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Dax - Short - Pre PayrollsThe Dax could move lower towards support around 14,000 as equities continue to look shaky over inflation fears and subsequent comments by Yellen that as a result rates may need to be raised sooner than previously anticipated by the market. Additionally, the RSI is at 65 indicating the index could start to become overbought as we await non farm payrolls on Friday, which could highlight further that the US economy is overheating and inflation will overshoot the FED's target rate.
XETR:DAXShort
by KQMarkets
2
EURUSD - Short - Post Inflation Data ReleaseWe see still EURUSD moving lower as the currency pair continues it's upward momentum despite higher than expected inflation data with core inflation rate YoY coming in at 1.6% vs 1.5% forecast. The EUR has been boosted by greater optimism surrounding the vaccine rollout in the EU as we await key economic data releases including German inflation and US retail sales on Thursday for any significant price action. Therefore we believe there could be some volatility later during the week but we expect prices to resume their medium term downtrend below resistance at 1.214.
Short
by KQMarkets