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.
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.
Recommended Content
Editors’ Picks
EUR/USD jumps to 1.0910 as Dollar tumbles after Fed meeting Premium

EUR/USD reached levels above 1.0900 for the first time since early February after rising more than a hundred pips following the Federal Reserve meeting. The US central bank raised rates as expected but signalled it could end the cycle sooner than what was expected weeks ago. As a result, the DXY is falling more than 1%.
GBP/USD hits levels above 1.2300 boosted by Powell

GBP/USD climbed from 1.2240 to 1.2335, reaching the highest level since early February on the back of a sharp decline of the US Dollar. The FOMC raised interest rates by 25 bps. Powell warned that inflation remains high, but markets are not seeing further rate hikes. The DXY is at six-week lows.
Gold soars to $1,978 after Fed raises rates as expected Premium

Spot gold jumped to $1,978 during Fed Chair Powell’s press conference and then pulled back. A decline in US yields and broad-based Dollar weakness is offering support to the yellow metal, which is up more than 1% on the day.
Shiba Inu price targets 30% breakout trade which bulls will love to be part off

Shiba Inu (SHIB) price is setting the stage for a breakout trade later in the US session on Wednesday. The chart points to an inflection point with several indicators and bulls need to roll the dice here if they want to use the momentum to their advantage.
BoE Interest Rate Decision Preview: Preparing ground for a rate hike pause in May Premium

The Bank of England (BoE) is seen keeping up its interest rate increases, although at a slower pace in March, as the world battles financial sector risks.