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 03.04.2017
The stock market yesterday was quite nervous which was related to yesterday’s attack in Russia. Today the most important event will be the speech of ECB boss Mario Draghi. Yesterday, the DAX index fell 0.45%, the S&P 500 posted a slight decline of 0.16%, and today Nikkei closed 0.91% in the morning.
The DAX index is closed between 12200 support level and resistance of 12400 points, which is also a historical high. Only breaking this area will make it move strongly up.
DAX Intraday
The DAX index from the morning consolidates below the pivot point around 12290 pts. Breaking this level will move DAX towards R1 near 12370 points. In turn, descent below today’s minima around 12230 points will open the way to the round level of 12200 points.
Key data for the DAX index
11:00 – Retail sales in Germany
15:00 – Public Speech of the Head of ECB (Mario Draghi)
