News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Treasury Sec. nominee Yellen: - Economic damage is sweeping and our response must be too - The smartest thing we can do is act big $USD
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: US 500: 0.29% Wall Street: 0.25% Germany 30: 0.08% FTSE 100: 0.05% France 40: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/o8ovDaUAzE
  • Italy's Premier closing in on majority as Senate support grows - BBG. $EUR
  • The Bank of Canada is widely expected to stand pat on monetary policy with the overnight rate to remain at 0.25% alongside no change in the current pace (CAD 4bn/week) or composition of QE purchases. Get your market update from @JMcQueenFX here:https://t.co/JloztbHzB4 https://t.co/qt26J1fLot
  • $EURUSD sell-off pulls back to resistance around prior support. Big zone 1.2134-1.2167 https://t.co/RJDRdNEbWN https://t.co/WqyA0OUN0L
  • Merkel reaches deal to extend German lockdown until February 14th. $EUR
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.05% Silver: 0.27% Gold: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/6BlhZ5UJh5
  • US Indices strongly up in morning trading as markets await Yellen hearing. DOW +0.36% NDX +0.88% SPX +0.54% RUT +1.22% $DOW $QQQ $SPY $IWM
  • GDT Price index rising 4.8% with Whole Milk Powder prices up 2.2% $NZD https://t.co/BSgYGGG4fw
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 64.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qH8g9T8HFG
DAX 30 Outlook: Stimulus Outweighs China Second Wave Risks For Now

DAX 30 Outlook: Stimulus Outweighs China Second Wave Risks For Now

Justin McQueen, Analyst

DAX 30 Price Analysis & News

  • Central Bank Stimulus Outweighs China Second Wave Concerns For Now.
  • DAX 30 Gains Grind to a Halt

Central Bank Stimulus Outweighs China Second Wave Concerns For Now

Central bank largesse sees risk sentiment remain impervious to rising geopolitical concerns and risks of a second wave with dips being met with solid support. However, it will be crucial to remain focussed on COVID-19 developments in China as a renewal of lockdown measures could see risk appetite dented, despite the plethora of stimulus measures.

Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Justin McQueen
Trading Forex News: The Strategy
Get My Guide

DAX 30 Gains Grind to a Halt

In the short term, topside resistance situated at 12450 may cap upside in the DAX for now, particularly as market participants remain cautious on the rise in virus cases. In turn, this opens the door to tactical pullbacks with the 200DMA in focus at 12096. However, failure of the 76.4% Fibonacci retracement curb gains, raises the likelihood of a retest of the post Q1 sell-off highs.

Germany 30 BEARISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 15% -11% -1%
Weekly 40% -4% 10%
Learn how to use Sentiment in your trading strategy
Get My Guide

DAX 30 Price Chart: Daily Time Frame

DAX 30 Outlook: Stimulus Outweighs China Second Wave Risks For Now

Source: DailyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES