DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives ample of trading opportunity.
Summary of session 02.01.2017
March began in a great mood. The reason is yesterday’s speech of Donald Trump in front of the US Congress. Although we didn’t learn anything new and were repeated known plans or investments in infrastructure, tax changes and so on. But it was enough to return the good mood.
DAX Index rose almost 2%, the S&P 500 1.37%, and this morning the Nikkei ended the session +0.93%
DAX broke at the end a significant resistance level at around 12,000 points. and is now heading towards 12,200 points.
DAX Intraday
Breaking the level of 12100 points., yesterday’s highs, will move the index towards the resistance level at around 12160 points. Turning back to level of 12050 points probably would negate the upside scenario and open the way to the round level of 12,000 points.
Key data for DAX
11:00 – PPI and CPI in the euro area
