DAX Technical Analysis
Week 27 2019
Technical Analysis, DAX Outlook, Economic Calendar, Key Levels and Current Bias
Friday 5th July 2019
Thursday 4th July 2019
No analysis today
Wednesday 3rd July 2019
Here is the German DAX outlook and forecast for today.
Tuesday 2nd July 2019
Here is the technical analysis summary for the German DAX today
DAX Starts Slowly
European markets were mostly muted early in the session on Tuesday as trade woes subsided somewhat following the G20 summit in Osaka, where China and the United States reached a truce in their lengthy trade dispute. US President Donald Trump said earlier that talks between the two countries were back underway, however, he insisted that a future trade deal with Beijing would have to be "somewhat tilted" in Washington's favour. In economic news, Destatis reported a drop in retail sales in Germany for the month of May, while Nationwide said British house price growth remained weak in June.
German Retail Sales Are Horrible
Turnover in retail trade in Germany increased 4% in May in real terms compared to the same month a year ago, according to provisional data released by the country’s statistical office Destatis on Tuesday. In nominal terms, retail sales rose 4.8% year-on-year. On a monthly basis, adjusted for calendar and seasonal variations, retail sales fell 0.6% compared to May in real terms and were down 0.4% in nominal terms.
What To Look Out For
DAX Key Levels
