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DAX continues to lose ground after ECB speakers pour cold water on further cuts
There has been a whole plethora of ECB speakers spouting off this morning and the takeaway from most of that is increasingly the cut in rates yesterday could be a one and done. That is not definitive of course, but the rhetoric coming out this morning is one of caution in regards to the markets expecting more of the same. That has seemingly weighed on the DAX and the index is falling further into the red just now. The DAX is now approaching 18,500 to the downside, currently trading at 18,510
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
