DAX TRADING: European Central Bank once again gives cause for growth

By | November 4, 2015

Shares of German companies are trying to return to growth after the European Central Bank announced that it can consider expanding monetary stimulus package, as the eurozone economy again began to slow down and generate deflationary threat. During a speech on November 4 Mario Draghi made it clear that at the meeting in December, the Governing Board of the European Central Bank to consider the issue.

Macroeconomic statistics coming recently from the region, wore not very positive. The index of business optimism in Germany and Francerange near the border to the recession level of 50%, the consumer price index in Spainagain in negative territory. In Germany, it is also a step away from deflationary levels.

Futures DAX 30 are in a steady upward trend, but in the last few days were corrected after rapid growth. At the relatively low price levels may be of interest to search for long positions.

dax index chart
Dax index chart

 Trading analytics

DAX 30 (FDAX) – buy dax – Entry price: 10875. Goal: 11095. Stop loss: 10745.
Warning: Profitability in the past does not mean profitability in the future. Any projections are for information only and does not guarantee a result.
Share on FacebookShare on Google+Tweet about this on Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *