Lurking Above 25,000 Points: Will Iran Peace Ignite the DAX Rocket Now?
The DAX is lying in wait for the ultimate liberating blow! Although the bulls did not quite venture entirely out of cover on Thursday, gigantic price potential is brewing behind the scenes. After an initial slump, the index fought its way back impressively in after-hours trading and defended the psychologically extremely important 25,000-point mark with iron discipline at 25,092.25 points (-0.34%). The absolute fuel for the next price tsunami: a possible historic peace deal between the U.S. and Iran! Should Tehran now finally greenlight this pact, the stock markets face an unprecedented upward explosion. The completely unleashed oil market is already providing a gigantic foretaste: Brent crude oil is plunging unchecked below $95 and has brutally given up over 10% since the beginning of the week! This massive relief in energy prices is pure balm for the global economy.
Adidas Ignites the World Cup Turbo: Will the Magic 180-Euro Mark Fall Now?
On the trading floor of individual stocks, investors experienced a highly exciting battle for the crown. The sporting goods giant Adidas secured the undisputed daily victory with a solid plus of 0.7%, a hair's breadth ahead of the defense contractor Rheinmetall and the insurance giant Allianz (+0.6% each). Meanwhile, all technical charting buy signals are ringing for Adidas! The stock has started a brand-new, aggressive upward trend and has downright pulverized the rock-hard resistance at 160 euros. With the gigantic euphoria of the upcoming Football World Cup at its back, the stock is now unstoppably heading towards the next mega-target of 180 euros with maximum momentum!
Fateful Friday: Will Inflation Data Cause the DAX to Quake?
Fundamentally, European markets are facing an absolute fateful Friday today! A veritable barrage of highly explosive macro data is rolling across the trading floor: France, Spain, and the major German states are opening their books and presenting their latest inflation figures. This data thunderstorm is flanked by the highly anticipated German labor market data. From a charting perspective, the DAX has meanwhile maneuvered itself into an absolute dream position! The dangerous gap from Monday was successfully closed—a veritable perfect setup for massive buying pressure. If the leading index catches a real stellar day today and masters the macroeconomic hurdles, a brutal attack on Monday's record high is imminent!
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