Stocks have been consolidating throughout the day and at the end of the day, by 18:30H they slided significantly. The daily range of prices have been falling, and the market is getting ready for the next move. DAX30 Index (Spot Market) ended today’s session with an “Inside Day”, while Dax Futures broke yesterday’s minimum by 18:30h, i.e., two hours after the close of the European session. Dax Futures priced @ 9186.50 at European Market Close (16:30h), it reached a minimum @ 9080.5 and Closed @ 9101.0, ie, 85.5 points below the Spot Market.
With this major difference between Spot and Futures, tomorrow we will certainly be a very interesting day in the markets.
The correct interpretation of the relevant news that will impact the markets tomorrow, can help us to increase our trading success:
|06:00||JP||Leading Economic Index (Jun)Preliminar|
|06:00||JP||Coincident Index (Jun)Preliminar|
|07:00||DE||Factory Orders n.s.a. (YoY) (Jun)|
|07:00||DE||Factory Orders s.a. (MoM) (Jun)|
|08:15||CH||Consumer Price Index (YoY) (Jul)|
|09:30||UK||Industrial Production (YoY) (Jun)|
|09:30||UK||Manufacturing Production (YoY) (Jun)|
|10:00||IT||Gross Domestic Product (YoY) (Q2)Preliminar|
|13:30||US||Trade Balance (Jun)|
|15:00||UK||NIESR GDP Estimate (3M) (Jul)|