DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is a very high volatility which gives many trading opportunities.
Summary session 10/27/2016
End of the week started with drops on the Frankfurt Stock Exchange. Investors are waiting today for the GDP data for the United States and the outcome of the presidential election, which is rapidly approaching. In addition, the mood spoils still possible rate hike in the US in December.
Indeks DAX yesterday remained below the level of 10,700 points and today in the morning tries to break the support level of 10600 points.
Let’s see the situation on the intraday chart M15. DAX Index broke the 10,600 level and reached the level of S2 at around 10580 points. Breaking of this level will open the way to S3 close to 10515 points.
Key data for DAX
- 14:00 – Consumer inflation, in Germany
- 14:30 – Gross Domestic Product, in USA