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 03/05/2018

While Polish investors were resting and there was no trading session on the WSE (GPW), the main markets traded and the DAX lost 0.88%, the first corrective session after four consecutive days of increases. On Thursday, the lower CPI data surprised (0.7% vs. 1%), the persistence of low inflation may extend the normalization process of the ECB’s monetary policy.

Today, the financial results will be published by the two largest components in the DAX index, namely BASF (expected 1.92 Eur EPS) and Bayer (2.08 EPS). On top of that, we’ll get the results from the BMW.

Naga Markets is an investment company licensed by CySEC, offering access to SwipeStox, a  social app for traders, where they can share their trading ideas about Forex, stock indices and CFD’s thanks to simple professional investors’ transaction mirroring.

Check the SwipeStox offer right now!


 DAX Intraday

DAX adjusted 61.8% of increases from the Wednesday’s first session of the month and stopped at around 12,700 points, this was all that the sellers were able to reach on Thursday. Today, the session starts around the directional point at 12,750, and the mile stones for today support 12,680 and local resistance 12,815.

It should be noted that the 200-session average was broken (closing the week above 12,700 would be the confirmation) and the way to 12-900-13000 is still open.

Error, group does not exist! Check your syntax! (ID: 3)