DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.
Session Summary 13.07.2017
Yesterday sentiment was good in the stock markets. For better moods responds Janet Yellen, who presented the inflation report in front of the House of Representatives on Wednesday, and the Senate yesterday. Investors in the United States and in Europe have received Chair of the Federal Reserve as dovish. Yellen reiterated yesterday that the Fed plans to reduce its balance sheet balance in a “slow and gradual” way. In the same way interest rate hikes are to be made.
Today morning Nikkei ended the day with 0.01%. Yesterday the S&P 500 closed the session in positive 0.19%. DAX also ended the day with a positive result of 0.12%. The German index was established on 20 June this year historical maxima around 12951 pts. However, he has not been able to stay on this level for too long. However, after a strong downward correction, which ended slightly below 12400 points, the index managed to recover above the resistance level of around 12600 points, which opened the way to 12800 points.
The DAX index after the opening of the futures market is trading around the pivot point around 12650 points. A descent below this level will open the way to S1 near 12620 points. In turn, the pivot point defense will move towards R1 at around 12680 points.
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