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 27.04.2017

Yesterday we had another fairly flat session. Mario Draghi at the ECB conference yesterday was not surprising at all. He stated that the risks are balanced and so far no change in monetary policy is being considered. Donald Trump’s proposed change to the tax system also did not provide extra emotions . These changes reportedly would fit on one page and were just a general statement. Experts recall that recently proposed tax reform proposed by President Ronald Reagan was a 500-page document.

DAX yesterday ended the session -0.23%, the S&P 500 +0.06%, and the Nikkei -0.29%

DAX index is staying above 12400 points, which is currently supportive. This is a positive signal that may indicate further investors bull run.

DAX Intraday

Since morning we have quite flat session. There is no data today that could move the market. However, the exit above the pivot point around 12450 points can open way to R1 near 12480 points. In turn falling below support S1 12420 points can bring the course close to 12400 points.

Key data for the DAX index

11:00 – HICP inflation in the euro area – estimates
14:00 – Gross Domestic Product, ad. in USA

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