Seeking Alpha

German trade surprisingly falls

  • Germany's exports fell 1.8% on month in March after dropping 1.3% in February and missed forecasts for a rise of 1%.
  • Imports declined 0.9% vs +0.4% and +0.5%.
  • The trade surplus slipped to €14.8B from €15.8B and missed consensus of €16.6B.
  • The current account surplus increased to €19.5B from €13.8B.
  • The euro gives back earlier gains and is flat at $1.38349, while DAX futures are +0.1%. (PR)
  • ETFs: FXE, EUO, EWG, ERO, DRR, BUND, EWGS, EUFX, ULE, GERJ, DBGR, BUNL, DXGE, URR, FGM, BUNT, GGOV
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Comments (1)
  • cfetrader
    , contributor
    Comments (743) | Send Message
     
    During the last 13 days DAX futures trade within a narrow band of 9420 to 9630. It would be interesting to watch the battle at the intermediate resistance level of 9600.

     

    DAX futures are extremely difficult to short and requires great skills, which can only be acquired with time. Presently, one way is to spread them at the levels 9590, 9600, 9610, 9620 & 9630 and observe thoroughly the 2-hour graph (plus relevant indices), acting thus accordingly to the appropriate signals.
    9 May 2014, 03:19 AM Reply Like
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