DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is very high volatility which gives a lot of trading opportunity
Summary session 11/23/2016
On the stock markets there is optimism. US indices are at historical highs and the DAX close to their recent highs. The December rate hike seems to be already a foregone conclusion, the market estimated it at 100% and seems to care no more about it..
DAX index still is hovering around 10,700 points. and only a clear overcome of the resistance of 10750 points should give powerful impetus to growth
DAX Intraday
DAX at the beginning of the session broke the level of the pivot point and the resistance in the vicinity of 10700 pts., Which should open the way to the next resistance R1 in the vicinity of 10750 points.
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Key data for DAX
10:00 – institute Ifo index