farm payrolls data later today. At 6 am, the EUR […]
Market Preview – 5 January 2012
Forex Overnight: EUR trading weak The EUR is trading under pressure against most of the major currencies, this morning, amid rising concerns about the ability of the European governments to refinance their public debt, and ahead of the €8.0 billion French bond auction later today.
Market Preview – 4 January 2012
Forex Overnight: EUR trading under pressure The EUR has weakened against most of the major currencies, this morning, ahead of the German and Portuguese bond auctions worth €5.0 billion and €1.0 billion, respectively, later today. Traders are also keeping an eye on the Eurozone consumer price inflation data slated for release today, which is expected […]
Market Preview – 3 January 2012
Forex Overnight: EUR trading stronger The EUR is trading higher against most key currencies, this morning, as an improvement in manufacturing activity in the major global economies, including China and Germany, boosted risk appetite amongst traders.
DAX above 6000 on better than estimated PMI figures
Final German PMI Manufacturing figures beat estimate The new year is off to a good start as final PMI Manufacturing figures for December in Germany and Italy came out better than expected. Prior to these figures investors also got better than estimated PMI Manufacturing figures from China yesterday.
UK Morning Briefing
Forex Overnight: EUR trading weak The EUR is trading under pressure against the majors, this morning, ahead of a report scheduled for release next week, which is likely to indicate a slowdown in the Eurozone’s manufacturing sector in December. Yesterday’s lacklustre Italian bond auction has continued to weigh on investor sentiment. At 6 am, the […]
UK Morning Briefing
Forex Overnight: EUR trading under pressure The Euro is trading lower against the majors, this morning, amid investor caution, ahead of the Italian long-dated bond auction worth €8.5 billion today. Moreover, a report released by the European Central Bank (ECB) yesterday, indicating that its balance sheet climbed to a record high level, has continued to […]
DAX ANALYSIS
The DAX is still consolidating interior the negative day reversal with 5990 – 5760 still the levels to follow in the coming hours.