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German40

DAX CEEPS CLIMING AMONG UNIMPRESSIVE ECONOMIC DATA European stock markets rallied today amid indications that major central banks might have concluded their tightening cycle. The DAX index in Germany edged up by 0.1%, fueled by growing investor optimism about the European Central Bank's pause on interest rate hikes despite bleak economic data. The Eurozone faces a potential recession in the last quarter of the year, with German factory orders plummeting by 3.7% in October. As consumers grapple with high interest rates and prices, European retail sales are expected to rise marginally by 0.2% on the month, showing an annual drop of 1.1%. ECB's Isabel Schnabel's comments hint at a halt to rate hikes, triggering a decline in the euro against the dollar. Speculation on impending rate cuts has propelled the DAX to record highs. The uncertain market awaits the Fed's meeting next week and the ECB's final rate decision, crucial factors in determining the EUR/USD's next move. For now, a dovish Fed or an upturn in European data could signal a potential turnaround for EUR/USD bulls. On the technical side, MACD is still showing Buy signals, while RSI is deep into overbought territory. If the price continues to climb, it might reach levels of 16880, but if it drops, it might fall to the support level of 16277. As a pivot point might be considered 16493 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:DAX
by legacyFXofficial
Upward Momentum For The DAX Amidst Economic Data Release The DAX in Frankfurt exhibited robust performance, closing at 16,150.17 with a 1.10% surge, largely fueled by positive market responses to German Consumer Price Index (CPI) data and Federal Reserve hints at potential rate cuts. German CPI figures for November indicated a substantial easing of inflationary pressures, favorably impacting investor sentiment. Throughout the trading day, the index fluctuated between a high of 16,167.94 and a low of 15,989.91, surpassing its previous closing value of 15,975.22. Key players like Infineon Technologies saw a 4% spike in shares, while other notable performers such as Zalando, Sartorius, and Siemens Energy registered over 3% climbs. Additionally, the automotive sector depicted strength with Vonovia, BMW, and Mercedes Benz Group securing gains exceeding 2%. However, not all DAX constituents experienced positive momentum, with Covestro and Munchener Ruck facing declines greater than 0.5%. Amidst the market upswing, the euro slightly retreated against a strengthening dollar, trading within the range of $1.1018 to $1.0969. The Dollar Index, measuring the dollar's strength against major currencies, increased by 0.15% to 102.90. Simultaneously, German government bond yields mirrored the global trend of declining yields, closing at 2.4510%, a 1.7% drop from the previous session. This decline aligns with softer inflation data and potential prospects of a more accommodative Federal Reserve monetary policy, including probable rate cuts to stimulate economic growth. Technically, the DAX's monthly chart indicates an ongoing upward trend, but the index faces critical junctures. Despite retesting previous highs, the index hasn't broken out, while recent weakness challenges price support. A breakout would signify bullish prospects for both Germany and the United States, whereas a failure at price support could convey a negative message for both economies. Supported by indicators like MACD and RSI, a continuation of the bullish trend might propel the price towards levels around 16,295.42, considering a pivot point at 16,170.56 that could lead to a return to 16,129.73. Investors are advised to closely monitor these pivotal levels as they could dictate the index's future trajectory and signal broader market implications, not only within Germany but also for global markets, particularly in the United States. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
XETR:DAXLong
by legacyFXofficial
: European Equities and DAX: Navigating Bullish Sentiment Amid EEuropean equity markets, especially the German DAX, are poised with a bullish sentiment despite concerns about a potential economic slowdown in 2024. Analysts surveyed anticipate a moderate increase in European benchmarks, projecting a 4.1% rise for the pan-European STOXX 600 index and a 2.5% increase for the Euro STOXX 50 index by the end of next year. Amid worries over economic headwinds and the possibility of a recession, the markets remain cautiously optimistic, attributing the potential growth to expectations of a more dovish stance from central banks and a potential easing in energy prices. Despite Germany's position as the bloc's industrial powerhouse facing challenges due to its reliance on energy-intensive industries and external demand, the German DAX is expected to rise by 5% by the end of 2024, building upon its 14% gain in 2023. Analysts emphasize the importance of key levels for the DAX, suggesting that a breakout from current resistance levels could signify a bullish trajectory for both Germany and the broader U.S. markets. Technical indicators such as RSI and MACD also align with this bullish sentiment, providing buy signals. Investors are cautiously optimistic, considering the potential for a year-end rally in the U.S. to positively impact European equities due to increased risk appetite globally. However, concerns persist regarding a possible economic slowdown's impact on European markets, particularly in the latter half of 2024, posing challenges for sustained growth. The current outlook for DAX hints at a continuation of its upward trend, potentially reaching resistance levels around 16,060. However, analysts also note the possibility of a drop towards support levels around 15,860 should a pivot point at 15,962.66 be breached, reinforcing the importance of monitoring key levels for cues about future market directions. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:DAXLong
by legacyFXofficial
4-19-23 [ger40]special request from one of our members. --- this is the german index,,, i don't know much about germany, but i reckon it's in a similar situation as our market: >bears keep shorting, >market maker keeps squeezing. >the more the bears add, >the higher the index goes. >index can't drop until the bears do. --- what i'm depicting in the above chart is called a sharp double zig-zag. to validate wave X of the double z, one could look at the 12H rsi and notice the depth of it. --- i estimate this move finishes at HKEX:17 ,777 will give you a macro update after. 🍀
PEPPERSTONE:GER40
by Eloquent
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