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Normally NFP numbers do not much influence the DAX - as they are on Friday and come out 14:30h European time.
By then a normal trade here had been closed already.
Will be interesting, how the FDAX-trading during the Asian-session will affect the FDAX. At least the High/Low of the day will be different and the Gaps will be smaller.
Not very bright signs at the horizon for world markets.
This influences the DAX most as the big production in Germany is strongly exported.
Looking back some years in the daily chart we get some hints where the travel might go.
First thing to mention is that the bears have more weight.
Things like Brexit, like rising interest rates, like more weapons with less climate goals etc.
bring the indices down - all because of certainty decreases - and markets react in advance.
Here my chart with two goals within the next 12 to 18 months:
Gap down over the weekend - influenced from USA and Asia trades before Europe opening.
Dax was indecided up during IB as the breaking news came in that GB may do a self decided exit
or cancel the origin decision. Came from the European court... So the price reversed to down.
Trade here: short from 10:30 to 13:00
entry @ 10697
exit @ 10739
result -42 points ---> price movements not as awaited..
GFIs1
PS: Be aware of last ECB decision taking place coming Thursday!
ECB did not change much - except stopping to buy bonds by end 2018 which was announced earlier this year.
ECB has a bond collection worth more than a trillion Euro...