Trading news

DAX plummeting after Merkel proposed 1-month lockdown restrictions – DAX 30 Market Outlook – 28/10/2020

The Dax-30 is heading towards a third consecutive daily close in the red, plummeting in early trade today on news that German Chancellor Merkel is proposing additional Covid-19 restrictions – closing bars/restaurants for one month – favoring further downside with 11800 and 11600 as the next closest support targets. Speculation around President Macron’s appearance today to reinstate lock-downs should keep markets in a risk-off tone.

Support: 11800/ 11600
Resistance: 12035/ 12200

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Wednesday, 28 Oct, 2020 / 8:47

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Oil Hits A 9 Month High

Oil Boosted By Better Risk Sentiment Crude prices have enjoyed a strong rally [...]

Posted on Thursday, 26 Nov, 2020 / 11:39 under

Sunak Announces Historical Borrowing

Dollar Keeps Falling from Grace The US index sank by 0.12% on Wednesday as it [...]

Posted on Thursday, 26 Nov, 2020 / 11:38 under

Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020

Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]

Posted on Thursday, 26 Nov, 2020 / 10:03 under