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CAC Forecast: Continues to Focus on €7900 The Parisian CAC fell significantly during the trading session on Tuesday, but he continues to see support in the same general vicinity, namely the €7900 level. Because of this, I do think that we have a situation where traders will pay close attention to whether or not this level holds, as it is a large, round, psychologically significant figure, and of course it’s also an area that has already been tested multiple times. That's the reason why I will be watching very closely. Are We Still Range Bound? I think at this point in time, the market is still trying to question whether or not we are range bound, and I do think that the next couple of sessions could be a pivotal turn of events for the market, and therefore we need to pay close attention to what happens next. Ultimately, this is a market that will have to make a decision, and the fact that we have the European Central Bank with an interest rate decision coming up in the next couple

DAX Forecast: Gives Up Initial Gains on Monday The DAX initially rallied during the trading session on Monday, but then melted down after the PMI miss in the United States has everybody banking on the idea that the economy is going to collapse, and we will all be dead in a week. Obviously, this is hyperbole, but at the end of the day, that’s essentially how the market is behaving. With that being in mind, I think that those who are going to be a bit patient will probably be rewarded for that patience. DAX Will Lead the Way The DAX will lead the way for the rest of the European indices, and I think you should continue to look at the DAX as the “bellwether index” for the European Union. After all, Germany is by far the biggest economic engine on the continent, and I think a lot of people will look at it through that prism. With this, I like the idea of buying the DAX on these dips, because I do think that it is probably only a matter of time before people start focusing on the idea of Ge