Monday on world stocks started with losses in Asia. Both Chinese Shanghai Composite and Japanese NIKKEI225 ended day with drops. In Europe and US there was no nervous atmosphere and poor macroeconomic data contributed to low volatility on the markets. Currently everyone is waiting for Thursday when there will be FOMC decision.

Although the most important world indices ended with decreases (S&P500 -0,41%, NASDAQ -0,34%; FTSE100 -0,54%, CAC -0,67%) but German DAX broke up and gained 0,08%. The other German indices: TECDAX +0,26%, SDAX -0,74%; MDAX -0,58%. 16 of DAX30 companies decreased, the most RWE (-2,88%). The biggest gain had Infineon (+1,73%).

On the futures chart nothing changed. Flat flag which happened after August drops suggests continuation of decreases. In the next few days it is possible that there will be move within the flag with range 10050-10600. On the daily chart we can see that last gains stopped at fibo 38,2%. It is the smallest retracement and it means that bulls aren’t very strong right now.

2015-09-15_podsumowanie_sesji_PN_DAX_D11-1024x652
DAX D1
2015-09-15_podsumowanie_sesji_PN_FDAX_H4-1024x647
DAX futures H4

Error, group does not exist! Check your syntax! (ID: 3)