{"id":31234,"date":"2022-07-04T21:04:12","date_gmt":"2022-07-04T20:04:12","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=31234"},"modified":"2022-07-04T21:20:39","modified_gmt":"2022-07-04T20:20:39","slug":"dax-closes-below-12800-as-european-data-disappoints","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/","title":{"rendered":"DAX closes below 12800 as European data disappoints"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"31234\" class=\"elementor elementor-31234\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-807dde0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"807dde0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-75893a5\" data-id=\"75893a5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ad15e0b elementor-widget elementor-widget-text-editor\" data-id=\"ad15e0b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Market Wrap<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cabc2b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cabc2b9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9e1c438\" data-id=\"9e1c438\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a1ec85 elementor-widget elementor-widget-image\" data-id=\"7a1ec85\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3xF1d5K\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"514\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_brent-44.jpg\" class=\"attachment-large size-large wp-image-31238\" alt=\"\" srcset=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_brent-44.jpg 1024w, https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_brent-44-360x180.jpg 360w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34069b9f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"34069b9f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b978274\" data-id=\"7b978274\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-464bc92a elementor-widget elementor-widget-text-editor\" data-id=\"464bc92a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3xF1d5K\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8e8af64 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8e8af64\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32421be\" data-id=\"32421be\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e2ae46 elementor-widget elementor-widget-text-editor\" data-id=\"8e2ae46\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>It was a relatively quiet market due to the USA 4<sup>th<\/sup> of July bank holiday and a relatively low volume of scheduled economic data, but the FTSE100 capitalised on the rising oil producer stocks within the index, brought on by a surge in oil prices as global supply worries moved the energy markets. A fully traded market may see the <a href=\"https:\/\/bit.ly\/3xF1d5K\" target=\"_blank\" rel=\"noopener\">oil futures<\/a> collapse on recession worries but we won\u2019t know until the US traders return to their desks tomorrow. The FTSE could also be rocked by news out of the Bank of England this week as Governor Bailey and the release of the central banks Financial Stability report will be on the agenda tomorrow.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0a437e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0a437e7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b2b6631\" data-id=\"b2b6631\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c73d5ef elementor-widget elementor-widget-image\" data-id=\"c73d5ef\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3aXPCqN\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"550\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_ftse100-4.jpg\" class=\"attachment-large size-large wp-image-31242\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2be8d329 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2be8d329\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-10ddb580\" data-id=\"10ddb580\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78be741d elementor-widget elementor-widget-text-editor\" data-id=\"78be741d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3aXPCqN\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-43c4a00 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"43c4a00\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4177494\" data-id=\"4177494\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4569708 elementor-widget elementor-widget-text-editor\" data-id=\"4569708\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"https:\/\/bit.ly\/3aXPCqN\" target=\"_blank\" rel=\"noopener\">FTSE100<\/a> is currently trading above Fridays high but could be finding resistance at last Wednesdays low as the market has now backfilled the big drop down on Thursday. The market structure is currently bullish as the most recent daily swing highs and lows are higher. A break and close below Fridays low would most probably see the FTSE100 testing the 7000 level once more.<\/p><p>The DAX short trade that we entered had reached TP1 as the London session ended, meaning I have been able to get the Stop Loss to breakeven on the partial position left on into the overnight session. The German bourse was unable to hold on to its early gains and I said in the video this morning that I felt it could have been a false break of Fridays highs. There have been a couple of ECB members talking (Nagel &amp; de Guindos) throughout today, which have evidently done nothing to appease the European traders who are concerned that the Southern European countries will be supported rather than the ECB tackling inflation head on.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-efbf276 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"efbf276\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ef61607\" data-id=\"ef61607\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab3a0d5 elementor-widget elementor-widget-image\" data-id=\"ab3a0d5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3QxTSgP\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"514\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_dax-6.jpg\" class=\"attachment-large size-large wp-image-31246\" alt=\"\" srcset=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_dax-6.jpg 1024w, https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_dax-6-360x180.jpg 360w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-24006771 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24006771\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ddeb140\" data-id=\"ddeb140\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-619f1ffa elementor-widget elementor-widget-text-editor\" data-id=\"619f1ffa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3QxTSgP\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-38bd9f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"38bd9f3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0f620aa\" data-id=\"0f620aa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6bf15ab elementor-widget elementor-widget-text-editor\" data-id=\"6bf15ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>If the <a href=\"https:\/\/bit.ly\/3QxTSgP\" target=\"_blank\" rel=\"noopener\">DAX<\/a> continues to weaken the original target would be to sweep last Fridays lows which happen to be relatively equal to last Thursday too. Resting orders under two daily lows that have acted as support is a favourite for the market makers and algos to sweep when looking for liquidity.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c3569f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c3569f3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c85aea8\" data-id=\"c85aea8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-99b7692 elementor-widget elementor-widget-image\" data-id=\"99b7692\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"514\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_usdcad-12.jpg\" class=\"attachment-large size-large wp-image-31250\" alt=\"\" srcset=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_usdcad-12.jpg 1024w, https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/rsz_usdcad-12-360x180.jpg 360w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2c0c536a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2c0c536a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1bdcdcc8\" data-id=\"1bdcdcc8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1da23eaa elementor-widget elementor-widget-text-editor\" data-id=\"1da23eaa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aefdc11 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aefdc11\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-745e0f1\" data-id=\"745e0f1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5680991 elementor-widget elementor-widget-text-editor\" data-id=\"5680991\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The push higher in the energy markets has also lifted the Canadian dollar with the <a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\" rel=\"noopener\">USDCAD<\/a> moving ahead of the expected Bank of Canada\u2019s continued rate hike cycle. The BoC\u2019s Q2 Business Outlook Survey showed concern over near-term inflation, which is expected to increase and push higher. Businesses are concerned that wage and price increases will add to input &amp; output prices, which are already suffering due to supply chain issues. The USDCAD is trading within the 1.2900 to 1.2850 range and has been treading water for 6 days. The imbalance down towards the 1.2500 looks like the path of least resistance with 1.2550 a great place to put a speculative short take profit order in. Should the market flip and push higher there is also a very tempting double top at 1.3100 which will hold some resting orders too. It will be best to wait for the data cycle to start moving the market with breakout traders most probably initiating shorts at 1.2800.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Market Wrap See real-time quotes provided by our partner. It was a relatively quiet market due to the USA 4th of July bank holiday and a relatively low volume of scheduled economic data, but the FTSE100 capitalised on the rising oil producer stocks within the index, brought on by a surge in oil prices as [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4716,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[58,64,14,57,31,48],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DAX closes below 12800 as European data disappoints - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAX closes below 12800 as European data disappoints DAX closes below 12800 as European data disappoints\" \/>\n<meta property=\"og:description\" content=\": It is never a great idea to initiate a trade when half of the market participants are on holiday. The ranges can collapse to being very small and you are generally trapped on the wrong side of the previous flows. There is also a worry that widening spreads, as volatility rises on headline news and a lack of volume, can sweep your stop-loss orders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-04T20:04:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-04T20:20:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/03\/GettyImages-513416601.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"507\" \/>\n\t<meta property=\"og:image:height\" content=\"264\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Neville Hornsey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"DAX closes below 12800 as European data disappoints DAX closes below 12800 as European data disappoints\" \/>\n<meta name=\"twitter:description\" content=\": It is never a great idea to initiate a trade when half of the market participants are on holiday. The ranges can collapse to being very small and you are generally trapped on the wrong side of the previous flows. There is also a worry that widening spreads, as volatility rises on headline news and a lack of volume, can sweep your stop-loss orders.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"DAX closes below 12800 as European data disappoints\",\"datePublished\":\"2022-07-04T20:04:12+00:00\",\"dateModified\":\"2022-07-04T20:20:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/\"},\"wordCount\":541,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"Brent\",\"Crude oil\",\"DAX\",\"FTSE100\",\"USDCAD\",\"WTI\"],\"articleSection\":[\"Index\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/\",\"url\":\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/\",\"name\":\"DAX closes below 12800 as European data disappoints - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-07-04T20:04:12+00:00\",\"dateModified\":\"2022-07-04T20:20:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DAX closes below 12800 as European data disappoints\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\",\"name\":\"Neville Hornsey\",\"description\":\"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. Neville has worked for several brokerages and prop firms, specialising in the Foreign exchange and Futures markets and blends technical analysis with fundamentals, with a bias towards swing and intraday trade setups.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nevillehornsey\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"DAX closes below 12800 as European data disappoints - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/","og_locale":"en_GB","og_type":"article","og_title":"DAX closes below 12800 as European data disappoints DAX closes below 12800 as European data disappoints","og_description":": It is never a great idea to initiate a trade when half of the market participants are on holiday. The ranges can collapse to being very small and you are generally trapped on the wrong side of the previous flows. There is also a worry that widening spreads, as volatility rises on headline news and a lack of volume, can sweep your stop-loss orders.","og_url":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-07-04T20:04:12+00:00","article_modified_time":"2022-07-04T20:20:39+00:00","og_image":[{"width":507,"height":264,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/03\/GettyImages-513416601.jpg","type":"image\/jpeg"}],"author":"Neville Hornsey","twitter_card":"summary_large_image","twitter_title":"DAX closes below 12800 as European data disappoints DAX closes below 12800 as European data disappoints","twitter_description":": It is never a great idea to initiate a trade when half of the market participants are on holiday. The ranges can collapse to being very small and you are generally trapped on the wrong side of the previous flows. There is also a worry that widening spreads, as volatility rises on headline news and a lack of volume, can sweep your stop-loss orders.","twitter_misc":{"Written by":"Neville Hornsey","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/"},"author":{"name":"Neville Hornsey","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85"},"headline":"DAX closes below 12800 as European data disappoints","datePublished":"2022-07-04T20:04:12+00:00","dateModified":"2022-07-04T20:20:39+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/"},"wordCount":541,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["Brent","Crude oil","DAX","FTSE100","USDCAD","WTI"],"articleSection":["Index"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/","url":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/","name":"DAX closes below 12800 as European data disappoints - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-07-04T20:04:12+00:00","dateModified":"2022-07-04T20:20:39+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/dax-closes-below-12800-as-european-data-disappoints\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"DAX closes below 12800 as European data disappoints"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85","name":"Neville Hornsey","description":"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. 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