The DAX 30 (FXCM: GER30) is bearish below Wednesday's high of 9129 and given this downtrend, traders will most likely use a correction to 9000 as an opportunity to add to their bearish exposure with stops above 9129.
Risk-aversion in the financial markets is abating which lifts the FTSE 100 and it seems fair to expect the FTSE 100 to digest its losses today.
The Euro traded sideways to slightly lower versus other majors after today’s GDP figures showed a rise in Q4, Greece slipped back into recession.
Date (GMT)EventCons.ActualPreviousMay 18 22:45Producer Price Index - Output (QoQ)-0.900 %-0.100 %
Date (GMT)EventCons.ActualPreviousMay 18 21:00Producer Price Index Growth0.000 %-0.100 %
Date (GMT)EventCons.ActualPreviousMay 18 21:00Producer Price Index Growth (YoY)-3.600 %-3.700 %
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Forex Knowledge Resource
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Education in its general sense is a form of learning in which the knowledge, skills, and habits of a group of people are transferred from one generation to the next through teaching, training, orRead More