Markets

DAX – ECB in focus – columns

Thursday,
December 10, 2020
10:25

from onemarkets blog

| Views: 381

Yesterday’s weakness on Wall Street this morning has (so far) left hardly any major mark on the DAX®, but most of the price gains from yesterday have been corrected again.

A short-term downtrend has developed in the hourly chart. If this is recaptured today, a quick comeback attempt by the bulls and new advances on the upside towards 13,450 points and higher should be expected. On the other hand, yesterday’s daily low in the area of ​​the 13,325 point mark acts as a sales trigger today – an hourly end below this mark could trigger larger follow-up orders on the bottom. In that case, the area around 13,150 points would quickly be on the agenda again.

The tip of the scales could be the afternoon ECB decision and Wall Street performance. There, technology stocks came under considerable selling pressure yesterday.

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

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Observation period: November 18, 2020 – December 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)

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Observation period: December 1st, 2015 – December 10th, 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

Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR2R6V 39.45 9,425 3.39 December 15, 2020
DAX® index HR1LYP 29.19 10,450 4.58 December 15, 2020
Source: HypoVereinsbank onemarkets; 12/10/2020; 9:58 am
Turbo Bear on DAX® Index for speculation on a price loss of the index
Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR3D4F
24.01 15,725 5.56 December 15, 2020
DAX® index HR1Z94 12.99 14,625 10.27 December 15, 2020
Source: HypoVereinsbank onemarkets; 12/10/2020; 9:58 am
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The article DAX – ECB in focus first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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