Hard one to answer.... On one hand EUR will depreciate short-term, which is good for the DAX. Possibly over the longer-term the EUR will become stronger without weaker economies. On the other hand, there may be panic selling EUR and Equities on fear ...

Carpe diem: Intraday tactics for Dax and Dow

Looking for support at 12,200 for possible Long (200 pt retracement) and possibly 12,000. Depends if EUR lifts once Greek deal is sorted before 20 April.

Carpe diem: Intraday tactics for Dax and Dow

Bravo

Carpe diem: Intraday tactics for Dax and Dow

I think the main reason and answer is contained in the response to the question - how low is the EUR going to go? If EUR/USD in the extreme scenario goes to 0.80 like some of the dire predictions... then in this extreme scenario (assuming Dax has a ...

Carpe diem: Intraday tactics for Dax and Dow

Lost money taking short trades today, considering its a Friday... Long positions all the way with the Dax - stick to that strategy for now.

Spider's Den

I have to admit, most of my money has been made on the Dax with Long positions with no SL in place... At this level however, as it approaches closer to my 12635 target (Avg PE of 17.5), I may need to adjust my strategy. EUR is heading for parity, it ...

Carpe diem: Intraday tactics for Dax and Dow

Cheaper EUR lifts multinational company profits, makes it cheaper for foreign investors, cheaper for german exports - Cheaper EUR is a win win with the Dax. I always keep an eye on EUR pairs when trading dax.

Carpe diem: Intraday tactics for Dax and Dow

It's no doubt due to EUR falling today.

Carpe diem: Intraday tactics for Dax and Dow

EUR tracking down... Dax tracking up and breaking ATHs!

Spider's Den

I want to see it do 150pts, then i may crack another short

Carpe diem: Intraday tactics for Dax and Dow

I may be wrong, but looks like a breakout from the consolidation range its been in since the last ATH (17 March 15).

Carpe diem: Intraday tactics for Dax and Dow

Been short three times today... Every-time its worried me, one burnt me. I find this beast very hard to go against. Today is not bearish at all. EUR/USD down to 1.061 - gives me the clue that the Yanks may be purchasing again once NY opens.

Carpe diem: Intraday tactics for Dax and Dow

Dax has shown in the past that it can go up +150pts in a day no problems... The EUR/USD is weakening, so this may have attracted US buyers late yesterday session. I see the EUR/USD is sub 1.067, so it may drive it to ATH in the morning session, and ...

Carpe diem: Intraday tactics for Dax and Dow

You would think the way it closed that there would be some profit taking today, especially given its Friday. Then again, it is the mighty Dax.

Carpe diem: Intraday tactics for Dax and Dow

Agree with the rest here. SP500 valuation, which, depending on sources ranges from an Avg PE ratio of 19.4 to 20.4. Here are the Dax forecasts by assuming the following Average PE ratio's: 17.5: 12,653pts 20.0: 14,469pts We also have to remember ...

Carpe diem: Intraday tactics for Dax and Dow

Technically, yes. However, fundamentally, possibly not. Its Average PE ratio is sub 12, which is still cheaper than the Dax (approx. 16.7) and the SP500 (approx. 19.4). Having said that, Heng Seng carries risks as it is heavily linked to the Chinese ...

Carpe diem: Intraday tactics for Dax and Dow

Good trading... I may enter a long at 12040 if we get there.

Carpe diem: Intraday tactics for Dax and Dow

Looks bullish as anything today.... Still waiting for London open.

Carpe diem: Intraday tactics for Dax and Dow

December 2014 - Previous FOMC dot plot: url March 2014 - Latest FOMC dot plot, showing a downgrade to the "Likely End of 2015 target US Fed rate" ranging now between 0.5% to 0.75%: url

Spider's Den

Top call - yet again. Green pips for all today I hope.

Carpe diem: Intraday tactics for Dax and Dow