Bank of England<\/a> (BoE) and the US Federal Reserve (Fed) slated to deliver their respective rate calls and associated monetary policy statements.<\/p>\nFrance\u2019s CAC40 gained nearly 170 points on Friday to close up 2.28% at \u20ac7,634.14, while the pan-European STOXX600 index climbed 5.31 points to end the trading week at \u20ac483.84, up 1.11%.<\/p>\n
Germany\u2019s DAX indexed closed at record highs but still underperformed its European peers, gaining about a third of a percent and closing at \u20ac16,961.39, up nearly 54.5 points.<\/p>\n
London\u2019s FTSE 100 index also climbed on Friday, adding 105.36 points to close up by 1.4% at \u00a37,635.09.<\/p>\n
DAX Technical Outlook<\/h2>\n
Germany\u2019s DAX index pinned into near-term highs near \u20ac16,950.00 to hit the closing bell at its highest bids ever, and the index is up nearly 3.75% from last week\u2019s swing low into \u20ac16,328.00.<\/p>\n
The DAX is trading well above technical levels with the 200-day Simple Moving Average (SMA) well below current price action at \u20ac15,905.00. The index hasn\u2019t made contact with the 50-day or 200-day SMAs since November of last year, when the German equity index rallied from \u20ac14,600.00.<\/p>\n
DAX Hourly Chart<\/h2>\nDAX Daily Chart![\"\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/DAX-638418965957649609.png\")
<\/h2>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Share: The ECB left the door open for data-dependent rate cuts, but remains tepid. Earnings beats helped equities shrug off Consumer Confidence miss. BoE, Fed the headline risks for next week. European indexes wrapped up Friday trading firmly in the green, shrugging off a dovish European Central Bank (ECB) and a downside miss in European […]<\/p>\n","protected":false},"author":2,"featured_media":237167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,825,307,747,255,250,252,247,253,249,256,254],"class_list":["post-237166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-equities","tag-europe","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=237166"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237166\/revisions"}],"predecessor-version":[{"id":237173,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237166\/revisions\/237173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/237167"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=237166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=237166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=237166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}