German DAX rallies after EU finance minister meeting

Note: This section contains information in English only.
Source: Dukascopy Bank
German DAX index partly erased previous losses on Friday as euro-region finance ministers determined the total ceiling for the bailout of the area's debt troubled countries at USD 1.1 trillion. Daimler AG gained 2.3% after Bank of America put status recommend to buy on car maker. HeidelbergCement AG rallied 5.5% after HSBC Holdings Plc lifted its rating on the shares. All nine sectors posted gains during the session. At the moment of writing DAX 30 index is 0.99% or 67.91 points higher at 6,943.06.

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Fri, 30 Mar 2012 14:56:08 GMT

Emerging patterns: USD/CHF 4H Chart: Channel Up

USD/CHF tested support level around 0.9026 creating a Channel Up pattern on the 4H Chart. The pattern has 49% quality along with 62% magnitude within 174-bar period.The pair bounced off the resistance level at 0.9334 and fell to the support at 0.9002/16. Stochastic reached its oversold area, showing that the pair is oversold, increasing the probability of a price recovery.

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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