dax
The latest market commentary on the surge in the DAX from Exante’s Senior Analyst, Victor Argonov. The Surge In DAXThe new week started with big hopes, or more appropriately wishful thinking on part of investors who were hoping to see an end in the conflict between Russia and Ukraine. European indices were led by a 3% surge in the DAX this morning, which is unsurprising given Germany’s large exposure to Russia. This came after Ukraine and Russia officials gave an upbeat assessment of the progress of talks. HOWEVER, just before mid-day in London, those hopes were dashed and European markets cam...
ValueWalk
November 23, 2020 Update: The DAX Index has surged after holding the 38.2% retracement of the rally from earlier this year at 11,472, and it’s back above its 200-day average of 12,063. Credit Suisse analysts believe that leaves the market testing the upper band of the range and March downtrend.They said the DAX Index must move above the September range high and the gap resistance at 13,460 and 13,501 to mark a conclusive break leading to a test of the February record high at 13,795. Credit Suisse analysts see immediate support at 12,670, and if it breaks that level, they see a decline back to ...
ValueWalk
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