13-04-2018 Dax Technical Analysis

Good morning traders. I hope you are all well and not suffering the horrible pestilence that has infected me, again.

Main Dax-related headlines over the last couple of days

• ECB’s Hansson says recent improvements in Eurozone will accelerate inflation and doesn’t see a big output gap
• Is Trump bluffing on the Syria missle strike? There are a lot of logistical movements required, so maybe he was prematurely tweeting. US considering striking 8 targets in Syria. May and Trump spoke Thursday and agreed it’s vital to deter the use of chemical weapons by Syria.
• FOMC Minutes: All members expect 12-month inflation to rise in coming months
• The WTO is on alert (because of the trade war) they can authorize countervailing tariffs.
• World Bank raises China 2018 growth forecast to 6.5% from 6.4% – BlackRock doesn’t see China weakening the yuan
• The US’ high borrowing costs are just about to get higher – Japenese investors dumped record amount of treasuries
• WTO says 2017 world trade volume grew 4.7% vs 3.6% September forecast
• ECB’s Coeure: Current monetary policy stance is appropriate
• Eurozone February trade balance €21.0 bn vs €20.2 bn expected

13-04-2018 Dax Key Levels

13-04-2018 Dax Charts