DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually daily there is a very large volatility that gives many trading opportunities.
Summary of the session 01/02/2018
February started poorly for holders of German shares, the DAX index lost 1.47% at the close, the biggest drop since November 9, when the exchange rate was “busted” from the historic peak at 13,500 and fell a few days in a row. The DAX Volatility index, which measures the implied volatility of the option, is at its highest level since August last year.
Among the components of the DAX index, the best result was recorded by Commerzbank AG, which gained only 0.44% and Volkswagen increased by 0.33%. The worst performers of Fresenius fell by as much as 4.80%.
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DAX Intraday
The range of yesterday’s daily candle was up to 350 points, the quotations reached furthest point of support S3, staying there until the end of the session. The largest turnover was generated in the afternoon session phase around 13,000 points, a good reference for today’s session.
After 9:00 the market records session lows and the first support point is at 12,830 points. Today, monthly data from the US NFP labor market will be published so extra volatility is expected.
