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.

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
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
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
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Democratic Senator Manchin open to President Biden's "human infrastructure" and undoing some GOP tax cuts - NBC
  • pretty sure I made a Time Variance Authority reference when critiquing strong form market efficiency earlier today in the @Nadex boot camp needless to say I’m hyped for #Loki episode 3 tonight
  • Bank of Japan member says need to enhance easing during the expected recovery - BBG
  • Bank of Japan member says vaccination delays will mean slower growth - BBG
  • Heads up traders! Will be covering the #Euro in the aftermath of last week's #Fed and incoming US PCE data and the BoE later this week, looking at retail trader positioning $EURUSD $EURGBP Starting the session in about 10min, signup below! https://t.co/N2qpEMbpBv
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here: https://t.co/AzOQip9B3r https://t.co/Bp8J3szHKq
  • Heads Up:🇯🇵 BoJ Monetary Policy Meeting Minutes due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-22
  • The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data. Get your market update from @ddubrovskyFX here:https://t.co/LaLVW8FFHI https://t.co/W7AHAcuZbO
  • 5 out of 9 Dow Jones sectors ended higher, with 43.3% of the index’s constituents closing in the green. Consumer discretionary (+1.27%) and materials (+0.62%) outperformed, whereas industrials (-0.25%) and communication services (-0.21%) trailed behind. https://t.co/iBLgt4PcYc
  • 🇦🇺 Markit Manufacturing PMI Flash (JUN) Actual: 58.4 Previous: 60.4 https://www.dailyfx.com/economic-calendar#2021-06-22
DAX 30 Trades Higher Ahead of Eurozone Unemployment Report

DAX 30 Trades Higher Ahead of Eurozone Unemployment Report

Alejandro Zambrano, Market Analyst

Talking Points

  • The DAX 30 multi-week trend remains bullish above the March 10 low of 9397.
  • The Eurozone Sentix Investor Confidence Index printed 5.7 vs. the 7 expected in a Bloomberg news survey.
  • In the afternoon, U.S. Factory Orders are expected to decline by 1.8% MoM. Final Durable Goods Orders are also on deck.

The DAX 30 (FXCM: GER30) is up by 0.28 % at the time of writing. Telecommunications and Information Technology Sectors are the biggest losers, down by 0.39% and 0.15% respectively (delayed), whilst those gaining are the Utilities and Health Care sectors, both up by 1.29% and 0.89% respectively.

The ECB low of 9397, carved out on March 10, remains the trend-defining level as it’s the most prominent swing low. The trend is bullish as the March 10 low is higher than the preceding swing low of 9122 (February 24 low). The January 13 high of 10,166 is capping price, with the next resistance level beyond this being the January 5 high of 10,400.

The Eurozone Sentix Investor Confidence Index printed 5.7 vs. the 7 expected in a Bloomberg news survey.

Later today the Eurozone unemployment rate is on deck and is expected to remain unchanged at 10.3%. In the afternoon U.S. Factory Orders are expected to decline by 1.8% MoM and final Durable Goods Orders are also on deck.

What are our top trading opportunities in 2016? Download our report for free.

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 DailyFX.com

Contact and follow Alejandro on Twitter: @AlexFX00

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

DISCLOSURES