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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
EUROPEAN MARKET: DRIVING GERMAN INDEX - (DAX AT IT AGAIN) Incredible Yen hits 17-month high vs US dollar German Bond yield falls to a one-year low I noticed sharp rebound in European stocks, suggesting a pent-up appetite for an enormous risk. Europe's main indices fell as much as 1 percent, Japan's yen rose to a 17-month high against the dollar and Germany's 10-year bond yield hit a one-year low. The dollar's fall to as low as 107.61 yen prompted the Japanese government to warn that it could take steps to weaken the yen's exchange rate. The yen's push higher, and data showing a 9.2 percent fall in Japan's core machinery orders in February, helped drag the Nikkei 0.44 percent lower. I noticed a significant jump in Italian bank shares ahead of the aforementioned meeting in Rome between the country's largest lenders, the Treasury and the central bank to set up a rescue fund that will help lift European financials and broader indices. Europe's FTSEuroFirst 300 index of leading shares was up 0.6 percent, Germany's DAX was up 0.9 percent, France's CAC 40 rose 0.6 percent and Britain's FTSE 100 was up 0.2 percent. All had been sharply lower earlier. European stocks have fallen for the last four weeks, and another down week would mark their worst run in almost three years. All these above mentioned indications forced me to predicts the future of DAX ' within the next 1,700 minutes :)
FX:GER30
by DR.
2
DAX YOU CAN! (2)Hello Family, DAX has gained even more traction as the buyers kept pilling up and USD creeping up - I see USD shooting to the height of 114.750 within few hours today or by tomorrow the latest. Dax seems to be in a good shape and might hit my second TP @10090 :) finger crossed - but I I recommend a quick TP @ 10027 as well if you will... Notes: pay attention to the V retrace candle formation, this may occur should market condition changes...but don't panic:) - just go with the flow; if you know what I mean? ( Can't say it here) lol Remember to set your SL accordingly should you by any chance choose to walk away from your trade. Happy trading Dr.
FX:GER30
by DR.
1
An Attempt to Decipher Ger30I do not know what will eventually happen,But until then, staying the OODA Loop I've tried to take pulse of the chart. The bullish intentions have been made clear. Lets see which setups plays out eventually. Would have been stronger if this close was above the large red candle on left. (off by some 40pips) Hence this keeps the options of deep retrace very likely. Especially for next leg up to Bollinger mid.(34 MA) which may meet price at the 10000 by then. This down move likely to be to - Retest of trendline break - Retest of MA's 10 - 30-50% retrace of last 3 bulls weeks - Test yellow resistance turned support zone.
FX:GER30
by Neel_K
1
One of the few Possibilities for coming years - GER30I just realized i had posted this chart as private 2days ago. Wish they have a convert function. :) Hey ho.. here is the progress since then. Still valid. ----- We don't fully know which of the fundamentals news would be used to drive this up and then down. However, IF there happens to be such news events, this could be a set of potential price action movement in near future. This charts is just for reference and will be interesting to see how the market actually moves in coming months and years. Price action behavior at 10800-11000 will eventually indicate if this full set of move will occur in this fashion. Though a possibility,At the moment, it would be too early to project the third push with a degree of certainty. Update status
FX:GER30
by Neel_K