DAX Index News: Factory Orders Beat Expectations, Eyes on US Jobs Report Impact

Near-Term Outlook

Near-term DAX trends will likely hinge on the US Jobs Report. Positive US labor market data and support for a September Fed rate cut could push the DAX toward the September 3 all-time high of 18,991.

However, weaker-than-expected numbers could fuel economic recession fears, possibly dragging the DAX toward 18,000.

In the futures markets, the DAX and the Nasdaq mini were down by 21 and 73 points, respectively.

Investors should stay alert with central bank speakers and economic indicators likely to influence risk sentiment. Monitor the news wires, the economic calendar, and expert commentary to manage trading strategies.

Stay informed with our latest news and analysis to manage your risks effectively.

DAX Technical Indicators

Daily Chart

The DAX remained above the 50-day and 200-day EMAs, affirming bullish price signals.

A break above 18,750 could give the bulls a run at Tuesday’s high of 18,991. Furthermore, a return to 18,991 could signal a move toward 19,250.

German industrial production, trade data, and the US Jobs Report require consideration.

Conversely, a drop below 18,500 could signal a fall toward the 50-day EMA. A fall through the 50-day EMA could give the bears a run at 18,250.

The 14-day RSI at 54.26 suggests a return to Tuesday’s high of 18,991 before entering overbought territory.