All Articles Tagged - GER30

US Open Preview – Dollar treads water ahead of US inflation data

Posted on March 29, 2018 at 11:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against a basket of currencies yesterday, with dollar/yen surging 170 pips in a single day, though its rally is starting to lose steam again in the European session currently (-0.19%). Today, dollar traders are likely to turn their attention back to the economic calendar and the core PCE index for February. Euro and sterling were sold-off against the US dollar for the second day in a row. [..]

US Open Preview – Dollar on the rise despite trade stress; Techs push European equities lower

Posted on March 28, 2018 at 11:33 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen managed to pick up speed, rising to 105.84 (+0.49%) despite worries that tensions between the US and China could escalate again. The rise came after Trump tweeted that the meeting between the North Korean and the Chinese leaders “went very well” and that the former was “looking forward” to meet Trump. The dollar index, which gauges the greenback’s strength versus six major currencies was also up, standing at 89.51 (+0.16%) as the [..]

Technical Analysis – GER 30 recovers from 7-week low to exceed 12,000 mark; bullish signal by stochastics in very short-term

Posted on March 27, 2018 at 12:21 pm GMT

The Germany 30 index has rebounded after hitting a seven-week low of 11,703.80 during Monday’s trading. The index ended up gaining 1.0% during yesterday’s trading, while on Tuesday – at the time of writing – it is up by around 0.8%. The Tenkan-sen line remains below the Kijun-sen line in support of a negative short-term bias, though the Kijun-sen has flatlined, an indication that downside short-term momentum is running out of steam. Moreover, the stochastics are giving a bullish signal [..]

US Open Preview – Euro, pound erase gains; European equities cheer on trade hopes

Posted on March 27, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen held strong at 105.63, trading at five-day highs during the early European afternoon, underpinned by hopes that a trade war between the US and China could be averted based on encouraging comments made by US and Chinese authorities in recent days. Not so hawkish remarks delivered by the Atlanta’s Fed President, Raphael Bostic (a centrist voting member) pressured the pair temporarily after Bostic said in an interview with the Wall Street Journal published today that tax cuts might [..]

US Open Preview – Major currencies gain ground as trade fears recede; European equities move higher

Posted on March 26, 2018 at 12:26 pm GMT

Here are the latest developments in global markets: FOREX: Trump’s decision to exempt several countries from his import tariffs on Thursday and today’s headlines that China is stepping up efforts to start trade negotiations with the US, gave a lift to dollar/yen during early European trading hours, sending the pair to 105.83 (+0.37%) from a 16-month low of 104.55 touched earlier today. The dollar index, though, which tracks the dollar’s strength versus six major currencies was unable to bounce up, falling [..]

US Open Preview – Dollar bears in charge; European equities tumble as trade fears persist

Posted on March 23, 2018 at 12:05 pm GMT

Here are the latest developments in global markets: FOREX: The Japanese yen was moving sideways near a 16-month low of 104.60 reached during the Asian session, last seen at 104.98 (-0.27%), as financial markets were rattled by worries over rising US-China trade tensions. Moreover, Turkey’s lira hit a record low of 4.03 to the dollar after the region failed to receive an exemption from the US import tariffs on Thursday. Dollar/lira surged 1.01% so far on Friday, paring some gains in the [..]

US Open Preview – Dollar holds weak ahead of Trump’s Chinese tariffs; BoE decides on interest rates

Posted on March 22, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was falling by 0.03% against a basket of major currencies during early European afternoon and dollar/yen remained under pressure, losing 0.39%. The fall in the dollar came in after the Fed raised interest rates, as was widely anticipated, but stayed on course for three rate hikes this year, disappointing those who hoped for the famous dot plot to signal four rises for 2018. The euro managed to hit a one-week high of 1.2387 early on [..]

US Open Preview – Dollar on the backfoot ahead of Fed rate decision

Posted on March 21, 2018 at 12:44 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was falling by 0.18% and the dollar index was also under pressure, losing 0.25% at the time of writing as investors were preparing their positions ahead of the Fed interest rate announcement later in the day. While the dollar was struggling to gain ground, the euro managed to recover some losses, with euro/dollar moving higher towards 1.2278 (+0.23%). Pound/dollar touched an intraday high of 1.4074 before it slipped to 1.4043 (+0.34%) after [..]

Technical Analysis – German 30 stock index struggles below 12480; death cross within 50 and 200 SMAs created

Posted on March 20, 2018 at 2:25 pm GMT

The German 30 stock has been moving below the 12480 strong resistance level after the strong sell-off at the end of the previous month. The critical death cross between the 50 and 200 medium-term simple moving averages (SMAs) indicating significant selling interest. Looking at the daily timeframe, the RSI indicator holds below the 50 level and is flattening. However, the stochastic oscillator posted a downward crossover within the %K and %D while is approaching the 20 level. Further losses should see [..]

US Open Preview – Euro, pound post strong rally; European equities open lower

Posted on March 19, 2018 at 12:59 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar index outperformed on the day against a basket of currencies, falling to 89.97 (-0.22%) as the euro and the pound strengthened. Dollar/yen was gaining positive momentum in the face of uncertainties surrounding the Japanese finance minister and ahead of the FOMC rate decision on Wednesday, with the pair climbing to 106.30 (+0.21%). Euro/dollar recouped Friday’s losses rallying to 1.2324 (+0.13%) after Reuters sources reported that the ECB has shifted focus from [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GER30

XM Live Chat