DAX is one of the most popular indices in the world. It is listed on Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives ample of trading opportunity.
Summary of session 03.09.2017
Yesterday’s meeting of the European Central Bank has not produced changes in monetary policy parameters. Raised were, quite conservatively, macroeconomic forecasts for the coming years. Mario Draghi stressed the advantages of threats over chances for the euro area and at the moment there is no reason to end of the bond purchase program.
DAX once again found itself in vicinity of resistance 12000 points. Breaking this level should give a signal to stronger upward movement in the vicinity of 12200 points. Yesterday, the DAX rose 0.09%, the S&P 500 0.08%, and this morning the Japanese Nikkei 1.48%.
DAX Intraday
The index is just above level of 12,000 points. Breaking this area will probably mean an attack on the pivot point 11980 points. In turn, breaking today’s highs around 112 025 points will open the way to resistance R1 in vicinity of 12045 points.
Key data for DAX
14:30 – NFP
