27-07-2018 Dax Technical Analysis

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27-07-2018 Dax

A key price driver was the result of the crisis meeting between US President Donald Trump and EU Commission President Jean-Claude Juncker the night before, when both sides had surprisingly agreed on a plan to settle the customs dispute. Trump and Juncker now want to start discussions on the complete abolition of tariffs on industrial goods. Possible tariffs on the importation of European cars in the US are therefore for the time being off the table. The auto stocks benefited from this, especially those of BMW with an increase of 4.42 percent and just behind Volkswagen (Volkswagen (VW) vz) with a premium of about 4 percent. By contrast, the results of the most recent European Central Bank (ECB) meeting had only […]

26-07-2018 Dax Technical Analysis

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26-07-2018 Dax

26-07-2018 Dax News [button label=”Open The News Page” link=”https://thedaxtrader.co.uk/dax-news-feed.html” target=”_blank” color=”” __fw_editor_shortcodes_id=”f0dc4c2b93b797ec7f7d1a8e8e9f3962″ _fw_coder=”aggressive”][/button] 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. Economic Calendar Major news today! ECB rate decision and press conference. [button […]

25-07-2018 Dax Technical Analysis

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25-07-2018 Dax

Good morning traders, [call_to_action title=”Did You See The New Homepage?” message=”We‹³›ve completed our latest homepage upgrade to fix a few issues. Visit the homepage now and see how easy it is to access the important items. Bookmark the site. Provide your feedback.” button_label=”Visit Homepage Now” button_link=”https://thedaxtrader.co.uk” button_target=”_blank” _fw_coder=”aggressive” __fw_editor_shortcodes_id=”88f5c26538eb8e2d4ec95963aaba332f”][/call_to_action] 25-07-2018 Dax 60m Chart The two main things to look at will be the trend defining low which is ‘385 current ‘775 trend-defining high. This high needs to be broken in order to continue our bullish trend.  I originally had an ACR line set drawn on this chart and was predicting for price to reach the 440-460 zone. We just about missed that zone as the frequency of price had changed a little bit […]

23-07-2018 Dax Technical Analysis

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23-07-2018 Dax

Good morning traders, the original analysis was submitted this morning at 7:15am on the member’s forum.  Overall, the market is bullish above 12384 for now.    On Friday the DAX shed 125 points (-1.12%) with a 242 point range and as a result we have widened the daily pivot levels. The pivot for today is 12569, which we are below and with the gap lower this morning we are seeing some very [short term] bearish momentum. Therefore, if I am looking to buy, I think there is scope to sit and wait for price to retrace to that zone, or potentially scalp short it. I am looking to buy, let’s consider the strategies: I am marking out the 12440 to […]

16-07-2018 Dax Technical Analysis

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16-07-2018 Dax

Let’s do a quick summary: Nasdaq closes with another record. Putin meets Trump in Helsinki. The earning season begins. Institutions begin their propaganda of “the markets are ready to rally again”. So let’s take a quick look at the bulls vs bears arguments. Bulls are looking for a strong balance-sheet season for the second quarter which could make stock market traffic go green again. But the question is: how much has the trade dispute between the US and China slowed down the economy? Rising profits for shareholders, however, have been an important driver of the Dax rally in recent years. If central banks also start ‘easing the reins’ in light of ‘growth’ risks then of courses that will create the […]

29-06-2018 Dax Technical Analysis

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29-06-2018 Dax

The European Union has agreed to tighten its asylum policy. Chancellor Angela Merkel welcomed the agreement. Whether the summit resolutions are sufficient to settle the fierce coalition dispute between Merkel’s CDU and the sister party CSU remains unclear. Interior Minister Horst Seehofer (CSU) had previously threatened to reject at the German borders asylum seekers who are already registered in another EU country. Merkel absolutely wanted to prevent this with a European solution. The EU shows its capacity to act and this will relieve tensions in the financial markets, particularly on the DAX as we are seeing this morning. At the time of writing, the DAX 30 is currently up 113 points (or 0.93%). We see a 32 point gap this morning and high of 12344 (CFD). […]

27-06-2018 Dax Technical Analysis

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27-06-2018 Dax

Good morning traders. The DAX 30 is Bearish. Targets are 12050.  A break in the overheated short-term downtrend is to be expected soon, but it’s likely that price will dig into the high 11xxx’s first. The current bear market has already taken 1000 off the index. Another 300 points would represent a 10% correction on this major impulse wave.  If the sellers continue to outnumber their opponents, and convincingly break below 12000, then the next significant stabilisation zone is 11,725 / 11,870. It is heavily oversold and therefore we would likely see or expect a temporary bottoming.  The Political Turmoil Continues in Germany The grand coalition continues to be on the edge after the recent meetings. In the bitter asylum dispute between the CDU and CSU […]

26-06-2018 Dax Technical Analysis

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26-06-2018 Dax

MEMBERS I have uploaded four videos to the premium Telegram channel this morning. Three of those videos are based on three separate strategies for trading the DAX 30. The other video is a full session review of yesterday’s price action. We go through the session bar-by-bar making reads and analysing the price action to really get into the tools in detail. You can access the Telegram channel from the member’s page. [button label=”Login Now” link=”https://thedaxtrader.co.uk/account” target=”_self” color=”” _fw_coder=”aggressive” __fw_editor_shortcodes_id=”413102793ee7afe361fad8e5ec1b3337″][/button] DAX 30 EuroStoxx 50 DOW 30 S&P500 NASDAQ FTSE 100

14-06-2018 Dax Technical Analysis

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14-06-2018 Dax

The German stock market was expected to start weaker on Thursday morning after the US Federal Reserve’s interest rate decision. Banks and brokers expect the Dax to open down 0.3 percent lower. On Wednesday, the index gained very little and has formed a Doji on the daily chart. The prospect of a faster rate hike by the Fed pushed the US stock markets down yesterday wiping out earlier gains. FOMC Dominates Headlines The Fed announced that there may be two more interest rate moves in the current year. The expectations were for a rise yesterday and the US monetary authorities obliged by raising the key rate by 25 basis points to 2.0 percent. A further increase in interest rates by […]