Brexit deadline extension supports

Quarterly reporting season in focus

The positive trade talks between China and the US are currently supporting the German leading index, but do not give it wings. Even the provisional all-clear in terms of unregulated Brexit relieved rather than that the market is dynamic. From a fundamental point of view, the provisional US consumer confidence of the University of Michigan should be the focus of investors today. In addition, today the US banks JP Morgan and Wells Fargo publish their quarterly reports. The DAX 30 will defend again today the important SKS neckline at 11,800 points. This brand is the linchpin. The 12,000 are more psychological. Nonetheless, they represent a "magic hurdle". All in all, the DAX continues to be in the up mode, albeit with the utmost clarity. This positive trend can now carry him up to 12,500 meters. At this point, we have often pointed to this mark. However, the decisive factor is how the German leading index will behave at 11,864 - 11,800. A test of the two brands is very unlikely for today but never completely ruled out. The market technical indicators are neutral. Striking is the interaction of slow stochastics with holding lower uptrend line. Charting technology and market technology indicate that the stabilization can certainly lead to a positive conclusion to the week. The Upper Bollinger Band makes room until 12.145. All in all, the DAX is currently expected to oscillate between 12,029 and 11,864.

 

 

Trend return successfully defended & deftly defended

Brexit deadline extension supports

The information presented on this website does not represent an investment recommendation or investment advice or tax advice or legal advice and therefore can not replace a case-oriented advice. This presentation is not accompanied by any offer or solicitation to buy investment fund units. Information on opportunities and risks can be found in the current sales prospectus. The binding basis for the purchase of a fund is the key investor information (KIID), the valid sales prospectus and the terms of contract