DAX: European Central Bank may push up the benchmark

By | September 3, 2015

German DAX30 index has a chance of further recovery. On the one hand, a festive day in China gives the markets a breather, because often it is the Asian benchmarks become “instigators” of decline. On the other, the decision will be published today, the European Central Bank’s monetary policy. Rapid growth is not enough to price pressures in the euro area risks by maintaining a low level of inflation, caused by the fall in commodity prices and a slowdown in China‘s economy, giving reason to believe that one of the next meetings of the regulator can declare the need to expand the program of quantitative easing. Consequently, the soft tone of comments Mario Draghi will contribute to further growth FDAX.

In the area of 10,323.0 level of quotes formed a resistance. Above this level may be located a sufficient number of orders, the operation of which will lead to faster growth likely target at the level of 10795.0.

dax chart
Dax chart
Trading analytics
DAX 30 (FDAX) – buy dax – Entry price: 10323. Goal: 10795. Stop loss: 9977,6.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for information only and does not guarantee a result.

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