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 03.05.2017
After a longer than usually weekend it is time to return to the stock exchange. Yesterday, apart from Japan and Poland, all major stock markets were active and Federal Reserve held a meeting. Fed did not surprise, however, and after yesterday’s meeting no conference was scheduled. Investors are counting on a rate hike in June, and the probability of such a move based on futures contracts is now more than 70%. Also, the ADP report did not surprise investors. We are now waiting for the official document on Friday and of course for the final election in France. The second round will take place on Sunday.
DAX index continues to climb up, establishing new historical maxima. Such atmosphere should remain until Sunday. Later we could observe the profit realization, even if the favorite of markets Macron wins.
DAX Intraday
From morning DAX index goes up. It currently broke the R2 level around 12575 points and heads for R3 12610 points.
Key data for DAX
17:30 – Public Speech by the ECB (Mario Draghi)
