{"id":117423,"date":"2017-12-01T09:51:40","date_gmt":"2017-12-01T14:51:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=117423"},"modified":"2018-06-01T15:48:30","modified_gmt":"2018-06-01T15:48:30","slug":"de30-technical-analysis-accelerating-growth-is-bullish-for-german-stock-index-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/12\/de30-technical-analysis-accelerating-growth-is-bullish-for-german-stock-index-2\/","title":{"rendered":"DE30: Technical Analysis – Accelerating growth is bullish for German stock index"},"content":{"rendered":"
December 1, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

Accelerating growth is bullish for German stock index<\/strong><\/p>\n

Accelerating manufacturing sector expansion and inflation is bullish for German stock market. Will DE 30<\/a> continue rallying?<\/p>\n

Euro-zone November inflation edged up to 1.5% from 1.4% in October. While the reading missed the 1.6% forecast, the jobless rate slid to 8.8% in October, the lowest in almost nine years. And economic sentiment continued to improve in November, with euro-zone economic sentiment index hitting the highest level since October 2000. Against this background German jobless claims dropped by more than expected in November while the unemployment rate stayed at a record low 5.6%. And the German inflation gain to 1.8% from 1.6% in October was better than expected, with manufacturing sector expansion accelerating in November as evidence by Markit Manufacturing PMI\u2019s jump to 62.5 from 60.6 in October. Improving euro-zone and German economic performance are bullish for German stock index DE 30.<\/p>\n

\"DE<\/p>\n

On the daily timeframe DE 30: D1<\/b> has been retracing after hitting correction following an all-time high three weeks ago. The price is above the 50-day moving average MA(50).<\/p>\n