US30 heading 26700, DAX30 consolidating in range.
Updated
The US30 has recovered faster in the process and is heading toward 26.700, with eye on 28000. We have FED Chair coming up with comments, we may get an Idea of what kind of policy we might expect in the near future.
The DAX30 is consolidating and moving in range in the sideways, waiting for a fundamental catalyst to move it out of this range, German Unemployment announcement Feb 28 and German Manufacturing PMI Mar 01 with stronger results can move the price higher 12750-12800. Also it all depends of how the investors read the results in relation to EU monetary policy and trade legislation, thou the results are directly affecting companies listed on the DAX30 so we may see immediate movement of the price out of the range.
The DAX30 is consolidating and moving in range in the sideways, waiting for a fundamental catalyst to move it out of this range, German Unemployment announcement Feb 28 and German Manufacturing PMI Mar 01 with stronger results can move the price higher 12750-12800. Also it all depends of how the investors read the results in relation to EU monetary policy and trade legislation, thou the results are directly affecting companies listed on the DAX30 so we may see immediate movement of the price out of the range.
Note
The catalyst for movement in #DAX30 presented. #BMW #Mercedes #VW #DieselDiesel cars can be banned from German cities, court rules reut.rs/2CMuH3c
Note
US30 and DAX30 have consolidated over the last two sessions, today we have bullvs bear movement, where prices now are in the middle of that battle.
The Trade Academy R&D Team
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