Markets

DAX – Keeps the 15,600 mark in front of the labor market data – Columns

The DAX® slipped briefly but heavily below the 15,500 mark around noon yesterday, but quickly recovered in the afternoon. This morning the index is holding above the 15,600 mark after a firm opening.

The market is eagerly awaiting the US labor market report (non farm payroll data) at 2:30 p.m. No major movement is to be expected in advance, but significantly more volatility is to be expected again in the afternoon.

Above 15,500 and 15,550 points, the path of least resistance is further upwards towards new all-time highs in the 15,700 to 15,800 range; a first clear warning signal for buyers would be an hourly end south of 15,550 points. Have a nice weekend to all readers!

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

old

Observation period: May 18, 2021 – June 4, 2021. 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: June 1st, 2016 – June 4th, 2021. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

Turbo Bull on DAX® Index for speculation on an upward movement of the index

UnderlyingWKNSelling price in EURBarrier in pointsleverLast valuation day
DAX® indexHR2ZZZ 37.6011,872.194.16open end
DAX® indexHR6K6J 12.1814,42512.8406/30/2021
Source: HypoVereinsbank onemarkets; 06/04/2021; 11:26 am

Turbo Bear on DAX® Index for a speculationion to a downward movement in the index

UnderlyingWKNSelling price in EURBarrier in pointsleverLast valuation day
DAX® indexHR6LAY 21.2117,7257.3406/30/2021
DAX® indexHR5L8E 13.0816,92511.9706/30/2021
Source: HypoVereinsbank onemarkets; 06/04/2021; 11:26 am
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The contribution DAX – Keeps the 15,600 mark ahead of the labor market data first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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