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DAX higher as hopes of an economic recovery outweigh fears over new COVID-19 cases – DAX 30 Market Outlook – 07/07/2020

SquaredFinancial

The Dax printed higher as global indices – lead by Asian Markets and tech stocks- rallied, on the back of risk on market sentiment as investor hopes of a recovery outweighed fears over continuing resurgence in US covid 19 cases. Weaker German Industrial Production data released early today had the index print lower, with a failure of our support at 12,600 to hold to open the door to lower prints.

Support: 12600/ 12400
Resistance: 12800 / 12932

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dax-higher-as-hopes-of-an-economic-recovery-outweigh-fears-over-new-covid-19-cases-dax-30-market-outlook-07-07-2020
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