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DAX Reaching 18,700 by Month-End — What are the Odds?
Been looking at the DAX and considering the recent momentum. With the latest $MXNJPY moves suggesting a bit of risk-on sentiment globally, I'm starting to think we have a decent shot at pushing towards 18,700 by month-end. I'd put the probability around 60-65% given the current setup and how resilient it's been through some recent data points; it feels like there's still some upside energy despite a few resistance levels ahead.
1 comments · 44 points
That's an interesting take on the DAX. I'm still trying to understand how global risk-on sentiment, like with the MXNJPY, directly translates to European indices like the DAX. Could you explain the connection a bit more?