European bourses opened lower on Friday after U.S. tech shares retreated from recent highs and investors reacted to a deluge of earnings reports.
The DAX index continued to stay weak but the bulls are trying hard to make a stand here and reverse the overwhelming sentiment. The trigger for the move in the markets yesterday was strength in tthe US economic data which brought into the view again, the possibility of another rate hike in the US sometime … Continue reading DAX Index Daily Fundamental Forecast – July 28, 2017
The German index fell initially during the day on Thursday, but continues to find support somewhere near the €4100 level. Overall, one of the biggest drags on this market has been that the EUR/USD pair has been grinding higher, and that of course makes German exports more expensive. I believe that there is a massive … Continue reading DAX Price Forecast July 28, 2017, Technical Analysis