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 18.04.2017
Yesterday, the UK pre-election information was announced at the beginning of June. Investors have been surprised by this information, which has led to strengthening of the pound sterling and a decline in equity markets. The DAX index fell 0.9% yesterday, the S&P 500 ended the session 0.29% negative, and today the Japanese Nikkei index was virtually zero with a score of 0.07%.
DAX index has fallen to important support around 12,000 points. Today we can observe a small rebound after yesterday’s strong decline.
DAX Intraday
The DAX index after opening of the futures market rebounded from the support level at around 12,000 points, and a 15 minute hammer formation appeared on the 15 minute chart. Breaking today’s maxima near 12030 points will let move to the pivot point around 12055 points, then R1 12150 points.
Key data for the DAX index
11:00 – Consumer inflation CPI in the euro area
