Welcome to Extreme Investor Network, where we provide you with the latest news and analysis on the stock market, trading, and everything related to Wall Street. Today, let’s discuss the near-term outlook for the DAX and how you can navigate through the market fluctuations.
Near-term trends for the DAX, the leading German stock index, will be heavily influenced by inflation indicators. Keep an eye on the numbers coming out of Germany and the US, as lower figures could impact market risk sentiment. It’s crucial to also pay attention to how central banks react to the latest data, especially the upcoming US CPI Report.
Currently, on the Futures markets, the DAX is up by 13 points, while the Nasdaq mini has fallen by 48 points. As an investor, it is important to stay vigilant, especially with inflation in focus. By tracking the news wires, economic data, and expert commentary, you can effectively manage your trading strategies. Make sure to stay up-to-date with our latest news and analysis to stay ahead of the game and manage risk effectively.
Looking at the technical indicators for the DAX, the index remains above the 50-day and 200-day EMAs, signaling bullish price movements. A breakout from the 18,500 handle could potentially lead to a move towards the 18,750 handle, with further bullish momentum possibly pushing the index towards 19,000.
However, a break below the 18,500 handle could see the DAX testing the 50-day EMA, and potentially falling towards 18,000. The 14-day RSI currently stands at 56.17, indicating a potential return to the 18,750 handle before entering overbought territory.
As Friday approaches, keep an eye on the German and US leading inflation indicators, as they could have a significant impact on the DAX. Stay informed, stay updated, and stay ahead of the market trends with Extreme Investor Network. Make sure to visit our website for the latest insights and analysis to help you make informed investment decisions.