The Patient cyclical Trader would prefer the BO.
The longterm buying-Trigger is still 10.800!
Today Deutsche Bank Posts Surprise Profit on Trading Jump, Cost Drop
Net income was 256 million euros ($279 million) compared with a 6.01 billion-euro loss a year earlier, Deutsche Bank said in a statement from Frankfurt on Thursday. Fourteen analysts surveyed by Bloomberg News forecast a loss of 394 million euros on average. Trading revenue rose 10 percent, driven by debt and currencies, the lender’s biggest source of income, also beating estimates.
Cryan, 55, has struggled to stem a slide in shares and maintain client confidence after the U.S. Department of Justice’s requested $14 billion to settle a probe into faulty securities. Some investors have called for deeper cost cuts amid concern that the lender will have to raise capital even after eliminating thousands of jobs as part of an overhaul announced last year.
But still alot waiting to short at higher above 10750
Today they are report support DAX to go higher 10830 ,
But current is over bought ,correction is needed
German Business Expectations (Oct) Actual: 106.1 Forecast: 104.5
German Current Assessment (Oct) 115.0 Actual: 114.9 Forecast: 114.7
German Ifo Business Climate Index (Oct) Actual: 110.5 Forecast: 109.5
Today they are three report show better then Forecast, DAX got support breakout or Time to short. nut tonight wall street open gap up
Dax will follow 10850 , before correction back to 10780 ?
1.) German Composite PMI (Oct) Actual: 55.1 Forecast: 53.3
2.)German Manufacturing PMI (Oct) Actual: 55.1 Forecast:54.3
3.)German Services PMI (Oct) Actual: 54.1 Forecast:51.5
Today is Friday . DAX breaking 10740 and stay above 10700 , open Market may Pullback to 10650 -then if can brake out 10750 ... Next week we can see 10800
But a lots of shortlist will come in .
but due to company report Q3 time will not drop below 10600
DAX Look wake ... but strong >>>>>>....10800