EU bourses headed lower today with the German DAX opening lower following a strong session across global equity markets overnight after the prospect of a potential Covid-19 vaccine sparked a new wave of investor optimism.

Dax

Today, global bourses headed lower with the DAX set to slide during the day and ahead of the European Central Bank Interest rate decision. The ECB rate should remain steady with no change expected, however, we might see an increase in their asset purchase program as well as potential support for lenders, who are currently suffering due to the negative interest rate. We sold the DAX today at 12850 with SL at 12960 and TP at 12650. 

Risk Warning: CFDs are complex instruments and come with a high risk of losing your invested capital due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The content of this material and/or any information provided by BDSwiss Group should not be in any way construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument and it is not intended to provide a sufficient basis on which to make investment decisions, in any manner whatsoever. Any information, views or opinions presented in this material have been obtained or derived from sources believed by the BDSwiss Research Department to be reliable, but BDSwiss makes no representation as to their accuracy or completeness. BDSwiss Group accepts no liability for losses arising from the use of this data and information. The data and information contained herein are for background purposes only and do not purport to be full or complete.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD keeps falling wedge breakout past 1.1800, Fed verdict eyed

EUR/USD remains mildly bid, up for the third consecutive day around 1.1825, heading into Wednesday’s European session. The major currency pair confirmed a bullish chart pattern earlier in the week and the upside momentum extends as markets prepare for the FOMC.

EUR/USD News

GBP/USD consolidates below 1.3900 as US Treasury yields rebound

GBP/USD treads water on Wednesday in the Asian trading session on Wednesday. The pair confides in a very narrow trade band with no meaningful traction. The sterling maintains its strong stance on Brexit and fall in COVID-19 cases.

GBP/USD News

Gold claims $1,800 mark ahead of the Fed

Gold prices hover in a familiar trading range of $1,795 and $1,805 on Wednesday. The US 10-year bond Treasury yields retreat to 1.23% as investors await the FOMC meeting for further clues on the Fed’s next move on interests rates and growth outlook.

Gold News

Theta price gains over 100%, confirms a bullish trend change

Theta price printed a new correction low on July 20, undercutting the May 19 low of $3.70 and the 78.6% retracement level of $3.54 before rallying 100% into yesterday’s high. The convergence of key resistance levels prevented an extension of the rally.

Read more

Federal Reserve Preview: Three reasons why Powell could pause, pummeling the dollar

Tapering is not a question of if, but when – and the timing of the Federal Reserve's announcement to create fewer dollars may have to wait longer. The world's most powerful central bank has been buying bonds at ....

Read more

Majors

Cryptocurrencies

Signatures