27.01.2014- Falling of the German market has stopped
The German stock index DAX30 has corrected within the local rising channel. Cause of decline was fear on slowing down the industrial production in China, as well as the expectation of reducing the quantitative easing program in the U.S. FOMC meeting will take place on January 28-29 , after which will be announced the volume of asset purchases by the Fed. We expect index to bounce up to the level 9500. If the price will fix below 9400, the closest target is the level of 9220.