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In Germany Year-on-year, the GDP advanced 1.2 percent, slower than preliminary estimates of a 1.6 percent growth and a 1.5 percent expansion in the third quarter. It was the weakest expansion since the September quarter 2014. Household final consumption rose 1.5 percent, the same pace as in the previous quarter. Government consumption expanded 3.2 percent, down from a 3.5 percent expansion in the September quarter. Overall consumption contributed 1.5 percentage points to growth. Gross fixed capi…
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Predicting DEU.IDX/EUR
In Germany DAX is on rise with the release of upbeat coporate earnings reports for the last quarter of 2016, although political uncertainty continue to weigh. In coming months Investors are expected to remain cautious as worries over elections in France, Germany, the Netherlands and possibly Italy, as well as the ongoing row over Greece's bailout is adding to concerns over political risk in the euro area.
If we look on technical charts we can see that DAX is in uptrend on the monthly charts with…
If we look on technical charts we can see that DAX is in uptrend on the monthly charts with…
DEU.IDX/EUR FOLLOWING THE UPTREND
DEU.IDX/EUR is following US markets and had a breakout last wee after consolidation for long. As ECB said, it is increasing quantitative easing programme. It has next resistance at near 12400.
TOOLS USED: ICHIMOKU, LONGER TERM SUPPORT RESISTANCE PRICE ACTION.
CHARTS : WEEKLY
TOOLS USED: ICHIMOKU, LONGER TERM SUPPORT RESISTANCE PRICE ACTION.
CHARTS : WEEKLY
Waiting for DAX breakout.
DAX broke on the upside of weekly downward trend line in Aug 2016. In last three months it is treading sideways with weekly trend line acting as support.
Yesterday after US presidential election results were announced it rallied from the low of 10040 to 10700 as of now. There are not many scheduled risk events till FOMC next month. If not for any unforeseen risk off event I am expecting the rally to continue this month till the horizontal resistance of 11400. There might be some correction post…
Yesterday after US presidential election results were announced it rallied from the low of 10040 to 10700 as of now. There are not many scheduled risk events till FOMC next month. If not for any unforeseen risk off event I am expecting the rally to continue this month till the horizontal resistance of 11400. There might be some correction post…