Hello traders. It’s my birthday on Wednesday, so this is fair warning that I will not be working on that day and will possibly be sluggish on Thursday. Hopefully, the weather stays warm because the plan is for a beach BBQ in the afternoon/evening, bit of a swim, volleyball, rock climbing (there is a beach boulder to climb), few beers, tennis, football, frisbee, should be fun.
This is the time of year where many traders, investors and institutional guys go on holiday. These conditions can create a bit of a liquidity drain which makes the market ‘jumpy’ during releases. With this in mind, traders should probably be prepared for some major fluctuations this week. A flood of quarterly figures are due out with almost a third of Dax’s companies publishing business figures this week. and new trends in the trade conflict are also eagerly awaited.
“The current reporting season of the companies and the resurgent trade conflict offers enough potential for an exciting August.”
Comments from Weberbank analyst Jan Nießen. Experts also fear some negative surprises as the reporting season sometimes shows that it no longer runs smoothly in all sectors.
06-08-2018 Dax Charts
06-08-2018 Dax Key Levels
|KEY LEVELS (MINI DAX)|
|Value Area High||12615|
|Value Area Low||12578|
|Camarilla Breakout (Bull)||12686|
|Camarilla Breakout (Bear)||12588|