Markets

DAX – Purchasing Managers’ Index convinces

the DAX® benefited this morning from a better than expected purchasing managers index from Germany. The index then climbed over 100 points from the daily low.

With the rise in the morning, the horizontal resistance zone was reached by 12,670 points. First of all, resistance from the seller has to be expected. This expected sales interest would even have the potential to initiate a new wave of sales back towards 12,500 points.

There are currently more important topics than a purchasing managers’ index that is slightly above expectations. Only when the hour ends north of 12,700 points does the buyer have a decisive advantage again in the short term.

Have a nice weekend to all readers!

DAX® in points hourly chart; 1 candle = 1 hour (logical candle chart display)

Observation period: 17.09.2020 – 23.10.2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

DAX® in points monthly chart; 1 candle = 1 month (logical candle chart display)

Observation period: October 1st, 2015 – October 23rd, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

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Turbo Bull on DAX® Index for speculation on an increase in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.leverlast valuation day
DAX® indexHR0G3N 16.9510,9757.4710/30/2020
DAX® indexHR16F6 4.7812,20026.55December 15, 2020
Source: HypoVereinsbank onemarkets; 10/23/2020; 11:40 a.m.

Turbo Bear on DAX® Index for speculation on a price loss of the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.leverlast valuation day
DAX® indexHR14JZ 31.0915,7254.9711/30/2020
DAX® indexHR15JY 21.0814,7256.0011/30/2020
Source: HypoVereinsbank onemarkets; 10/23/2020; 11:40 a.m.
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This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus should not be understood as a recommendation to purchase these UniCredit Bank AG securities. The prospectus including any supplements is decisive and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities when making an investment decision. You are about to acquire a product that is not easy and can be difficult to understand.

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The contribution DAX – Purchasing Managers’ Index is convincing first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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