01.05.2020 DAX 30 Daily Analysis

01.05.2020 DAX 30 Daily Analysis

Dax 30 is again getting closer and closer to it's €10000 support mark after the ECB said in a statement yesterday it intends to maintain it's interest rates at the current position and leaving its bond buying program on hold. The Index on Thursday closed at €10861.64 and won't be trading on Friday since it's a holiday. The fact that Germany has done an incredible job to deal with the Covid-19 crisis should be applauded because it's what's been keeping the economy and the Dax up. The German authorities are dealing with the pandemic bravely and Germany happens to be one of the few countries globally that hasn't needed anyone's help. The only challenge is European's politics and it plays a major role in the economy of the country but Germany as a nation is dealing well and if left to their own devices would really be way ahead of the curve.