truman52000, Author at Finxe

Dax update week ending 18 October 2019

A quick update on DAX

Dax scenarios on this interesting spot

Another week is gone and price is now in a very interesting spot if we put it into perspective. Forget about macroeconomic, fundamentals , politics and the alike. Let’s have a look at the charts from a distance.

Unprecedented detachment from reality.

Dax, Dow

This week ended with Wall Street printing a series of all times high on all three major indices. Cool right?

If an alien just arrived in the USA he would think that the economy there is roaring at full speed. Probably expecting rather normal interest rates at around 5%, a wealth distributed on a large part of the population and so on.
Wait as this is not the case. The FED signaled a very probable rate cut from current (low) 2.5% on the next meeting at the end of July as the american economy showed signs of tiredness with several macros indicators deteriorating fast.