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. 

CFDs are complex instruments and come with a high risk of losing money rapidly 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. This Webinar is purely for information purposes. Transactions or orders are for illustrative purposes only and should not be copied by traders. The content has been carefully compiled. However, no liability can be accepted by FX Strategies. Asia and under no circumstances should this material replace a consultation with a certified financial, investment or investment advisor in terms of their accuracy. Further information on our risk warnings can be found on our website under fxstrategies.asia.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD stays below 1.0700 as focus shifts to US data

EUR/USD stays below 1.0700 as focus shifts to US data

EUR/USD stays on the back foot and trades in negative territory below 1.0700 as investors await US PMI data. Earlier in the day, the data from Germany and the Eurozone showed that the private sector lost growth momentum in early June, making it hard for the Euro to hold its ground.

EUR/USD News

GBP/USD struggles near 1.2650 after UK PMI data

GBP/USD struggles near 1.2650 after UK PMI data

GBP/USD is struggling to stage a rebound from the monthly low it set below 1.2650 on Friday. The mixed PMI data from the UK limits Pound Sterling's upside, despite the stronger-than-expected Retail Sales data for May. US PMI data are coming up next.

GBP/USD News

Gold extends rebound to fresh two-week-high above $2,360

Gold extends rebound to fresh two-week-high above $2,360

Gold continues to stretch higher and trades at its highest level in two weeks above $2,360 after posting strong gains on Thursday. Falling US Treasury bond yields and the cautious market mood support XAU/USD ahead of US PMI data.

Gold News

Bitcoin retraces to crucial support

Bitcoin retraces to crucial support

Bitcoin price encounters resistance at weekly highs before retracing to seek support at a crucial level, while Ethereum and Ripple align closely with Bitcoin's movements, gearing up to surpass resistance barriers and embark on upward rallies.

Read more

US S&P Global PMIs Preview: Economic expansion set to extend into June

US S&P Global PMIs Preview: Economic expansion set to extend into June

The S&P Global Manufacturing PMI is forecast to edge lower to 51.0 from 51.3 in May, and the Services PMI is expected to retreat to 53.7 from 54.8. A reading above 50.0 presents an expansion in the sector’s business activity.

Read more

Majors

Cryptocurrencies

Signatures