Home News Daily market commentary: The risk appetite remains strong, especially after the German...

Daily market commentary: The risk appetite remains strong, especially after the German GDP data outperformed estimates

28
0



The DAX-40 Index is currently fluctuating following its impact at the 3,970.0pts resistance (61.8% Fibonacci). Additionally, the MACD indicator already indicates a slowing bullish tendence (bearish divergence), in the mid-term outlook. As previously said, a break-out of the 3,970.0pts level isn’t likely today, but the market may find further support over the 3,950.0pts, 3,935.0pts and 3,905.0pts zones.

Pierre Veyret– Technical analyst, ActivTrades


Disclaimer: The opinions expressed by the authors are their own and do NOT reflect the views of LeapRate. This is not trading advice.

LeapRate first published the post Daily market commentary: Risk appetite continues to be strong, especially after German GDP estimates surpassed expectations



Continue reading…

Previous articleWhat happens when a Bear Market Rally becomes a Bull Market
Next articleWeek Ahead – All eyes on the jobs report