ZuluTrade Blog

Market View

DAX consolidates near the Highs

Tuesday, May 16, 2017 5:43 AM GMT

Due to lack of important news, DAX is consolidating near the recent highs (12820). Today’s Euro news was neutral as well.  Germany’s ZEW Survey about Economic Sentiment was less than expected  (Previous: 19.5, Forecast: 22.0, Actual: 20.6) but Current Situation was better (Previous: 80.1, Forecast: 82.0, Actual: 83.9). Regarding EU, Gross Domestic Product remained stable (Previous: 0.5%, Forecast: 0.5%, Actual: 0.5%) and Trade Balance was increased (Previous: €19.2B, Forecast: €18.8B, Actual: €23.1B). 

Later today, the US based news are not expected to affect the charts remarkably. 

Let’s see the technical view from weekly to hourly.






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