The German index fell on Monday, testing the €11,500 level. That’s an area that should be rather supportive. We have gapped above here previously, so it suggests that the buyers should return. A supportive candle is reason enough to go long, and I believe that we will then reach towards the €12,000 level. Even if we do break down a bit, I think there is a massive amount of support extending all the way down to the €11,400 level underneath. With this, I remain very bullish of the DAX, and look at this pullback as potential value that I can take advantage of.
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DAX Index Daily Fundamental Forecast – April 27, 2017
As we had mentioned in our forecast yesterday, it is a time for consolidation and ranging in the DAX index as the stock market look for direction as we near the end of the month. Yesterday, the index started cautiously as there were rumors about what the new tax plan, that was expected to be … Continue reading DAX Index Daily Fundamental Forecast – April 27, 2017
DAX Index Forecast April 27, 2017, Technical Analysis
The DAX Index initially fell during the day on Wednesday but turned around to form a very supportive candle. Because of this, I think that were going to try to make a breakout above the €12,500 level, and continue to go much higher. If we do, I feel that the next target will of course … Continue reading DAX Index Forecast April 27, 2017, Technical Analysis
European Stocks Consolidate Ahead of ECB Meeting
European stock markets are mostly slightly down. The CAC 40 is the notable exception and managing to hold on to a 0.10% gain, but the DAX has lost -0.05% and the FTSE 100 is down -0.10%, although in particularly the DAX remains at very high levels. Italian and Spanish markets are underperforming ahead of tomorrow’s … Continue reading European Stocks Consolidate Ahead of ECB Meeting
DAX Index Daily Fundamental Forecast – April 26, 2017
We had mentioned in our forecasts at the beginning of the week that the French election results at the beginning of the week could be the trigger for the DAX to finally break through the range highs and head further north and that has happened over the past couple of days as the index broke … Continue reading DAX Index Daily Fundamental Forecast – April 26, 2017
DAX Index Forecast April 26, 2017, Technical Analysis
The DAX Index initially rallied on Tuesday but ran into quite a bit of trouble at the €12,500 level. This is a large, psychologically important number, so I think that sellers may enter the market and try to push the DAX lower to fill the gap. Because of this, I anticipate some softness over the … Continue reading DAX Index Forecast April 26, 2017, Technical Analysis
Stocks Consolidate Gains as Euro Continues to Climb
The global stock market rally, sparked by Macron’s advance towards becoming the next French President, started to run out of steam during the European session. The DAX surged to new record highs Monday and remains above 12,400, as the focus turns to the ECB meeting on Thursday. The FTSE 100, which underperformed Monday, is outperforming … Continue reading Stocks Consolidate Gains as Euro Continues to Climb
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The Big Investment of Stephen Curry
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How Do Oil Prices Affect Your Wallet?
It is important for everyone to keep an eye on the live oil prices as it affects a large part of our life on a day to day basis. One of the main reasons for this fact is that unlike other commodities like gold, silver, diamond etc., oil is an essential commodity and considering its … Continue reading How Do Oil Prices Affect Your Wallet?
How do You Like Your Coffee?
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7 Reasons Why Women Trade Better Than Men
A hotly debated subject, particularly when considering the ratio of men to women on the trading floor and the investment banking’s attitude towards women, despite the best efforts of banks to create diversity and equality in the workplace. For the fewer women that are on the trading floors globally, there are certain attributes that bring … Continue reading 7 Reasons Why Women Trade Better Than Men
How Does a Country’s Gold Reserve Affect its Economy?
Last month I watched one of James Bond’s movies called ‘Golden Finger’, which was produced in 1964. The story was about a villain who wanted to contaminate the US gold reserve in Fort Knox, his notion was to save gold bullions that will eventually multiply its price. As I was watching this movie, I wondered about the … Continue reading How Does a Country’s Gold Reserve Affect its Economy?
Economic Bubble – The History, The Reasons and The Future
The Bubble History No bubbles, no troubles used to be a phrase used to describe the effects of carbonated drinks, but has since evolved to simply mean ‘no troubles.’ Perhaps quite apt when considering the global markets and the evolution and impact of bubbles on global markets, economies and investor capital. There’s been plenty of … Continue reading Economic Bubble – The History, The Reasons and The Future