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
Wall Street
More View more
Real Time News
  • US, EU said to reach deal to suspend Boeing-Airbus tariffs. $USD $EUR
  • #Silver hit a fresh one month low today. The precious metal is currently trading right around the 25.00 level, its lowest point since late January. $XAG $SLV
  • 🇷🇺 Inflation Rate YoY (FEB) Actual: 5.7% Expected: 5.5% Previous: 5.2%
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.06% 🇨🇭CHF: -0.10% 🇯🇵JPY: -0.11% 🇦🇺AUD: -0.41% 🇳🇿NZD: -0.41% 🇬🇧GBP: -0.44% View the performance of all markets via
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.24% Wall Street: 0.07% US 500: -0.34% France 40: -0.55% Germany 30: -0.67% View the performance of all markets via
  • Heads Up:🇷🇺 Inflation Rate YoY (FEB) due at 16:00 GMT (15min) Expected: 5.5% Previous: 5.2%
  • US Indices are currently mixed, paring their earlier morning gains as the trading session advances. The Nasdaq continues to lead the decline. DOW +0.08% NDX -1.41% SPX -0.32% RUT -0.95% $DIA $QQQ $SPY $IWM
  • Rising bond yields keep the USD supported as market sentiment turns negative BTC/USD looking vulnerable to further downside pressure. Get your $btc market update from @HathornSabin here:
  • $EURUSD is still sliding. US 10-year yields haven't really relented an a favorable fundamental wind from NFPs isn't exactly going to hurt the Dollar. Overlaid is the inverted implied Fed rate changes (+18 bps in hikes) through end of 2022
  • $USD resistance putting up a fight around $NFP shorter-term, big question is whether buyers can hold up support around this level through today, lots of jostling on st charts (img 2) $DXY
DAX - 12700 Important to Near-term Outlook

DAX - 12700 Important to Near-term Outlook

Paul Robinson, Strategist

What’s inside:

  • DAX gaps lower to begin its week, watching 12700 as our ‘line-in-the-sand'
  • Push to new highs will bring Feb top-side t-line into focus as resistance
  • ECB on Thursday, Draghi and crew could spark volatility

Find out what’s driving global equities in our market forecasts.

The DAX is starting off a holiday-shortened week with a minor gap lower following Friday’s rip to a new record high. Looking out over the near-term, as long as the market doesn’t fully reverse Friday’s rally and drop below 12700 there isn’t cause for alarm from the long-side. Looking higher, we’ll look to Friday’s high at 12878 as the first level of resistance, then the top-side trend-line extending higher since February; a line which has held clear influence since then.

If the DAX fails to get into gear and trades down below 12700, then the market may be in for some problems. At that juncture, we would be looking at a rejection to maintain new highs and possible double-top, or at the least a drop back to the trend-line off the December swing-low and May bottoms surrounding 12500.

Overall, while trading hasn’t been the cleanest the past month we continue to respect generally bullish global risk trends and run with the notion the DAX will, albeit in perhaps choppy fashion, carve out higher levels. With that said, though, how the market handles the Feb top-side t-line will be important should we soon see it trade up to that point.

Volatility heads up: ECB on Thursday. The market isn’t looking for any changes at this meeting, but look for Draghi and crew to shed light on their intentions with monetary policy as we move towards the second half of the year.

DAX: Daily

DAX - 12700 Important to Near-term Outlook

Paul conducts webinars every week from Tuesday-Friday. See the Webinar Calendar for details, and the full line-up of all upcoming live events.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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