DAX 30 Maintains a Bullish Drift Ahead of Today’s Fed Meeting
Wednesday,16/03/2016|06:27GMTby
DailyFX News
Talking Points The overall trend remains bullish above the ECB rate meeting low of 9397. Data which may influence ...
Talking Points
The overall trend remains bullish above the ECB rate meeting low of 9397.
Data which may influence the DAX 30, are both today’s U.S. inflation report and the U.S. Industrial production figures.
However, today’s most important event will probably be the Fed rate meeting.
The overall trend remains bullish above the ECB rate meeting low of 9397 from Thursday last week.
Trend following traders might therefore keep on buying the DAX 30 (FXCM: GER30) and lift it higher. This view is also supported by the FXCM SSI, which shows that 51% of retail traders are short the GER30. The SSI is a contrarian indicator and hints that we may see a higher GER30 over the coming days ahead.
Traders who are not already long the DAX will probably require an entry with a good risk/reward ratio. If these traders are expecting the DAX to reach the next resistance level of 10,164 and for the DAX to respect the ECB rate meeting low of 9397, a decline to 9654 may be needed in order to obtain a potential gain, which is two times the potential loss. Please see the chart below.
Bearish trades will probably remain side-lined until the short-term uptrend in place since mid-February ends. This may happen on a break to last Thursday’s low of 9397 and in this scenario, the price may reach the February 24 low of 9122, followed by the February 11 low of 8705.
Today’s most important event will probably be the Fed rate meeting. The Fed will update market participates on its view of the economy and about potential changes to monetary policy. Most participants expect no change to the Fed key rate today and would likely rather want to know if the Fed will raise rates in June.
The overall trend remains bullish above the ECB rate meeting low of 9397.
Data which may influence the DAX 30, are both today’s U.S. inflation report and the U.S. Industrial production figures.
However, today’s most important event will probably be the Fed rate meeting.
The overall trend remains bullish above the ECB rate meeting low of 9397 from Thursday last week.
Trend following traders might therefore keep on buying the DAX 30 (FXCM: GER30) and lift it higher. This view is also supported by the FXCM SSI, which shows that 51% of retail traders are short the GER30. The SSI is a contrarian indicator and hints that we may see a higher GER30 over the coming days ahead.
Traders who are not already long the DAX will probably require an entry with a good risk/reward ratio. If these traders are expecting the DAX to reach the next resistance level of 10,164 and for the DAX to respect the ECB rate meeting low of 9397, a decline to 9654 may be needed in order to obtain a potential gain, which is two times the potential loss. Please see the chart below.
Bearish trades will probably remain side-lined until the short-term uptrend in place since mid-February ends. This may happen on a break to last Thursday’s low of 9397 and in this scenario, the price may reach the February 24 low of 9122, followed by the February 11 low of 8705.
Today’s most important event will probably be the Fed rate meeting. The Fed will update market participates on its view of the economy and about potential changes to monetary policy. Most participants expect no change to the Fed key rate today and would likely rather want to know if the Fed will raise rates in June.
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Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
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In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
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He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
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-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
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This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
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#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
