S&P 500 and DAX Trading Levels – Earning Reports Ahead - Forex News by FX Leaders

S&P 500 and DAX Trading Levels – Earning Reports Ahead

Posted Wednesday, January 17, 2018 by
Arslan Butt • 1 min read

Yesterday, nice profits were made on the DAX and CAC, as the European stock markets moved higher. The recent gains in the global stock indices come in response to destructive selling in Cryptocurrencies and Gold. The economic events of the United States and Eurozone today are in focus, such as the US capacity utilization rate and European Final CPI.

In addition, the earnings report from the Goldman Sachs Group, Inc. and the Bank of America Corporation (BAC) will be released today.  You can see daily earnings reports on the NASDAQ official website. Look out for the key support and resistance levels for the SPX and DAX.

S&P 500 – SPX500- Trading Levels

Support     Resistance

2750.27    2789.83

2738.04    2802.06

2718.26    2821.84

Key Trading Level: 2,770.05

DAX – GER30 – Trading Levels

Support     Resistance

13169.61    13378.31

13105.13    13442.79

13000.78    13547.14

Key Trading Level:  13,273.96

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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