DAX Index Fundamental Analysis – week of December 18, 2017

DAX continues in tight range, something that it has been doing over the past few weeks
Colin First
DAX Weekly
DAX Weekly

The DAX index traded in a tight range and this is what we have been saying in many of our forecasts over the last few weeks. The index seems to be caught in a tight range and with the absence of any major fundamentals that could shift the markets, the index seems to be just content to chop around doing nothing much and this is likely to last for the next couple of weeks as well.

DAX Index Continues in Range

The fact that this happened in a week when there was the ECB rate announcement, statement and the press conference should be a massive sign that the index is not in a mood to go anywhere in a hurry just as yet. The ECB sounded a bit dovish in their statement as they improved their growth forecasts for the forthcoming months but also kept the QE at the current levels till September 2018. This was a mixture of good and bad news for the DAX and it showed.

DAX Daily

This mix led to some choppy trading which saw the index move up by around 100 points and then drop again by the same amount and end up basically going nowhere. Even the rise in the US equities late on Friday following the good news around the tax reform bill, did little to shake off the traders in the DAX from their slumber and it closed the week within the range of the last few weeks.

This points to further dull trading in the following couple of weeks as we head towards the end of the year when most of the traders around the world go on their holidays and this leads to a drying up of the liquidity. There is also not much in the following week by way of major economic events and so we can safely expect the consolidation and ranging to continue for the coming week.

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