In today’s forex market weekly preview, the price of crude oil declined by more than 30% during the Asian session. This was the lowest level in four years.
German Dax index turned lower on Monday, in a new burst of negative sentiment around US-China trade war, political developments in Argentina and Hong Kong.
The GER30 index rose to a high of €11,835 in the morning session. It then pared back those gains and is currently trading at €11,670.
German DAX index suffered a massive set-back as it lost 380 points to end at 11872; below the 12000 level for the first time since early June.
The German DAX index ended 0.53% higher on Thursday as it escaped trade pessimism that came about later in the day.
Having background bullish fundamental and technical pressure, DAX weekly is bound to drift lower. See the opportunities and provided levels...