Thursday, August 16, 2018

DAX30 - 17 August 2018


Fundamental Highlights

Yesterday was a light day for the DAX rising 0.6% with most German stocks remaining unchanged for the day. US dollar edged lower alongside Treasuries on growing hopes for US-China trade talks. Final inflation and current account from euro area are due today, headlining another light day for the European economic news.

Technical Analysis

After breaking the €12,335 support mark, the DAX looks slightly bullish again from a technical perspective. The RSI looks slightly bullish this morning suggesting a rebound in the next few hours but short sellers may jump back in as we test resistance levels.

Support: 12122.5 12000
Resistance: 12335 12500

Chart (H1)