Daily Market Analysis 30.08.2022: DE30

Instrument: DE30

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if price trades above 13201.3 with take profit at 13295.3
Bearish Preference: 
A Sell position is envisaged if price trades below price 13097.0 with take profit at 13048.8
No major fundamental

European stock markets traded higher Tuesday, rebounding after the negative start to the week as Chinese authorities pledged to stimulate the world’s second-largest economy. By 03:45 ET (07:45 GMT), the DAX in Germany traded 0.9% higher, the CAC 40 in France rose 0.9%, and U.K.’s FTSE 100 climbed 0.7%, returning after the long U.K. weekend. China will step up measures to boost demand and stabilize employment and prices in the second half of the year to optimize economic outcomes, the country’s finance ministry said on Tuesday, as policymakers strive to prop up faltering growth.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Wishlist 0
Open wishlist page Continue shopping