DAX bounce back from Daily Support levelS

DAX was up on Wednesday morning after testing the low level of 18871 in the last trading session as Producer prices in Germany shrank 1.1% year-on-year in October 2024, following a 1.4% fall in the previous month, matching market forecasts. This marks the 16th consecutive period of producer deflation, dragged by a sharp decline in energy prices (-5.6%), with costs falling for mineral oil products (-12.9%), light heating oil (-22.7%), fuels (-12.1%), natural gas (-10.1%), and electricity (-7.3%). Excluding energy, producer prices increased by 1.3%.

Recent News

Dow Jones at a Crucial Point Watch for B...

March 12, 2025

Market Insights

Smart recovery in Yen pairs. EUR/JPY bou...

March 05, 2025

Market Insights

DAX Poised to Test Key Support Level

December 20, 2024

Market Insights

Dow Jones at Critical Support Flag Forma...

February 28, 2025

Market Insights

Gold trading in tight range amid Geopoli...

December 09, 2024

Market Insights

Gold Price Drops to $3,000 Amid Geopolit...

March 24, 2025

Market Insights

Maddy

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window