DAX newsletter

Euro Slides as DAX Eyes Record Highs Amid Market Volatility The euro fell over 1% against the U.S. dollar amid political instability in France, Eurozone rate cut expectations, and global trade tensions. Meanwhile, the DAX surged closer to its all-time high at 20,140, supported by a weak euro and robust market momentum.

The DAX is trading at 19,942.9, consolidating after a breakout above 20,000 and setting an all-time high at 20,039. While strong momentum supports further upside, overbought signals suggest a potential pullback or consolidation.

The DAX is trading at 19,610.9, just 0.2% below its all-time high of 19,678, as global market optimism and rising US markets drive gains. Consolidation appears to be ending, with a breakout above 19,685.3 signaling further bullish momentum.

The DAX is trading at 19,418.1, showing mild bullish momentum but facing potential resistance near 19,430. Traders eye German inflation data and ECB speeches for further direction.

DAX Climbs Amid European Political and Economic Turmoil The DAX is trading at 19,399.6, demonstrating bullish momentum despite rising European political and economic instability. Resistance levels loom, while Germany’s inflation figures and ECB commentary remain in focus.

The DAX is trading at 19,270.6, hesitating near the top of a descending channel, as markets weigh US tariff threats, corporate news, and a jam-packed US economic calendar.

The DAX is trading at 19,266.6, consolidating after testing higher levels near 19,350 but pulling back due to resistance and weaker sentiment stemming from US tariff announcements and Germany’s economic slowdown.

The DAX is trading at 19,402.1, consolidating after breaking above short-term moving averages but facing resistance from a downward sloping trendline near 19,430. Eurozone sentiment data added pressure, with PMIs dropping to 48.1, the lowest in 10 months, sparking expectations of a 0.5% ECB rate cut in December.

The DAX fell to a quarterly low of 18,812 points on Tuesday amid heightened geopolitical tensions but recovered to close above 19,120, marking a key level for short-term bullish momentum. Market Highlights: Geopolitical Impact: Reports of Ukraine’s first use of U.S.-supplied missiles in Russia led to risk-off sentiment, strengthening gold (+0.58%) and the USD. UK Inflation: October inflation rose 2.3% YoY, exceeding expectations, with potential implications for GBP-focused assets.

Key Events (GMT): 13:00: German Buba Mauderer Speaks 13:30: US Housing Data (Oct) 16:45: German Buba Balz Speaks The DAX could see upside if Euro CPI stabilizes inflation expectations, while US markets will focus on housing data ahead of NVIDIA earnings tomorrow. Stay tuned for central bank developments.

The DAX closed last week at 19,211, marking a volatile session with a 711-point range but ending nearly unchanged at -0.02%. The index is currently trading at 19,249, showing slight bearish pressure as traders assess mixed earnings results and key economic events this week.