DAX is one of the most popular indexes in the world. It is listed on Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.
Session Summary 31.03.2017
Week on stock market ended in good spirits. Markets continue to believe in US tax changes and European Central Bank has reassured that it is not going to quit loose monetary policy and will not raise rates until the end of the QE program.
Since morning markets are trying to cross 12,400 level. This is not only the closest level of resistance, but also historical high on the DAX index. Breaking this level is the key to further growth.
DAX Intraday
After opening the futures market DAX index broke resistance level around 12365 pts. and is heading for 12400 points and R2 12415 pt.
Key data for the DAX index
09:55 – PMI Index for industry in Germany
10:00 – PMI index for industry in the euro area
11:00 – PPI inflation in the euro area
