📉 DAX Opens with a Significant Gap-Down – What’s Next?
A quick glance at the markets this morning reveals a clear picture: the DAX is opening significantly lower. But how should traders react?
🔎 Background: Trade Conflict Escalates
Donald Trump has followed through on his threats and imposed new tariffs on Canada and Mexico. However, the real surprise came from the East: China has also been hit with additional tariffs, which the markets are interpreting as the beginning of an intensified trade war.
📊 Technical Outlook
The key question now is whether the downward pressure will persist or if we will first see a technical rebound. Increased volatility could offer opportunities for both short and long trades.
- Potential Short Zones:
- 21,290
- 21,415
- Possible Buying Zone for Aggressive Long Trades:
- 21,070
Traders should closely monitor market movements and be prepared for rapid shifts in direction.
👉 It remains to be seen whether the markets will stabilize or if the downward momentum will continue.
Disclaimer:
The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.
There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure (https://www.jfdbrokers.com/en/legal/risk-disclosure).
Copyright 2024 JFD Group Ltd.