The DAX, Germany's main stock index, has been on a rampage!
Compared to American indices and crypto, it's continued to hit record highs.
Several factors have been fueling this rise:
Increased Government Spending: Germany's plan to invest around €500 billion in infrastructure and defense has boosted investor confidence.
European Central Bank (ECB) Rate Cuts: The ECB's recent interest rate reductions aim to stimulate economic growth, making equities more attractive.
Attractive Valuations: European stocks, including those in the DAX, have lower price-to-earnings ratios compared to U.S. stocks, drawing investors seeking value.
investopedia.com
Global Economic Optimism: Positive developments, such as potential resolutions in trade tensions and geopolitical conflicts, have improved the global economic outlook, benefiting export-oriented indices like the DAX.
Technically, it's been a trend traders haven. It continues to bounce up on not only the Uptrend line but also the 20MA.
So if momentum like this continues we will see it reach a psychological level of 24,000.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Compared to American indices and crypto, it's continued to hit record highs.
Several factors have been fueling this rise:
Increased Government Spending: Germany's plan to invest around €500 billion in infrastructure and defense has boosted investor confidence.
European Central Bank (ECB) Rate Cuts: The ECB's recent interest rate reductions aim to stimulate economic growth, making equities more attractive.
Attractive Valuations: European stocks, including those in the DAX, have lower price-to-earnings ratios compared to U.S. stocks, drawing investors seeking value.
investopedia.com
Global Economic Optimism: Positive developments, such as potential resolutions in trade tensions and geopolitical conflicts, have improved the global economic outlook, benefiting export-oriented indices like the DAX.
Technically, it's been a trend traders haven. It continues to bounce up on not only the Uptrend line but also the 20MA.
So if momentum like this continues we will see it reach a psychological level of 24,000.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.