Hot-Charts
Bailing out of DAX & Dehedging EURUSD
by
Apr 30, 2015 15:25
Wednesday's 378-point collapse in Germany's DAX-30 index—a 3.2% drop, was the biggest in a single day since the eruption of the Spanish/Italian debt crisis in June 2012. The selloff was intensified by asset managers existing from DAX-30, Eurostoxx-50 and other Eurozone equities, which were accumulated since November, coinciding with the ECB's QE becoming certainty. As asset managers closed out of their Eurozone stocks, so did the hedging arrangements against EUR weakness. The result was a violent snapback in EURUSD. As speculators pile on the shorts, the 8% decline in the Dax could well become 12% as technical chase up the 100-DMA. As the shorts rush in, EURUSD bulls could see their own 100-DMA materialize at 1.1300.
Click To Enlarge
Click To Enlarge
More Hot-Charts
-
Gold & Nasdaq100
Sep 28, 2026 10:32 | by Ashraf Laidiسأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group... -
Gold & GoldBugs
Sep 24, 2026 11:51 | by Ashraf LaidiIf the inverse relation between gold and goldbugs index explained repeatedly in previous videos such as here and here continues to work, then watching the 4230 level is as important as... -
Nasdaq Part 2
Sep 24, 2026 9:44 | by Ashraf LaidiNow that Nasdaq has fallen following yesterday's post, will it extend declines to 30000. What do you think of this fractal.
