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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Cryptos LOD...#btc #eth #ltc #bch #cryptocurrencies @DailyFX Prices via @IGcom
  • Overall, with little surprises in the monetary policy announcement, the Euro saw little in the way of notable price action. Get your market update from @JMcQueenFX here:
  • $GBPUSD rose above 1.3700 today, hitting its highest level since the spring of 2018. $GBP $USD
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.25% Germany 30: 0.23% US 500: 0.16% Wall Street: 0.07% France 40: -0.20% View the performance of all markets via
  • ECB President Lagarde: - ECB is "very carefully" monitoring exchange rates - Play an important role in inflation - Reiterates that all instruments can be adjusted and nothing is off the table #ECB $EUR
  • ECB President Lagarde: - "Nothing is off the table" in regard to policy instruments #ECB $EUR
  • ECB President Lagarde: - If and when we have a digital Euro, we will also have banknotes - ECB will make decision in the spring whether to go ahead with digital Euro work - Lots of questions remain, is a complicated issue - Is not "about to come," will be years #ECB $EUR
  • ECB President Lagarde: - An ambitious and coordinated fiscal stance is critical - Fiscal measures should be targeted and temporary - EU aid package must become operational without delay #ECB $EUR
  • ECB President Lagarde: - Risks surrounding Euro-area outlook remain tilted to the downside, but less pronounced - Underlying price pressures are expected to remain subdued - Inflation is likely to increase in the coming months as pandemic's impact fades #ECB $EUR
  • ECB's Lagarde - Downside risks to outlook are less pronounced $EUR
DAX 30 Slides, Caixin China PMI Manufacturing Disappoints

DAX 30 Slides, Caixin China PMI Manufacturing Disappoints

Alejandro Zambrano, Market Analyst

Talking Points

  • The DAX 30 slips as Auto manufacturers and Basic Material Sectors trade lower.
  • Caixin China PMI Mfg. for April declined to 49.4 from 49.7 and thereby failed to meet the Bloomberg news projection of 49.8.
  • The trend of the DAX 30 is downwards and the April 29 high of 10,253 is the last swing high of importance.

The DAX 30 (CFD: GER30) was lower by 1.89% at the time of writing. The softest sectors are Basic Material and “Consumer, Cyclical” (Auto manufacturers and related firms), while Financials and Consumer, Non-cyclical are outperforming.

At this stage, there is no strong consensus behind the trigger of today’s decline, but we note that overnight, the Caixin China PMI Mfg. for April declined to 49.4 from 49.7 and thereby failed to meet the Bloomberg news projection of 49.8. The soft Chinese data reports tend to affect the Basic Material sector, which is today’s biggest loser in the DAX 30 and the FTSE 100.

This morning, Markit UK PMI Manufacturing for April declined to 49.2 from 51 and vs. the 51.2 projected per a Bloomberg News survey.

Technically, the DAX 30 is short-term bearish as the price has been creating lower lows and lower highs following the April high of 10,488. The last swing low of importance for this short-term bearish trend is the April 29 high of 10,253.

The next support level is the April 18 low of 9910, followed by the April 11 high of 9750 and the April 12 low of 9619. Resistance levels are yesterday’s high of 10,155 followed by the April 29 high of 10,253 and the April 28 high of 10,334.

The next data report on deck, which might affect the DAX 30, is Eurozone Producer Price Index. It is a relevant indicator as changes to the Producer Price Index may affect the Consumer Prices Index, which in turn affects the monetary policy of the ECB. A Bloomberg economist’s survey projected a decline of 4.3% YoY from 4.2% in February.

Our forecasts for Q2 2016 are now live on the site. Download them for free.

DAX 30 | CFD: 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

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