DAX Index Daily Fundamental Forecast – December 13, 2017
The DAX continues to consolidate and range and this has been the case over the last few weeks. It has led to many of the traders going into slumber and beyond this week, we are likely to see even lesser volatility in the markets as we head towards the end of the year.
DAX In a Slumber
The DAX is contained by the pressure exerted over it by the political factors like the Brexit process and the coalition talks in Germany. It looks as though these might take their own time in getting resolved and hence this is likely to keep the DAX under pressure during the short term. It is under these circumstances that the traders have to somehow try and eke out some trades that will help them to make some trades.
As we head towards the second half of the week, some volatility might be brought into the markets by the Fed announcement of a rate hike, something which the market expects it to do today. The index is also likely to be impacted by what the ECB has to say when they get their turn later in the week. We doubt whether any of these would be strong enough to push the index through the highs or lows of its range but it should be something interesting to watch.
Looking ahead to the rest of the day, the focus would obviously be on the FOMC rate announcement and statement and it remains to be seen what kind of an impact it will have on the stock markets. A hawkish Fed is likely to lead the indexes higher but this is likely to be only for the short term.
This article was originally posted on FX Empire
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