25-01-2019 Dax Technical Analysis

With a quiet economic calendar and few earnings releases expected, the hope for a Brexit deal is likely driving the Dax (DAX 30) today. It seems that the Northern Irish party DUP could be prepared to compromise on a Brexit deal. Whether or not we see a rally similar to last Friday is unlikely, but the morning session began positively. Also traders are encouraged by the ECB’s decision to keep interest rates low. Mario Draghi commented on how the outlook doesn’t look great in the short-term.