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German DAX Risks to the Downside

German DAX Risks to the Downside

David Rodriguez, Head of Product


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German DAX– Retail CFD traders are net-long the GER30 contract, which tracks the German DAX equity index, and a contrarian view of crowd sentiment gives us a modestly bearish trading bias. An important caveat is that crowds have recently sold into the past week of DAX gains; total short interest is up 13 percent while long positions have fallen 22 percent.

We maintain a bearish trading bias for the German DAX, but a sustained shift towards retail selling would give reason to take the opposite stance and buy into gains.

See next currency section: S&P - S&P 500 Likely to Hit Further Highs

--- Written by David Rodriguez, Quantitative Strategist for

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