DAX making a bullish Flag

DAX was up on Thursday after testing the low level of 20304 in the last trading session as The DAX gained traction and closed higher on Wednesday afternoon to close 0.4% higher at 20,415, after inflation in the US came in line with expectations, reinforcing bets the Fed will deliver another 25bps rate cut next week. In addition, traders await the ECB monetary policy decision tomorrow, expecting a fourth rate cut and clues on next year’s rate policy. Meanwhile, a batch of corporate updates prevented further gains.

Recent News

Gold price breaks records above $3200 on...

April 11, 2025

Market Insights

Gold soars to unprecedented highs driven...

April 21, 2025

Market Insights

Golden Opportunity Above 2922 Eyeing 293...

March 12, 2025

Market Insights

Dow Jones US30 Forms Bullish Flag Near R...

March 25, 2025

Market Insights

Dow Jones Index Forms Wedge Near Key Sup...

February 24, 2025

Market Insights

Oil News & Analysis

October 18, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window