The first session of the month brings good moods on the stock market. One hour after starting trading in Europe, the German DAX stock index rose by 1%. In recent days the index has been moving in consolidation, but if today's morning surge is maintained, a further move to the north is possible. From a technical point of view, the nearest major resistance is located at 15,720 pts and is marked with the 127.2% external Fibonacci retracement.
DE30 interval D1. Source: xStation5
Daily Summary - Previous metals rebound, FOMC still see cuts
Minutes FOMC: Further cuts are possible if inflation eases. EURUSD limits decline
US OPEN: Wall Street awaits FOMC minutes
DE40: DAX hits a 2.5-month high 📈 Rheinmetall jumps on renewed Russia–Ukraine tensions