DAX 40, AUD/USD and copper prices on the rise
Technical analysis of the DAX 40, AUD/USD and copper prices as they advance.
Macro update
Stocks rise on Fed easing expectations:
Asian equities advanced as traders priced in a potential Federal Reserve (Fed) rate cut in December, lifting MSCI’s Asia-Pacific ex-Japan index by roughly 0.4% in a holiday-thinned session.
Yen stays in the intervention danger zone:
The Japanese yen strengthened towards ¥156.00 per US dollar but remained under close scrutiny as markets assessed the likelihood of a Bank of Japan (BoJ) rate hike before the end of the year.
China property shares fall as Vanke seeks repayment delay:
Vanke’s request to postpone repayment on a 2 billion yuan onshore bond pressured its debt and pushed China’s real estate index to a one-year low.
Dollar softens as policy paths diverge globally:
The dollar index headed for its biggest weekly drop in four months, with investors focusing on 2026 as central banks across Asia and the Pacific turn increasingly hawkish.
Bitcoin rebounds as gold eases:
Bitcoin climbed back above $90,000.00, snapping a four-week losing streak, while gold edged lower after Wednesday’s advance.
DAX 40 bounces off support
The DAX 40 index is heading back up again and has the 24,000 region in its sights while the 200-day simple moving average (SMA) at 23,483 provides support, together with the 7 November low at 23,453.
DAX 40 daily candlestick chart
AUD/USD recovers from support
AUD/USD saw a swift reversal off its 21 November low at $0.6422 and is seen heading towards its September-to-November downtrend line at $0.6554.
If bettered, the mid-November high at $0.6580 may be revisited.
AUD/USD daily candlestick chart
Copper rallies
The price of copper is rallying with the October highs at $5.2608-to-$5.2788 being targeted.
Minor support may be found between the $5.1625 mid-November high and the $5.1290 early November high.
Copper daily candlestick chart
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