Yesterday all people waited for April FOMC meeting minutes. DAX ended session before that and investors were really careful yesterday. Bulls were helped by EURUSD weakening. Eurodollar is right now close to 2-months lows what helped getting back above 9,900 pts. Let’s go back to minutes. Part of members wanted to rise rates already in April and they were confident about June hike “if economic conditions will be good”. SP500 ended close to zero.

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On DAX futures there is still move between 9,820 pts and 10,100 pts.

2016-05-19_podsumowanie_sesji_SR_FDAX_H1

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Author of worldtrader.pl blog and big supporter of technical analysis. Active medium-term trader. In his analysis uses classical charts, price action as well as harmonic patterns and Elliott Waves. In trading he always tries to take into account two points of market's view, in accordance with the principle that each transaction may be attractive both for the demand and supply traders.