DAX 40
BearishArchived analysis from Nov 4, 2026, 4:29 AM
Key insight
25,600 round-number support breached intraday — next named floor is 25,200 (50-day MA). EUR/USD +0.6% at 1.1247 squeezes DAX exporters, compounding the index's tech-led US selloff drag.
Drops 1.0% to 25,594 as S&P 500 falls 1.4% and Nasdaq slides 2.6%; risk-off sweeps all major indices with Gold +0.5% at 3,949 signalling defensive rotation.
Main risk
EUR/USD strength vs. exporter margins
EUR/USD at 1.1247 (+0.6%) lifts input costs for DAX heavyweights like BASF and Siemens; sustained above 1.12 erodes Q4 earnings guidance.
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