14-02-2019 Dax Technical Analysis
|DAX KEY LEVELS|
From The News Wires
German Economy Ministry stated on Thursday that the United Kingdom’s process of leaving the European Union and the global trade disputes are still major sources of uncertainty for the German economy. In its monthly bulletin published after the release of Germany’s Q4 GDP numbers, the ministry stressed that impetus from domestic economy remains strong, but added that indicators point to a subdued development of exports over the coming months. A construction boom is very likely to carry one considering the number of new orders, while private consumption is also likely to continue doing well, the ministry noted.
A German GDP report released earlier showed that the country’s economy barely managed to avoid a recession in the fourth quarter of 2018 by remaining stagnant month-on-month. Positive contributions to the economic growth came mainly from domestic demand, but offset by negative contributions coming from foreign trade.
Seasonally adjusted gross domestic product (GDP) in the euro area in the fourth quarter of 2018 increased 0.2% compared to the previous quarter. Over the whole 2018, GDP rose by 1.8% in the Eurozone area and 1.9% in the EU28, based on calendar and seasonally adjusted quarterly data.
German Gross Domestic Product (GDP) remained virtually unchanged in the fourth quarter of 2018 compared to the previous three-month period. The figure came in 0.9% higher month-on-month. For the whole year of 2018, the GDP grew at a rate if 1.4%. Positive contributions to the economic growth came mainly from domestic demand, with gross fixed capital formation rising significantly compared to the third quarter of the year. A slight improvement was observed in household final consumption expenditure, while general government final consumption expenditure went up markedly month-on-month. However, this was offset by negative contributions coming from foreign trade, with exports and imports of goods and services rising nearly at the same rate.
Dax Trading Signals
Yesterday we had eight signals:
Four stops hit
Two targets hit
Two breakeven trades
Find out more here: https://thedaxtrader.co.uk/daxtrader-signals-results/
14-02-2019 Dax Charts