DAX completely ran through its range during the week. The US jobs report and quarterly numbers are trading relevant for the new week.
DAX-Momentum an Range-Kante
After a premium of around 5 percent in the first trading week of the year, the DAX is back at the upper end of its range, which we have looked at again and again over the past two months:
Is there a breakthrough here? At least the labor market data from the USA gave encouragement. On Friday they were above expectations but still slightly below the previous month’s ticker data and confirm that the US economy is in a solid position in which the US Federal Reserve Bank does not have to intervene hastily:
This further brightened the mood in the US, as the Feed and Greed Index shows:
I will be happy to show my trading on Wall Street again from Monday at the start of trading:
Overall, the DAX was still much better than Wall Street, as the summary of the indices shows on a weekly basis:
What can you derive from this for the new week?
DAX ideas for the start of the week
the am Friday in the morning analysis 14,500 shown was just short-term resistance (review):
It did indeed lure the mid-December high, which is also a 6-month high:
This meant the upper line from the Friday analysis (review):
This was also achieved directly in the post-exchange:
I show you the resulting “Big Picture” with some other ideas in this video of this analysis:
Start your trading day on Germany’s first financial stream channel in HD – dem Twitch channel FIT4FINANZEN then again on Mondays free of charge and for several hours with other traders LIVE the course of trading, the quarterly figures and other financial data:
You will receive this analysis and all chart images in advance by e-mail.
This brings us directly to the upcoming dates.
Dates for the new trading week
The live trading room starts on Monday at 3.30 p.m. and on the other days at 10.00 a.m. together with Marcus Kleber. You are welcome to register directly:
In addition to forex and index movements, we usually also address stocks that are currently with their quarterly figures provide impetus to the market.
There are also other key data from the economic calendar.
We start on Monday with the unemployment rate from the EU and then on Thursday with the EU economic bulletin. The most important anchor point should be the consumer prices from the USA at 2.30 p.m. on Thursday, as well as the Uni Michigan Index on Friday afternoon.
Excerpts of the most important dates are shown here. A daily updated selection is made in the daily analyses.
With that, I wish us every success at the start of trading and look forward to seeing you in the other formats.
Your invitation to the trading community with around 2,200 traders
Yours Andreas Bernstein
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