DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually daily there is a very large volatility that gives many trading opportunities.
Summary of the session 18/04/2018
The middle session of the week turned out to be very calm, the DAX fluctuated between 12,650 and 12,550, closing at a symbolic increase of 0.04%. The geopolitical risk has taken a backseat. FED member Kaplan said that in 2018 we are only waiting for two rate hikes due to the slowdown in the US economy in the coming years. Among the components of the DAX index, the best result was recorded by RWE, which gained 2.89% and Deutsche Post increased by 1.48%. The worst result was on Continental by – 4.05%, and Commerzbank was below 1.73%.
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The opening of the session over 12 600 points has so far met with a harsher reaction of supply, where the daily Pivot also runs. Yesterday’s stronger move to the south may be continued today, especially in the case of breaking 12,550.