oanda_logo
  • Sign in
  • Open an account

Sign in

Select account:

  • FX Data Services
    • About FXDS
    • Currency converter
    • Exchange Rates API
    • Historical currency converter
    • FX Payments
    • Blog
    • Contact us
  • OANDA Group
    • About OANDA
    • Media centre
    • Careers
Logotype
The Beat of the Global Markets
  • Home
  • News Events
    • Brexit
    • COVID-19
    • Earnings season
    • Non-farm payrolls
    • Trade war
  • Markets
    • FX
    • Indices
    • Commodities
    • Crypto
  • Multimedia
    • Podcasts
    • Videos
  • Economic calendar
  • Analysts
  • 市场分析
Home/FX/Indices/Newsfeed

DAX – Slight Gains as Markets Hunts for Cues

March 21, 2017 Share Print 0

The DAX Index has edged higher in the Tuesday session, as the DAX continues to have an uneventful week. Currently, the DAX is at 12,062.40. On the release front, it’s another quiet day in the eurozone, with no economic indicators on the schedule. The sole event is a meeting of EU finance ministers.

The recent Dutch election results were cheered by EU backers across the continent and boosted the euro. Next stop on the election train is France, which holds presidential elections next month. Polls have far rightist Marine Le Pen and centrist Emmanuel Macron running neck and neck in the first round of the presidential election on April 23. Still, Macron is expected to win in the second-round vote in May. In a highly-anticipated television debate on Monday, Macron and Le Pen had a chance to hawk their wares, and a survey found that Macron won the debate. Le Pen, a far right candidate and euro-sceptic, has pledged to take France out of the euro and hold a referendum on EU membership. Macron’s strong showing in the debate has improved market sentiment and helped boost the euro on Tuesday. France boasts the number two economy in the eurozone, so we can expect more volatility from the euro as we get closer to Election Day.

Great Debate

With the Fed’s quarter-rate point behind us, what’s next for Janet Yellen & Co.? The CME Group has priced a rate hike in May at just 6%, while a June move is priced at 54%. With a dearth of key fundamentals in the US this week, the markets are left to monitoring comments from FOMC members who will be speaking this week, including Fed Chair Janet Yellen. On Monday, Chicago Fed President Charles Evans said he expects the Fed to raise rates two more times this year. This echoed the Fed’s projection in its rate statement last week. Although three rate hikes in 2017 appears impressive, market players want four hikes, and have reacted with disappointment to the Fed’s more cautious approach. This has sent the US dollar lower, and the euro has improved to 5-week highs, briefly punching past the 1.08 line on Tuesday.

Economic Calendar

Tuesday (March 21)

  • All Day – ECOFIN Meetings

Wednesday (March 22)

  • 5:00 Eurozone Current Account. Estimate 29.3B
  • Tentative – German 10-y Bond Auction

*All release times are EST

*Key events are in bold

DAX for Tuesday, March 21, 2017

DAX, March 21 at 6:35 EST

Open: 12,036.50 High: 12,086.15 Low: 12,079.65 Close: 12,062.40

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

  • Bio
  • Google+
  • Latest Posts
Kenny Fisher

Kenny Fisher

Market Analyst at OANDA
A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a MarketPulse contributor since 2012.
Kenny Fisher

+Kenny Fisher

Kenny Fisher

Latest posts by Kenny Fisher (see all)

  • EUR/USD dips to 1-month low - 7 February 2023
  • Aussie jumps after RBA hike - 7 February 2023
  • EUR/USD extends losses - 6 February 2023
DAX, DAX 30, DE 30, ECOFIN Meetings, EUR, Eurozone Current Account, FX, German 10-y Bond Auction
Back to Top
Subscribe
Subscribe form
Week ahead
Week Ahead – Nearing the end of rate hikes?
Posted by Craig Erlam Feb 3, 2023
FX
EUR/USD dips to 1-month low
Posted by Kenny Fisher Posted 6 hours ago
Aussie jumps after RBA hike
Posted by Kenny Fisher Posted 8 hours ago
EUR/USD extends losses
Posted by Kenny Fisher Feb 6, 2023
Indices
Oil remains rangebound, gold finds support
Posted by Craig Erlam Posted 6 hours ago
Week Ahead – All eyes on the Fed, ECB, BOE and NFP rep...
Posted by Ed Moya Jan 27, 2023
Stocks rally as Google job cuts support disinflation trends,...
Posted by Ed Moya Jan 20, 2023
Commodities
Oil remains rangebound, gold finds support
Posted by Craig Erlam Posted 6 hours ago
Market Insights Podcast (Episode 428)
Posted by Craig Erlam Posted 8 hours ago
Oil edges higher, gold struggling
Posted by Craig Erlam Feb 6, 2023
Crypto
US Close- Fed signals more hikes coming, Powell says disinfl...
Posted by Ed Moya Feb 1, 2023
Market Insights Podcast (Episode 426)
Posted by Ed Moya Feb 1, 2023
Market Insights Podcast (Episode 424)
Posted by Ed Moya Jan 27, 2023
Follow us
  • RSS
  • Facebook
  • Twitter
  • Youtube

Logotype

MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world.

  • OANDA Group
  • FX Data Services
  • Currency conversion
  • News events
  • Markets
  • Economic calendar
  • About MarketPulse
  • Terms of use
  • Site map
MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com © 2020 OANDA Business Information & Services Inc.