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Euro Rallies Largely on the Back of Dollar Weakness

Against the US dollar, the euro regains ground. EUR/USD is exchanging at 1.2255 in the American session, up 0.34 percent on the day. The euro has hit a new daily high of 1.2262, the highest since Jan. 4. The euro gained a foothold despite the vacation on Monday, and the rising trend has continued on […]

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German Dax hits April 16 highs

Key Resistance: 15535 Key Support: 15355 – 15250 The German Dax has rallied 5% since it bottomed around 14820 late last week and now is retesting April 16 highs (all time highs) whilst breaking the short term structure and last week´s highs. The last time the Dax traded at these levels it dropped 4.56% (710 […]

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DAX Performs Positively as Market Risk Mood Soars

Germany stocks traded higher on Thursday, as Transportation and Logistics, Industrials, and Media sectors saw significant gains. At the close of the market yesterday (Frankfurt time), the DE30EUR (DAX) grew by about 0.4%, while the MDAX and TecDAX rallied by 0.87% and 0.08%, respectively. The best performers under the DAX were Volkswagen (DE: VOW3), which […]

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