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GER30-DAX

DAX ''German Index'' ABOUT TO RISE AGAIN The German economy had a respectable begin to the second quarter however its development pace is prone to moderate over the span of the three months from April to June, the economy service said today. Europe's biggest economy was on a strong development path, the service said in its month to month report, yet the outside environment stayed intense and was just continuously moving forward. It said private utilization remained the most vital driver of development. "After the positive begin to 2016, German monetary development is liable to moderate to some degree in the second quarter, not slightest in light of the fact that the spring recuperation in development is liable to be less proclaimed than regular after the gentle winter," the service included. The German economy extended by 0.7% in the primary quarter, with solid private utilization, higher development speculation and expanded state spending on displaced people(Refugee) more than counterbalancing a dunk in remote exchange. Germany's Finance minister, Wolfgang Schäuble, has hammered the entryway on Britain holding access to the single business sector on the off chance that it votes to the leave the European Union. In a meeting in a Brexit-themed issue of German week by week Der Spiegel, the compelling veteran legislator discounted the likelihood of the UK taking after a Swiss or Norwegian model that would permit it to appreciate the advantages of the single business sector without being an EU part. Schäuble told Der Spiegel :"That won't work,"It would require the nation to submit to the principles of a club from which it as of now needs to pull back. On the off chance that the larger part in Britain picks Brexit, that would be a ruling against the single business sector. In will be in. Out will be out. One needs to regard the power of the British individuals."
FX:GER30Long
by DR.
1
Exciting Day(s) Ahead !!! - Price has been trading in the range. just below 1000 mark for few days. Previous 3 attempts have been rejected categorically. (2spikes) Bears have not yet made a lower low. ( HH, HC) - Marked in blue. With Month End approaching and number of News lined up, the we may see a clearer picture soon. IF price breaks and closes above 10000 mark, it will look to touch 10400 level. IF price fails to make a bullish high, it could continue on with the trading range play for longer. Will keep an eye for setups in lower time-frame on this one.
FX:GER30
by Neel_K
2
DAX Two Possible Sell SetupsDAX is in a corrective structure moving up and has reached the 0.5 fib level of a major impulsive move. Price has tested a couple of time this level and looks like is dropping at the moment. Meanwhile looking in MACD we see a divergence which tells us that this up move is losing steam. Keep a closer eye for price to break to the down this structure, wait for a smaller correction or any other sell signal (depending your strategy) and go short. Another scenario would be price to bounce from the lower trenline make another wave up, test the 0.618 fib level and start its sell off.
FX:GER30Short
by Fxprotrader