Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

DAX (GDAXI)

Real-time derived
Currency in EUR
Disclaimer
18,504.51
+27.42(+0.15%)
Closed

DAX Forum Discussions

imagine if cpi would have come in under.......
Its nonsense.
Will this Index ever Fall ???
US inflation Up and this still going!! Hope it will start correcting itself in the afternoon session.
US Daylight Savings Time begins 10 March, so all US data is one hour earlier for UK traders.
@johnsdale - I hope you’re in profit. It’s looking good.
Glad it worked out and well executed Johnsdale.
i think the thing to look at here was the nvidia swing. it was up 5% on the day and ended up 5% down. the reason i made the trade friday is the buying of late has been somewhat irrational and it just felt like the hot money was leaving the market. obs monday is key but right now i think the big money was taking profit on friday and if that continues into next week that will be the catalyst for the sell off and the correction everyone has been holding for. as always best of luck with your trades.
A sell off to watch for also is next Friday - quarterly options expire . Every 3rd Fridsy
ecconomic data points towards rate cuts hence why it boasted. but there is confusion and tiredness here. been watching it closely and its turning
It would need to break below 17,700
i don't disagree but i make most of my money when i follow my intution combined with the charts. each to their own here but i'm calling a near term top. s&p is 5200 which was where i thought it would go and i had the nasdaq at 18500 as a top. dax is also diverging and acting sensibly for a change. this is my call i dont think it goes above 17860 near term
lets hope you’re right :-)
Economic data seems irrelevant to the Dax. It just goes up regardless.
this is behaving very strangely i don't usually like to call a top but i'm going all in on my remaining capital with shorts at 18850-60 i was going to hold off incase it tried for 18000 but i think there is a ceiling here
this is behaving very strangely, i was saving the last of my capital incase it did get to 18000 but i'm going all in at 17850 does feel like a ceiling
i get the feeling this wants to go up for non farms. honestly even slightly bad news pushes it up. but it is starting to look very tired now. i think you will get your reversal next week.
It always seems to pump before any significant economic data to prevent any sell off. It did look that way last night when its stop loss hunt up at 900 wasn’t very successful. Noone was up there. But just when you think its on the downward trend , it gets another booster injection.
About time too!!
The way this behaving i think this year we might even see 19000, for now i think the floor would be 17450-17200, it need to go down there to be able to climb up as high as it desire!!
Rocky.a.b on dis cord
I can’t seem to find you - Rocky.a.b?
Yep as it is with the dots .
Dont get stressed over it, i know its not easy if you’re shorting this which im. It will come back down it will have to, but for now Take some time off screen and recharge.
I can’t get germany in recession and dax hitting ATHs daily? Something doesn’t add up?!
i mean yes every other index has had a major sell off recently which is healthy. personally i think the sooner it goes to 18000 the better as it will crash
Germany may be in a recession, but the dax is all about companies who are beating their revenue and eps by country miles each quarter
Not showing any signs of down move be careful people it's playing with sellers
something has to spook the market really badly for a sustained selloff, why would you sell in this market
it shouldn't but look at the bounce of 17620 it was strong support. realistically it has as much chance of 18000 as the 17000 retrace
Sell big time
it goes up with the dow and doesnt fall when the dow goes down
so what is your take on dax? Is it going to stay at the same level, or setting new ATH
this has been having shorts for breakfast for the last 6 weeks
“Investors have penciled in three or probably four rate cuts by the end of the year. Interest rate futures are almost fully priced in for a first rate cut from the ECB in June.”
We getting lower low and lower highs everyday now, that’s downtrend style to me!
Yeah it just needs to clear the daily support level 17628 to be in bear territory.
It will be interesting to see what Lagarde will come out with tomorrow. Hopefully she keeps her poetry out of it. Lol
So Powell didnt really say anything new just as we thought. No impact
Correction- Euro interest rate decision tomorrow.
if this to break down should happen by Friday, by the end of the week we should have clear direction Up or Down.. as you know im with down but it doesn’t always play out the way we want it. Lets see
Yes Ahmed, we’re all on the same page there that technically it needs to move down close to 17200 by the end of the week but as you say it doesn’t always play out that way. In recent months it hasnt - you just have to look at how overstretched it is from the MA on the monthly. But as you see, it’s inevitable it will snap back one way or another.
“Powell is expected to maintain a cautious stance, reinforcing that the Fed is not rushing to cut interest rates despite mixed U.S. economic data.”
To me all about Powell, he’s the key. Sometimes the market can take a day or so to react to his comments and another times can be instant.. lets see.
Agreed. Dax is proned to having a delayed reaction. But is really going to tell us anything different to what we already know. No cuts until May etc
it usually down to the way he word it. And reading between the lines, They know what they doing.
Morning folks, i see we ended up with a red doji yesterday. Whats your thoughts about today?
So we’re back to a red daily candle - this is looking more like it. I’d say it will close just above 600 then we’ll need some more volume tomorrow to get us over the daily support line- 593.
I think it’s finally happening, all we need now one bad comment from Fed and it will crash…… lets get this party started :)
Lol , it’s unbelievable - when Dow goes up, Dax will match it, if not beat it. But just look at today. Dow down 500 points, Dax down 50!
tell me about it! Im looking forward to tomorrow now.
Im not asking for much, only 5% down :))
17,200 would be a good start! :-)
that would be nice :) Even better if it would happen tomorrow :))
All US in red and this in green!!
And usually Dow leads the way. Technically, on the daily we should be getting a red candle…
its just ridiculou,, goes up with US but not down!!
It really is. Maybe this is another pump ahead of important data coming out.
...
...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.