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 10.04.2017
Monday’s session ended in rather weak moods, although investors are waiting for the US data performance season to begin. Expected is growth of earnings of companies by 9.5% YoY. Season of results starts on Thursday.
So far, the markets have in mind the attacks in Europe and the American intervention in Syria. DAX Index ended the session with -0.2%. The S&P 500 practically did not change its value, and the session ended on +0.07%. The Nikkei index fell 0.39%.
DAX index fell below support level of 12200 points, which opens the way to a round level of 12000 points.
DAX Intraday
DAX index is just below the support level of S1 at around 12150 points. Breaking this area will open the way to S2 near 12110 points. In turn, breaking above yesterday’s maxima at around 12170 points can push index to 12200 points and a bit higher to the pivot point.
Key data for the DAX index
11:00 – Index of Institute of ZEW
