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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • The Australian Dollar may face swelling selling pressure from souring risk appetite over the COVID-19 delta variant and escalating tension with China. Get your $AUD markt update from @ZabelinDimitri here:
  • (ASEAN Tech) US Dollar Outlook Bearish: Thai Baht Still at Risk as SGD, PHP, IDR Outperform #USD $USDSGD $USDIDR $USDTHB $USDPHP
  • 🇯🇵 Foreign Bond Investment (31/JUL) Actual: ¥225.6B Previous: ¥-1083B
  • Heads Up:🇯🇵 Foreign Bond Investment (31/JUL) due at 23:50 GMT (15min) Previous: ¥1087.4B
  • Natural gas continues to look higher, as hot weather and drought conditions across the United States and Europe, help fuel the already strong demand narrative for the commodity. Get your market update from @FxWestwater here:
  • 9 out of 11 S&P 500 sectors ended lower, with 76% of the index’s constituents closing in the red. Energy (-2.93%), industrials (-1.37%) and consumer staples (-1.26%) underperformed, whereas communication services (+0.23%) and information technology (+0.19%) ended higher.
  • The Japanese Yen could rise against the US Dollar and Australian Dollar as retail investors increase upside exposure in USD/JPY and AUD/JPY. What are key technical levels to watch? Get your market update from @ddubrovskyFX here:
  • 🇧🇷 Interest Rate Decision Actual: 5.25% Expected: 5.25% Previous: 4.25%
  • Heads Up:🇧🇷 Interest Rate Decision due at 22:00 GMT (15min) Actual: 5.25% Expected: 5.25% Previous: 4.25%
  • The US Dollar put in a strong spike this morning on the back of some comments from FOMC Vice Chair, Richard Clarida. Get your market update from @JStanleyFX here:
DAX 30 Forecast: What to Expect in the Week Ahead

DAX 30 Forecast: What to Expect in the Week Ahead

Peter Hanks, Strategist

DAX 30 Price Outlook:


DAX 30 Forecast: What to Expect in the Week Ahead

The DAX 30 enjoyed a substantial recovery in the first half of the week as risk aversion gave way to renewed optimism – despite roaming covid lockdowns in Europe. As we highlighted last week, recent declines have worked to undermine crucial technical formations and many indices stand on precarious footing as a result. In the case of the DAX 30, prior support has already hinted at its ability to resist a recovery rally.

DAX 30 Price Chart: 4 – Hour Time Frame (June 2020 – September 2020)

DAX 30 Forecast: What to Expect in the Week Ahead

To that end, prior support near the 12,935 level roughly coincides with the German index’s high in the week to date. Should risk aversion return and drive the DAX lower before bulls can retake the level, 12,935 might be seen as the topside barrier in the days ahead. In terms of support, the Fibonacci level near 12,450 will precede potential secondary support marked by last week’s swing low at 12,340.

Interestingly, IG client sentiment data has reversed since last week as traders pile into the short-side. Since we typically take a contrarian view to crowd sentiment, this may suggest the DAX 30 will continue higher, although patience may allow for a more stable assessment of the index. Either way, DAX traders should have their focus on upcoming German unemployment data due Wednesday.

How Does the Stock Market React to the First US Presidential Debate? - US Market Open

More broadly, markets are still exposed to considerable uncertainty with the looming US Presidential election. While the event may impact US-centric assets more than those abroad, it is unlikely volatility will be limited to the Dow Jones, Nasdaq 100 and S&P 500. Thus, the DAX 30 will likely feel some effect from any concrete developments in the election race. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis.

--Written by Peter Hanks, Strategist for

Contact and follow Peter on Twitter @PeterHanksFX

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