DAX is one of the most popular indexes in the world. It is listed on Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.


Session Summary 26.04.2017

After yesterday’s slight correction related to profit taking, today we can return to growth. All of course will depend on today’s ECB meeting. While no change in monetary policy parameters is expected, but even more hawkish rhetoric can spoil moods, and vice versa. Yesterday, the DAX closed at a very similar level to yesterday’s level of + 0.05%. On Wall Street session was also fairly flat and the S&P500 closed slightly down by -0.05%. Today the Nikkei lost -0.19% in the morning and BoJ’s meeting did not bring any surprises.

DAX index is staying above 12400 points, which is currently a level of support. After a little correction today we can return to growth if ECB will not surprise.

DAX Intraday

DAX index is moving up after opening of the futures market. The course broke pivot point around 12440 points and is heading towards resistance at R1 near 12460 points. Breaking R1 will open the way to R2 around 12500 points. In turn, descending below the pivot point may cause move to S1 support near 12400 points.

Key data for the DAX index

13:45 – ECB decision on interest rates
14:00 – Consumer inflation, ad. in Germany
14:30 – Press conference after the ECB meeting

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