|Day's range||11,498.69 - 11,617.28|
|52-week range||11,459.08 - 13,596.89|
FOMC Minutes from yesterday helped the USD to climb higher. That also negatively influenced stocks and commodities. The current price movements are in line with what we were writing about two days ago in the analysis about the USDJPY and DAX. Let’s start with the USDJPY first. The bounce from the long-term up trendline is ON and yesterday, the price managed to break the 50% Fibo, which gives us a buy signal. Today, we are testing that area as a support and we can see a bounce, which gives us a bullish confirmation.
DAX futures trading in international market was trading positive ahead of Asian market hours supporting positive price action in DAX index.
Last week, DAX broke the long-term neckline of the major head and shoulders pattern. This week starts with a pull-back, which is nothing surprising as this is a typical price action movement. Any bearish price action there will give us a legitimate signal to go short.
Geo-political events could drag DAX to side ways movement which is otherwise supported fundamentally and could continue positive price action.
Boost in German Government Bonds & Hawkish Futures Movement In International Market Helped DAX Take Positive Stance
The decline of stocks is probably the most important event in the financial markets. Dax, the most important German index made a choice last week and broke the neckline of the giant Head and Shoulders pattern. Last week, price broke the lower line of the wedge and the neckline (yellow), which is a very technical sign of a bearish dominance.
DAX futures in international market indicates that DAX index is going to trade positive supported by bullish cues from overseas markets.
Multiple factors across major global markets result in all key equity markets taking bearish tone resulting in DAX being influenced by bearish cues from allied markets and dovish local investor sentiment.
Mixed cues from global equity markets likely to inspire dovish equity momentum in German market.
Investing.com – U.S. futures were lower on Tuesday, as rising bond yields continued to put pressure on equities.The S&P 500 futures fell 12 points or 0.42% to 2,881.50 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 113 points, or 0.43%, to 26,431.0. Meanwhile tech heavy Nasdaq 100 futures decreased 31 points, or 0.43%, to 7,360.25.The yield on the benchmark United States 10-Year note reached a fresh seven-year high of 3.261%, while the United States 30-Year note climbed to a four-year peak of 3.44%. ...
DAX is expected to move range bound during today’s market hours as global allied markets have taken bearish stance.
Investing.com - U.S. futures pointed to a lower open on Wall Street Monday, as rising bond yields and increasing interest rates made equities less attractive to investors.The S&P 500 futures fell 7 points or 0.25% to 2,886.75 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 87 points, or 0.33%, to 26,405.0. Meanwhile tech heavy Nasdaq 100 futures decreased 26 points, or 0.35%, to 7,410.0.U.S. bond markets are closed for Columbus Day but stock markets are open. Still, trading volumes were expected to be thin, with most banks and federal agencies closed for the holiday. ...
Investing.com – U.S. futures pointed to a flat opening bell on Wall Street as investors waited for the monthly jobs report later in the session and Treasury yields continued to rise.The S&P 500 futures fell over half a point or 0.03% to 2,907.0 as of 6:45 AM ET (10:45 GMT) while Dow futures inched up 7 points, or 0.03%, to 26,659.0. Meanwhile tech heavy Nasdaq 100 futures decreased 12 points, or 0.17%, to 7,501.50. ...
Investing.com – U.S. futures pointed to a sharply lower open on Wall Street Thursday as a spike in Treasury yields and expectations for future Federal Reserve rate hikes weighed on market sentiment.The S&P 500 futures fell 12 points or 0.43% to 2,918.75 as of 6:45 AM ET (10:45 GMT) while Dow futures lost 99 points, or 0.37%, to 26,773.0. Meanwhile tech heavy Nasdaq 100 futures decreased 44 points, or 0.58%, to 7,620.0. ...
Central bank chief Jerome Powell told the National Association for Business Economics on Tuesday that the U.S. economic outlook is positive thanks to a "historically rare" combination of low unemployment and tepid inflation.
Investing - Stocks opened mixed Tuesday as investors took a pause following the strong rally in the previous session and digested more tensions in the EU over Italy’s budget.
Investing.com – U.S. futures pointed to a lower opening bell on Tuesday as bullish sentiment following news of a U.S.-Canada trade deal died down and Italian budget concerns spooked investors.The S&P 500 futures fell 7 points or 0.26% to 2,922.50 as of 6:45 AM ET (10:45 GMT) while Dow futures lost 83 points, or 0.31%, to 26,595.0. Meanwhile tech heavy Nasdaq 100 futures decreased 29 points, or 0.38%, to 7,646.0. ...
Investing.com – U.S. futures pointed to a higher opening bell on Monday amid news that the U.S. and Canada reached a trade agreement late on Sunday.The S&P 500 futures rose 18 points or 0.62% to 2,937.00 as of 6:45 AM ET (10:45 GMT) while Dow futures gained 209 points, or 0.79%, to 26,685.0. Meanwhile tech heavy Nasdaq 100 futures increased 59 points, or 0.77%, to 7,714.25.News of the trade deal bolstered investor sentiment as trade tensions eased.The deal was renamed the United States-Mexico-Canada Agreement and will give the U.S. ...
Investing.com – U.S. futures pointed to a flat opening bell on Friday as investors look ahead to data, including the Federal Reserve’s favorite inflation gauge.The S&P 500 futures fell 4 points or 0.15% to 2,915.50 as of 6:51 AM ET (10:51 GMT) while Dow futures lost 49 points, or 0.19%, to 26,424.0. Meanwhile tech heavy Nasdaq 100 futures decreased 15 points, or 0.20%, to 7,641.75.Personal spending for August comes out at 8:30 AM ET (12:30 GMT), along with the August core personal consumption expenditures (PCE) price index. ...