Germany’s DAX continues to print fresh record highs, ending yesterday’s session above the 15000 at 15041, supported by automakers, Biden’s unveiling of a USD2.25 trillion infrastructure package, and assurances from ECB President Lagarde that policy makers are ready to use full range of tools. Weaker than expected German Retail Sales released this morning did little to dent sentiment as investors look ahead towards German and Eurozone Markit Manufacturing PMI data, with a weaker reading to favor a pullback lower back towards 15000.

Support: 15000 / 14800
Resistance: 15150 

 

Risk Warning: 79% of retail CFD accounts lose money

This analysis is just part of a greater daily market report on 8+ of the hottest instruments and assets provided to all SquaredFinancial clients.

Register for a live account and receive the daily report in full detail for free. 

Disclaimer: This information is only for educational purposes and is not an investment recommendation. The information here has been created by SquaredFinancial. All examples and analysis used herein are of the personal opinions of SquaredFinancial. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading securities, options, futures, and forex can be substantial. Customers must consider all relevant risk factors including their own personal financial situation before trading.