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DAX has a close below 19k in sight today
Earlier this afternoon the DAX fell very close to the 18,900 level. That fall came after an update here noted sellers leaning into the rally above 19,100 earlier. So, the DAX fell to a fresh interim low at 18,918. The rebound in US stocks after the CPI data helped to send the Index back above 19k again, but in truth that only seemed due to the US markets and now those US futures have pared their immediate gains, the DAX is falling back again and pushing down towards 18,950. Therefore the odds of the index closing below 19k later this afternoon look pretty tight right now. Of course that may not happen, but the negative price action also seen elsewhere in Europe is not helping, when one casts a look across to the FTSE 100 and the CAC 40. The DAX is just now trading at 18,965
Market News
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
