21 Jan 2015
DAX ticks down as ECB looms
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, dropped today, however traded close to record high levels as markets remain wary ahead of the key European Central Bank (ECB) meeting tomorrow.
Currently, the DAX 30 traded at 10215 levels, down -0.41%, retracing from hit all time high of 10298 levels reached in the previous session. The DAX edged lower as the European Central Bank (ECB) may initiate a full-scale stimulus program at its upcoming meeting.
The index is seen trading with a negative market breadth with an advance decline ratio of 8:22. Among major gainers, Commerzbank AG, K+S AG and Deutsche Lufthansa AG climbed 0.09% to 0.59%. Among the major losers, Fresenius Medical, Adidas AG and SAP SE declined -1.05% to -2.25%.
DAX Technical Levels
The index has an immediate resistance at 10298 levels. Meanwhile, support is seen at 10193 levels and 10k levels.
Currently, the DAX 30 traded at 10215 levels, down -0.41%, retracing from hit all time high of 10298 levels reached in the previous session. The DAX edged lower as the European Central Bank (ECB) may initiate a full-scale stimulus program at its upcoming meeting.
The index is seen trading with a negative market breadth with an advance decline ratio of 8:22. Among major gainers, Commerzbank AG, K+S AG and Deutsche Lufthansa AG climbed 0.09% to 0.59%. Among the major losers, Fresenius Medical, Adidas AG and SAP SE declined -1.05% to -2.25%.
DAX Technical Levels
The index has an immediate resistance at 10298 levels. Meanwhile, support is seen at 10193 levels and 10k levels.