DAX 30 Trades Within a Narrow Range and may Break Either Way
Monday,07/03/2016|06:33GMTby
DailyFX News
Talking Points The DAX 30 is trapped within the narrow range of 9695 to 9931 and may break either ...
Talking Points
The DAX 30 is trapped within the narrow range of 9695 to 9931 and may break either way.
There are no market moving events on deck today.
The DAX 30 (FXCM: GER30) is trapped in the narrow range of 9695 to 9931 and may break either way.
A breakout to the upper barrier at 9931 may take price to the January 13 high of 10,164, while a breach to the lower limit of 9695 may be the beginning of a bearish trend, which may take price to the psychological level of 9500 and then to the February 29 low of 9336.
The reason why I am hesitant to call a reversal in the DAX 30 is due to the overall bullish trend since February 11, which means that traders may see a pullback as a buying opportunity.
Also adding to this bullish sentiment, is Friday’s U.S. Non-Farm Payroll increasing by 242k new jobs in February, beating a Bloomberg News projection of 195k, while wage growth moderated and the labor force increased. This is a good outcome for stock markets and does not suggest that the DAX 30 is currently in need of rolling over.
German Factory orders increased by 1.1% YoY vs. a 0% projected by a Bloomberg News poll, which is a third reason to assume traders will see a pullback as an opportunity to buy.
The DAX 30 is trapped within the narrow range of 9695 to 9931 and may break either way.
There are no market moving events on deck today.
The DAX 30 (FXCM: GER30) is trapped in the narrow range of 9695 to 9931 and may break either way.
A breakout to the upper barrier at 9931 may take price to the January 13 high of 10,164, while a breach to the lower limit of 9695 may be the beginning of a bearish trend, which may take price to the psychological level of 9500 and then to the February 29 low of 9336.
The reason why I am hesitant to call a reversal in the DAX 30 is due to the overall bullish trend since February 11, which means that traders may see a pullback as a buying opportunity.
Also adding to this bullish sentiment, is Friday’s U.S. Non-Farm Payroll increasing by 242k new jobs in February, beating a Bloomberg News projection of 195k, while wage growth moderated and the labor force increased. This is a good outcome for stock markets and does not suggest that the DAX 30 is currently in need of rolling over.
German Factory orders increased by 1.1% YoY vs. a 0% projected by a Bloomberg News poll, which is a third reason to assume traders will see a pullback as an opportunity to buy.
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- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
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Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
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From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
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Lights on. Cameras ready. 🎬
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#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
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➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
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#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
