DAX Index Daily Price Forecast – DAX to Move Flat Near Tuesday’s Lows Over Mixed Influence From Global Equity Markets

Mixed cues from global equity markets likely to inspire dovish equity momentum in German market.
Colin First

Germany equities were mixed at the close on Tuesday, as gains in the Food & Beverages, Software and Basic Resources sectors propelled shares higher while losses in the Retail, Chemicals and Industrials sectors led shares lower. At the close in Frankfurt, the DAX rose 0.25%, while the MDAX index lost 0.31%, and the TecDAX index added 0.81%. Declining stocks outnumbered rising ones by 389 to 306 and 81 ended unchanged on the Frankfurt Stock Exchange. The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 16.85 after market closed yesterday. Brussels seems to have made some headway in brexit negotiations which could have some positive influence during today’s market hours but is highly unlikely to cause major change in price action.

German Equities Likely To Move Downtrend On Dovish Investor Sentiment in Local Market

Asian shares barely moved on Wednesday after world stocks hit eight-week lows the previous day on worries about global economic growth, although the British pound stayed firm on hopes for a Brexit deal. As uncertainty continues to prevail in financial markets across the world, many investors are staying on the sidelines until more clarity emerges in U.S. Treasury and Chinese markets. Wall street saw mixed outcome with two of three major indices closing in red as US treasury yields retreated post hitting new highs. Analysts believe comments on Tuesday by U.S. President Donald Trump helped cool Treasuries yields. He said the Federal Reserve was going too fast in raising rates when inflation was minimal and government data pointed to a strong economy.

With major Asian indices taking mixed stance ahead of European market hours, Euro trading positive across Asian market hours, risk appetite remains relatively active among global investors. However DAX futures trading in international market has shown a slightly bearish tendency across Asian hours as the instrument traded with 0.04% to 0.12% decrease in value ahead of Frankfurt market opening indicating dovish sentiment surrounding German equities. DAX closed near flat and moved range bound during yesterday’s market hours. DAX is expected to open dovish and move on steady bearish path near yesterday’s lows during today’s early European market hours.

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US