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
Gold Price Steadies Near One-Week High B...
March 06, 2025
Market Insights
GER40/DAX Analysis
October 11, 2024
Market Insights
AUD/USD struggles to escape bearish pres...
October 29, 2024
Market Insights
GOLD Weekly Chart Highlights Consecutive...
July 26, 2025
Market Insights
Gold edges higher on Friday to $3375 ahe...
June 06, 2025
Market Insights
AUDUSD made a Doji on daily support leve...
November 19, 2024
Market Insights
