[Belgrade Bobby]

DAX – GER 30

After testing supports above 22.250 Dax is surging again.

Resistances are: 23.300 & 23.475

Supports: 22.935 & 22.685

I am expecting another test of supports, but not necessarily …

[Alex Lugano]

DAX Up Over 1% on Optimism from Fiscal Agreement
Frankfurt’s DAX gained ground to trade more than 1% higher around 22,890 on Friday, outperforming peers, on reports that Germany’s chancellor-in-waiting Friedrich Merz reached an agreement with the Greens today on a massive increase in state borrowing.

This comes just days ahead of a parliamentary vote next week.

Meanwhile, trade continued to monitor trade tensions, geopolitical events and corporate news.

[Alex Lugano]

German stocks lead European shares rally after report of massive debt deal
Key points:

·         German debt deal needs two thirds majority for plans, vote slated for Tuesday

·         STOXX 600 up 0.8%, Germany’s DAX set to erase weekly losses

·         UMG falls after Ackman’s Pershing reduces its stake

·         Kering plunges after Gucci appoints Demna as artistic director

·         BMW falls on soft auto margin guidance for 2025

German shares led a broad rally in European stocks on Friday, after a report of a historic deal to raise state borrowing in the region’s largest economy.

The pan-continental STOXX 600  SXXP climbed 0.8% as of 1200 GMT, with banks (.SX7P) and defence stocks (.SXPARO) among the top gainers, jumping 1.9% and 2.9% respectively. Germany’s benchmark DAX  DAX rose 1.9%, erasing its losses for the week.

Conservative Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state borrowing ahead of a parliamentary vote next week, a source close to the negotiations told Reuters. A debt deal compromise was now being examined by finance ministry officials, parliamentary sources said.

 

[Alex Lugano]

DAX Slides 1% as Trade War Escalates

Frankfurt’s DAX index extended its losses in afternoon trading, sliding 1% to 22,450, as escalating trade tensions between the U.S. and the EU dampened investor sentiment.

U.S. President Donald Trump threatened to impose 200% tariffs on European wines, champagnes, and other alcoholic beverages after the EU moved to slap a 50% tariff on American whiskey in retaliation for previous U.S. duties on European imports.

Meanwhile, concerns over prolonged conflict in Ukraine deepened after Russia dismissed the proposed U.S. ceasefire deal as merely a “temporary respite,” accusing Washington of imitating peace efforts.

Investors also remained cautious as the German parliament continued debating reforms to the country’s debt brake.

[Alex Lugano]

DAX COULD BE GOING TO DISAPPOINT MILESTONE LOVERS

It’s been a roller-coaster ride for German shares in the last few weeks – you’ve probably noticed – as traders try to price major uncertainties in tariffs, domestic politics and grand geopolitical strategy.

And Deutsche Bank have a good stat. They note Wednesday was the eighth consecutive session where the DAX has moved by at least 1% in either direction.

If the blue chip benchmark manages a ninth, that’d be the first time since the pandemic turmoil of early 2020.

Will it make it? Well it’s down 0.4% after morning trading, so it might have to get a move on.

[Belgrade Bobby]

DAX – GER 30

So far 22.860 holds any possible attempt to higher.

22.250 is now in focus.

If broken, before you see a clear close below it, do not jump to the conclusions.

[Belgrade Bobby]

I am using Daily charts when giving a general direction and sometimes even Clear signals, but for those you have to wait sometimes for days…

It is possible to trade DAX, Gold, Bitcoin on small time frames, but I use very small time frames…15 min and smaller.

But be aware that only high liquidity pairs are behaving nicely….

[Alex Lugano]

If you follow what is Bobby saying about it, you will see that he is not using 4h charts or any smaller time frames for DAX, Gold and such…it is very difficult to figure out intraday moves on those

[Alex Lugano]

Adam if DAX doesn’t go above 22.860, next move will be down…you have to wait on 4h to see the pattern forming and then go with it…not placing yourself in front of the speeding train 😀

[Adam Global]

Any1 who can help

Dax has been killing me since last week

Came from -$67  now its -$32

where to now from here since trade war is still on n stockes are falling

[Belgrade Bobby]

DAX – GER 30

DAX rebounded straight to the Resistance at 22.860 ( a bit short of it) and it is not out of woods.

To have a sustainable move, it has to test the support again at least , and if holds it can go Up.

Close below 22.860 will be Bearish and we should see that test of 22.250

If DAX continues to try Up , this is going to be one big Top, and then you know how it goes…down for weeks if not months…

So, I would like to see deeper correction in coming days, in which case it would be able to regain the strength and continue Up.

[Belgrade Bobby]

DAX – GER 30

Dax came exactly to the support trendline at 22.250.

Judging by the Pattern, it might very well go below it…

In that case, next important support awaits at 21.575

Resistance is now at 22.650 & 22.860

[Belgrade Bobby]

DAX – GER 30

So option No1 came through : Break below 22.900 would lead Dax to around 22.350

Watch closely that Support as it is the Major base for any Up move.

As Yoyo behaviour continues, be ready for anything !

Keep in mind that if DAX fails to penetrate support at 22.350 it will turn Up again and it can be violently….

 

 

[Belgrade Bobby]

DAX – GER 30

Dax reached support at 22.900 , and based on the pattern it creates there are two options for Monday:

–          Break below it would lead Dax to around 22.350

–          Straight Up from the open

This kind of Yoyo behaviour makes it similar to Crypto coins…so some are taking their profits on any new high, but more are buying it on any dip.

It is still in Bullish formation , and for now target stays at 24.200

[Belgrade Bobby]

DAX – GER 30

Dax reached the new high today ( 23.440 ) and if closes around here ( in one hour) tomorrow we’ll be seeing another high.

Dax is targeting 24.200 with :

Supports: 23.300, 23.150 & 22.900

Resistances : 23.450, 23.700 & 24.200

[Belgrade Bobby]

DAX – GER 30

Major Support at 22.200 wasn’t even touched yesterday – low was 22.320 , and DAX opened today with a sizeable gap to the upside.

Resistances now at 23.200 & 23.310

Supports at : 22.790 & 22.650

I was clear yesterday while warning of this possible development .

DAX is still not out of woods, and needs to hold on today’s gains to be able to reach new highs.

[GVI Forex 2]

US OPEN

 
Global Sentiment lifted on tariff optimism, European stocks at highs & Bunds hammered on German spending plans

Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

Sentiment lifted after the US Commerce Secretary suggested Trump could potentially reduce tariffs on Canada and Mexico, perhaps as soon as Wednesday.

European bourses at session highs; DAX 40 +3% outperforms; US equity futures broadly higher with the RTY +1.2%.

EUR surges on German spending plans, DXY around 1.05 after breaking below its 200DMA.

Bunds battered by Merz’s fiscal reform, USTs await data and tariff updates.
Crude subdued continuing recent action & failing to benefit from China’s support which has bolstered base metals.

Try Newsquawk for 7 Days Free

 

[GVI Forex 2]

Using my platform as a HEATMAP shoes

The dollar trading weaker, led by the EURUSD, which is in a breakout mode.\

EUR firmer on crosses as well.

USDJPY failed to hold a move above 150.

German bond yields are sharply higher after deal to ease debt restraints (otherwise known as the debt brake)

DAX is up sharply as well.

Zelensky kisses up to Trump by  showing a willingness to negotiate a peace deal.

Trump’s address to Congress unveiled no new policies.

.Trade war still on but CAD and  MXN  rebound suggest caution and hope it  may be a negotiating tactic

Date calendar: US ADP employment and ISM services PMI.

[Belgrade Bobby]

DAX – GER 30

22.200 – Major support needs to hold if DAX is to continue Up right now.

Current pattern signals a Sell off , but in my experience stranger things happened then if DAX is to continue Up from around here. Just saying what I know…

If this drop was a result of a savage profit taking, it wouldn’t surprise me to see 22.200 holding and DAX continuing its trip…

But we can’t know that, so we have to be ready for trend change.

21.450 is another strong point that can provide footing to it.

[Belgrade Bobby]

DAX – GER 30

DAX opened with a Gap – to the downside.

Current support is at 22.550

Carefully now – I said yesterday that fundamentals will drive DAX Up in the future, but this might be a perfect time for profit taking and some correction – be it a sideways or more deeper…

As long as DAX stays above 22.550 , 22.400 & later on 22.200 it is extremely Bullish.