DAX is one of the most popular indices in the world. It is noted on the Frankfurt Stock Exchange. Every day there is a very high volatility which gives many trading opportunities.

Summary session 10/18/2016

After yesterday’s weak data from the US, today from the morning green colour dominates on the stock exchanges in Europe. Poor data means that even for a while  interest rate hikes in the US can be postponed.

More technical analysis from Admiral Markets

On Monday DAX defended the level of support at around 10550 – 10500 pts, which suggest upward movement in the coming days.


DAX Intraday

Let’s see how the situation looks on the intraday chart M15. Exchange rate broke through the resistance level R1 in the area of 10550 points and is moving toward R2 close to 10620 points.


Key data for DAX

14:30 – Consumer inflation in the US

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