DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.
Session Summary 05.04.2017
Yesterday sentiment on the markets was deteriorated by higher oil stocks and lower prices. Nor good data from the US labor market helped. Indexes ended on minus. DAX fell yesterday by 0.53%, S&P 500 by 0.31%, and today Nikkei dipped 1.4%. Today the most important event will be the minutes of the last meeting of the ECB.
DAX index broke support level of 12200 points, which opens the way to a round level12000 points.
DAX Intraday
The DAX Index has turned south. Breaking the current minima around 12120 points and support level 12100 points will open the way to S2 near 12040 points, then 12000 points.
Key data for DAX index
13:30 – ECB meeting minutes
