Markets

Outlook for 25.09 .: DAX – bulls have a hard time!

Investors quickly ticked off the weak targets from the USA in the morning and the German ifo index rose again. However, something more was expected. In addition, the number of initial jobless claims rose surprisingly in the USA. That made investors frown again. The DAX® lost almost 0.3 percent to 12,600 points over the course of the day and the EuroStoxx®50 just under 0.7 percent.

The sideways movement of the past few days continued on the bond market. The yield on 10-year Bunds stagnated in the range of -0.51 percent. The yield on 10-year US paper was 0.67 percent. The wave of consolidation in precious metals continued. The precious metal prices fell between 0.4 percent (gold) and 2.6 percent (silver). Meanwhile, oil can maintain the level of the previous days. The quotation for a barrel of Brent Crude Oil continued to hover between $ 41 and $ 42.

Company in focus

Hella posted a loss in the past quarter. The share then gave up almost all of yesterday’s profits. Kloeckner raised the forecast shortly before the end of the quarter. Investors acknowledged this with a price increase. So far, however, there is no sign of a trend reversal. The software company SNP Schneider concluded a partnership with Fujitsu with a volume in the low double-digit million range. Investors reacted with satisfaction and heaved the paper up. Started last Friday VW the delivery of the ID.3 e-car. The ID.4 was presented yesterday and should be delivered from the end of the year. Today the paper went against the trend a little.

Important appointments

  • United States – Durable Goods Orders

Chart technical outlook

Resistance marks: 12,750 / 12,900 / 13,050 points

Support marks: 12,200 / 12,300 points

After a gap of 12,520 points at the beginning of trading, the DAX® was able to recover quickly and close the gap. In the afternoon, however, the bears spoke up again and pushed the index down to 12,600 points. The index has now built up a support zone between 12,500 and 12,600 points. As long as it is not significantly undercut, there is a chance of a renewed recovery up to 12,800 points. The bulls currently seem powerless and show little stamina. If the index tips below the support zone, there is a risk of a clear setback to 12,200 points.

DAX® in points; 4-hour chart (1 candle = 4 hours)

Observation period: 07/27/2020 – 09/24/2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

DAX® in points; Weekly chart (1 candle = 1 week)

Observation period: 25.09.2014 – 24.09.2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

Inline warrants on the DAX®

Underlying WKN Selling price in euros Lower knock-out barrier in Pt. Upper knock-out barrier in pt. Final Valuation day
DAX® HR03H4 5.59 11,800 16,600 11/19/2020
DAX® HZ22T6 8.43 11,000 13,800 October 15, 2020

Source: HypoVereinsbank onemarkets; As of: 09/24/2020; 5:54 p.m.

You can find information about how inline warrants and numerous other products work here at onemarkets knowledge. You can find leverage and investment products for speculation on an upward or downward movement or sideways movement of the DAX® here.

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