DAX could go either way

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DAX index of German listed shares (FX:GER30)

FX:GER30 DAX index of German listed shares

DAX could still be regarded as bullish , it needs to head back up to 10500 now.

The rate hike probability is not good for DAX , but also implies a sharp fall in EURUSD which may hold it for now. However as previous studies have shown, EURUSD and DAX tend to decouple after FOMC.

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