FXEMPIRE
All
Ad
Advertisement
Advertisement
Colin First
Add to Bookmarks
DAX Tuesday

The DAX index moved lower during the course of the day yesterday though there were not much drivers in the form of fundamentals or economic data. We have been cautioning our traders about the weakness in the index over the past few days and it again came to the forefront yesterday. The traders need to be wary of this volatility.

DAX Corrects Lower

The risk sentiment took a dip yesterday but not much can be read into that considering the fact that the US stock markets were not running on account of a bank holiday in the US yesterday. The fall in risk sentiment led the DAX lower during the course of trading yesterday and the index fell from above the 12500 region towards the 12300 region during this period and it ended the day just above that region.

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

DAX Hourly

It is likely that the DAX would start the day today on the backfoot as well as they do not have much global cues to fall back upon. The uncertainty over the QE and its tapering has been hanging over the index and this is likely to keep the markets under pressure during the short and medium term as well and thats why we have been insisting that any kind of bounce in the index is likely to be met with a lot of selling as it is unlikely to draw in buyers and it is only likely that it will provide an opportunity for the traders, who already have positions, to get out of it.

Looking ahead to the rest of the day, we do not have any major news from the Eurozone or Germany for the rest of the day and hence we can safely say that the index could continue to consolidate in a bearish manner for the day. This is likely to keep the index under pressure for today and it remains to be seen whether the reopening of the US markets after the long weekend would have a positive impact.

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker