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.



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
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: #DailyFXGuides
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:
DAX 30 Fails to Gain On German Industrial Production

DAX 30 Fails to Gain On German Industrial Production

Alejandro Zambrano, Market Analyst

Talking Points

  • If the DAX 30 breaches the lower limit of the range shown over the last few days at 9691, the DAX might reach the psychological level of 9500.
  • Eurozone 4Q GDP is expected to rise by 1.5% YoY according to a Bloomberg News poll.

Traders may be on their way to give up on the DAX 30 (FXCM: GER30) as German Industrial production beat expectations this morning, but the DAX failed to gain and instead declined.

Industrial Production rose by 2.2% YoY from -2.2%, and thereby overtook the Bloomberg Poll projection of -1.6%.

If the DAX 30 breaches the lower limit of the last few days range at 9691, we may see lower prices and the DAX might reach the psychological level of 9500. Such a break may be used by traders that have a long term bearish outlook and therefore don’t be surprised if the downward trend of the last few months resumes.

Traders waiting for that stronger confirmation of a reversal taking place will stand on the side-lines today and will likely instead wait for a break to the January 27 high of 9931. On such a break, the DAX 30 may reach the January 13 high of 10,164 and this would also be in line with the bullish trend since mid-February. Please see the chart below.

Eurozone GDP

Eurozone GDP for the fourth quarter is due at 10:00 GMT and expected to rise by 1.5% YoY according to a Bloomberg News poll. A stronger than expected reading would generally support the DAX, but as we saw with German industrial production this morning, this may not be the case, as bullish traders are nervous after a week with no gains.

U.S. NFIB Small Business Optimism Index is on deck this afternoon and a Bloomberg News Survey projects a rise to 94 from 93.9.

Stay informed - download the DailyFX Analysts' 1Q forecasts for the Dollar, Euro, Pound, Equities and Gold

DAX 30 | FXCM: GER30

Please add a description for the image.

Created with Marketscope/Trading Station II; prepared by Alejandro Zambrano

--- Written by Alejandro Zambrano, Market Analyst for

Contact and follow Alejandro on Twitter: @AlexFX00

Struggling with Trading? Join a London Seminar

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