Bulls were fast yesterday to take the central stage right from the beginning. The uptrend was steady with slight corrections on the way. Their efforts were halted by US President Trump and his flash Tweets which sent global markets to a hole, Dax inclusive. The session was closed lower at 12 065.
Important zones
Resistance: 12 283
Support: 11 979
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
14:30 CEST - USA - NFP, Wages & Unemployment Rate
Today's session hypothesis
Today's session will probably be characterized mainly by the Non-Farm Payrolls release over the pond. The volatility from the US Markets often echoes to Dax too. Besides the headline NFP, be careful to monitor the wages as these tend to matter most. Today's session was opened with a 60 points gap which actually has a very low probability of being closed. Considering this, we rather favour bears and the price decline. Yesterday's low was already broken and the next support that awaits us lays at 11 979 which also isn't any far.
Important zones
Resistance: 12 283
Support: 11 979
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
14:30 CEST - USA - NFP, Wages & Unemployment Rate
Today's session hypothesis
Today's session will probably be characterized mainly by the Non-Farm Payrolls release over the pond. The volatility from the US Markets often echoes to Dax too. Besides the headline NFP, be careful to monitor the wages as these tend to matter most. Today's session was opened with a 60 points gap which actually has a very low probability of being closed. Considering this, we rather favour bears and the price decline. Yesterday's low was already broken and the next support that awaits us lays at 11 979 which also isn't any far.