DAX potentially sets up for the next leg down
The DAX bounce may have run its course as the index reacts off of crucial resistance.
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
Page 88 of 109
The DAX bounce may have run its course as the index reacts off of crucial resistance.
Gold declines, and the dollar finds a bid as market participants prepare for Fed front-loading.
The market is waiting on an announcement after the Twitter board, and Elon Musk met over the weekend. Twitter is due to report its Q1 results on Thursday.
Cryptocurrencies have aligned themselves with the risk side of the market. More aggressive monetary policy is putting them under pressure.
As yields rise, pressure mounts on global indices, including the GER30.
The US30 has retraced to its 61.8% level. It is looking formidable.
There is an excess demand for oil, which is likely to support price.
Bitcoin bounced off its support pivot. However, the crypto may be running out of steam.
Yesterday, the EURUSD ended the day lower. Bears threaten to follow through today.
The US 10 year yield is overbought. So it will be a boon for stocks if it pulls back in the short term.
EURUSD reacts positively to hawkish comments.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.