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DAX futures higher this morning following another record close yesterday
The DAX was narrowly the best performing major European stock market index yesterday. The index reached yet another milestone, when it rose to set a new all time high, at 21,423. The index later closed at 21,411, with a gain of 157 points on the day. Of course that was another in a growing run of record daily closes, the fifth one in a row. Overnight and this morning the DAX futures have advanced further and priced the opening above 21,500. Looking at the technical picture on the RSI (Relative Strength Index), we can see it is now in overbought territory, or least the 14 day RSI will be above 80, if the index reopens above 21,500 this morning. The index future is right now pricing that opening around 21,505
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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...
