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While Asian and US indices shoot up to new ATH - the DAX doesn't.
The main reason even the industry performs very well - prices in the world markets for EU products are high.
This is because of the running up of the € versus the $.
We can see within a year a shift of 15.6% in the EURO. Yesterday the exchange price was 1.23 which is a real
brake for the DAX. This is a reason for the sideways move since quite a time.
Today's up and down (means sideways) can bring up two fruitful trades tomorrow Wednesday
and maybe one on Friday.
This is because the Euro collided with the KUMO (north) and is running up again - which means in case
of the DAX some falling for the next days...
For sure - if volumes tomorrow are good, some Dax shorting might be a proposal.
DAX sideways after the new ATH: start of the future @ 13565
Things have to settle a bit - tomorrow ECB decision. Not much volatility expected.
So no trade today because of
• weak week
• gap not closed yet - but still support from Kumo
• low volume expected
• low vola expected
