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DAX30 CFD with a focus on 11,550 into the new week

August 19, 2019 11:00

Source: Economic Events August 19, 2019 - Admiral Markets' Forex Calendar


As we start the trading week, we want to focus on the DAX30 CFD. While the economic docket is quite thin, and the main focus among market participants certainly lies with the intensifying trade dispute between the USA and China, the eurozone's inflation will at least taken with elevated interest.

This is especially true after the latest comments from Finnish ECB member Rehn ,who said in an interview with the Wallstreet Journal last Thursday that "it is important that we (the ECB) come up with a significant and impactful policy package in September".

With that in mind, any print which comes in below expectations could result in a bullish stint, at least short-term, since market participants could consider such a low inflation reading as an intensifying sign of the ECB delivering such a significant stimulus package (and surely vice versa: a higher than expected print could trigger bearish impulses in the DAX30 CFD).

Technically, the main focus in the DAX30 CFD can be found around 11,550 points on the upside where a break higher would trigger further bullish respectively corrective momentum, activating 11,850 points as a potential target.

On the other hand, failing to recapture 11,550 could trigger another bearish stint down to the pre-weekly lows around 11,250 points, especially if we drop back below 11,400 points:

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Hourly chart (between July 30, 2019, to August 16, 2019). Accessed: August 16, 2019, at 10:00pm GMT


Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Daily chart (between May 18, 2018, to August 16, 2019). Accessed: August 16, 2019, at 10:00pm GMT - Please note: Past performance is not a reliable indicator of future results, or future performance.

In 2014, the value of the DAX30 CFD increased by 2.65%, in 2015, it increased by 9.56%, in 2016, it increased by 6.87%, in 2017, it increased by 12.51%, in 2018, it fell by 18.26%, meaning that after five years, it was up by 10.5%.


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  1. This is a marketing communication. The analysis is published for informative purposes only and are in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
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  3. Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter "Author") based on the Author's personal estimations.
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