26-07-2018 Dax News
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Automotive stocks were under pressure on yesterday. The Italian-American automaker FiatChrysler issued a profit warning and as a result, BMW, Daimler, Volkswagen, the automotive supplier Continental and the semiconductor specialist (for the car industry) Infineon, fell by as much as 3.5 percent. Even the largest US automaker GM lowered its full-year forecast due to higher raw material costs by tariffs on steel and aluminum. This is having an impact on the markets.
On the corporate side, the focus was on Deutsche Bank and its fund subsidiary DWS. The asset manager again suffered cash outflows in the second quarter.
Major news today! ECB rate decision and press conference.
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26-07-2018 Dax Analysis
- Trend defining level has changed as 775 was taken out
- Mechanics of the pitchfork explained
- New levels to mark out on the chart
- Notice how we took out two POCs yesterday
26-07-2018 Dax Charts
26-07-2018 Dax Key Levels