Dax

DAX rises ahead of inflation data. GBP/USD falls after stronger US data & UK service sector gloom.

In Europe, concerns about US tariffs, a struggling Eurozone economy and political uncertainty in France and Germany are continuing to hold back risk assets. France's CAC index is now nearly 6% lower on the year. The DAX forecast is also far from bullish, with a key drag being the European auto sector’s reaction to potential tariff threats.

USD/CAD rises after Trump’s tariff threat. DAX falls on trade worries.

GBP/USD gives up earlier gains after hotter inflation. DAX rises as geopolitical worries ease, Nvidia earnings come into focus.

DAX rises with attention on EZ CPI & Trump appointments. GBP/USD falls ahead of BoE Bailey’s appearance & tomorrow’s CPI data.

This week’s US inflation data may impact Wall Street but will likely have limited implications for European indices. But one factor that is certainly weight on sentiment on this side of the pond is political uncertainty in Germany. Against this backdrop, our DAX forecast is turning bearish in the short term, especially if the German index now breaks a key support area that it was testing at the time of writing.

GBP/USD falls as unemployment rises. DAX falls as Trump risks hit sentiment.

GBP/USD falls on USD strength as Trump is set to win Presidency. DAX rises as Trump claims victory.

GBP/USD tests 1.30 ahead of BoE’s Bailey and next week’s Budget. DAX hovers around record highs ahead of Lagarde and IMF growth forecasts.

Today’s German wholesale inflation data pointed to further ECB rate cuts in December, keeping the bullish DAX forecast intact – for now, anyway. However, ongoing weakness in the Eurozone economy, coupled with political uncertainty in the US – with the presidential election now only two weeks away – and not to mention the fact China’s markets don’t seem to be finding a sustainable recovery despite ongoing government stimulus efforts, all point to a potential dop in the coming weeks.

GBP/USD rises above 1.3050 after mixed jobs data. DAX rises to fresh record highs.

GBP/USD trades at a monthly low ahead of US CPI. DAX falls despite a rebound in retail sales & ahead of US CPI data.

DAX falls as China disappoints. USD/JPY falls as the USD eases from a 7-week high.

GBP/USD falls to a 2-week low after dovish BoE Governor comments. DAX DAX falls in risk-off trade, Middle East and PMI data in focus.

DAX rises to record highs after more Chinese stimulus. GBP/USD rises ahead of Fed Chair Powell & US jobless claims.

DAX rises on upbeat risk sentiment – German data could limit gains. FTSE 100 rises after Chinese stimulus boosts heavyweight miners.

Today’s drop in the German luxury auto sector underscores those concerns, ahead of global PMI data. Concerns over the escalation of the middle east situation further hurt sentiment in Europe. Still, the DAX forecast is not completely bearish yet given that we have only just hit another record high this week. Bearish speculators will be in need of some downside follow-through to grow in confidence that at least a short-term top is in.