19-09-2018 DAX 30 Technical Analysis

Traders and analysts may have been surprised by early market moves yesterday. I was. The price action shrugged off Washington’s escalation of the like-for-like tariff dispute between the U.S. and China. 

 

Now I guess the analysts will discuss how important Chinese retaliation will be to the outlook for markets.The fine print of the new tariffs could also be seen as providing some relief and this have turned into something of a sell the rumor, buy the fact type scenario. Ten percent could actually come as a relief as such a figure would be bad but manageable. 

 

Perhaps the Trump administration has shown some restraint – they could have imposed even higher tariffs.

 

19-09-2018 Dax Technical Analysis Video

 

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