On Monday in the center of investors’ attention was pound and oil. It seemed like deal with David Cameron was enough to put away Brexit but it didn’t happened. The mayor of London decided to start campaign for British exit from EU. As a result GBPUSD deepened 6-year low on Monday. Oil was acting totally opposite, both Brent and Crude gained almost 5% after news about try of building consensus between oil producers.
Since the first minutes of Monday’s session EURUSD was falling and S&P500 futures were gaining. DAX doesn’t need anything more to appreciate what we saw many times before.
All major global indices gained yesterday. Japanese NIKKEI225 +0.90%, French CAC40 +1.79%, German DAX +1.98%, even English FTSE100 +1.47% despite Brexit problems. 28 out of 30 DAX companies gained, the most RWE +5.63%, E.ON +5.30%, ThyssenKrupp +4.82%, VW +4.21%. Slight decreases less than 0.5% of Lufthansa and Adidas.
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After Monday’s session we should take a look at situation on S&P500. Although on Monday index was gaining but 1,950 pts are is a key level and it was not broken. Similarly on DAX real breakthrough in medium term will be breaking of 9,910 pts. Supports on DAX future: 9,450 pts, 9,300 pts. Resistances: 9,600 pts, 9,680 pts, 9,770 pts.
