Welcome to Extreme Investor Network, where we provide you with valuable insights and unique information on the stock market, trading, and all things related to Wall Street. Today, we are diving into the recent US Retail Sales data and its impact on the DAX.
US economic indicators, such as the NY Empire State Manufacturing Index and industrial production data, play a crucial role in shaping market trends. However, retail sales often take the spotlight as a key driver of market movements.
Looking at the near-term outlook for the DAX, we are closely monitoring German and US data, central bank commentary, and US tariff-related news. Positive US retail sales and tariff developments could push the DAX towards 18,750. On the other hand, support for potential rate cuts by the ECB and the Fed may help ease tariff concerns in the short term.
As of Friday morning, futures indicated a slightly bearish opening, with DAX futures down 46 points and Nasdaq mini futures down 91 points. Investors should stay informed on US economic indicators, trade updates, and central bank announcements to stay ahead of market trends.
Technical indicators for the DAX show a bullish outlook, with the index trading above the 50-day and 200-day EMAs. A move towards 19,350 could set the stage for a further climb towards 19,500 and potentially the DAX’s all-time high of 19,675. However, a drop below 18,839 could bring 18,750 into play, with a possible slide towards 18,500.
Keep an eye on key factors such as German and US economic data, central bank policies, and developments in Trump’s administration. With the 14-day RSI at 50.89, the DAX shows potential for reaching new highs before entering overbought territory.
Stay tuned to Extreme Investor Network for more in-depth analysis and expert insights on the latest market trends and trading opportunities. Happy investing!