KQMarkets

Dax - Still Short Despite Limited Price Action

Short
XETR:DAX   DAX Index
We still hold a short view on the Dax despite limited price action as rising treasury yields despite central bank's dovish stance continue to put stocks under pressure. We see prices potentially dropping towards support at 13,000 as we await GSK consumer confidence and also key US data including durable goods orders tomorrow.

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.