Markets

Weekly outlook: DAX ends week with new record high, focus on ECB interest rate meeting – columns

Resistance marks: 15,895 / 16,000 points

Support marks: 15,550 / 15,500 / 15,380 / 15,311 / 15,111 / 14,845 points

At the end of the week, the DAX® climbed to a new all-time high in the area of ​​15,700 points. The index was boosted on Friday afternoon by weaker than expected US macro data. The slightly weaker than expected labor market report makes timely interest rate hikes (somewhat) less likely.

As long as the index moves above 15,550 points (hourly closing price), the path of least resistance in the coming week is (for the time being) further north, so the 16,000 mark could move onto the traders’ agenda in the coming trading week.

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

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Observation period: April 14th, 2021 – June 4th, 2021. Historical considerations are not reliable indicators for future developments. Source: Guidants

DAX® in points; Monthly chart (1 candle = 1 month)

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Observation period: June 1, 2016 – June 4, 2021. Historical considerations are not reliable indicators for future developments. Source: Guidants

Inline warrants on DAX® Index for speculation on a sideways movement of the index

UnderlyingWKNSelling price in EURlower barrier in pointsupper barrier in pointsLast valuation day
DAX® indexHR5YJ44.2410,80016,00007/15/2021
DAX® indexHR6UWE3.1214,00016,20008/19/2021
Source: HypoVereinsbank onemarkets; 06/02/2021; 5:08 pm

More leverage products for speculation on an upward or downward movement or sideways movement of the DAX® can be found here.

Cashback trading – when the issuer pays my order fees!

Place orders as usual through your broker or bank. Activate cashback via the Cashbuzz website. Get a credit of up to 50 euros per trade (for trades from 1,000 euros) up to a maximum of 1,000 euros per month. Further information at: www.onemarkets.de/cashback

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