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DAX 30 Brushes Off Retail Figures as Bullish Sentiment Returns Key Talking Points: European equities head higher to start the month of February as retail investors continue to target specific assets Germany threatens legal action against AstraZeneca Bullish sentiment has returned to equity markets to start the month of February as retail traders continue to target specific assets to prop up their value. The realization of the ability to inflict damage by a herd mentality saw investors flock to safety last week, causing the DAX 30 to pullback to recent support levels, lessening the extent to w...

DAX 30 Pressured to the Downside as Volatility Becomes an Issue Key Talking Points: Speculative trading causes a spike in volatility followed by a risk-off move The DAX 30 is struggling to recover from yesterday’s selloff as risk-off sentiment took control of the markets. The ongoing coronavirus pandemic continues to be a big concern for investors, but yesterday’s price action was mostly driven by a spike in volatility in US equity markets. A sudden surge in buying interest in some stocks like GameStop and AMC Entertainment brought on by a coordinated effect on Reddit has led to a few la...

DAX 30 Attempts to Push Higher, EUR/USD Hovering Above Key Support Key Talking Points: DAX 30 tests the lower bound of its range Market sentiment: volatility has returned to US markets as a swarm of retail investors seem to be working together to prop up US equities ahead of key earnings being released. The latest stock to fall victim to excessive speculation is GameStop, jumping from $19 to over $160 in just two weeks, before dropping back down to $80 within a matter of minutes, causing a short-squeeze and gamma trap, meaning sellers and options traders had to pile into the market to keep up...

The 7-day rolling average remains above 20,000 in France despite strict measures to try and contain the virus

DAX 30 Forecast: PMIs Provide no Solace as Investors Look for Guidance Key Talking Points: DAX 30 continues to lack directional as it converges towards 13,830 PMIs show a lack of positive sentiment in the economy, with further sentiment gauges released next week The DAX hasn’t really done much in the last few weeks as it continues to converge at the 13,830 mark. The lack of bullish support has left the index consolidating between the all-time -high at 14,140 and the horizontal support at 13,530 as it waits for the next risk event to offer some direction. The index still continues to be expe...