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DAX falls below 15,600 as BOE looms ever closer
In around 15 minutes from now we will know what the Bank of England has decided to do with its monetary policy. Will they stick or will they draw? we shall soon see. Meantime, the US stock market futures are still under pressure and so is the DAX for that matter. The German index has just now fallen to a fresh session low underneath 15,600. That means it is once again falling close to its 200 day moving average. I said several days back; that I would not rule out a test of this level at some stage and so today we are close once again. The 200 day moving average is in place today at 15,543. The index has just now fallen to around 15,590
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