On Friday the DAX narrowly avoided a daily and weekly close below its 200 day moving average, at 15,549. The index closed the week at 15,557, after falling to as low as 15,471 earlier in the day. I noted earlier in the session; that it was one thing to open below this technical level (which it did when opening at 15,473), but another thing to close below it, which as you can see it did not. However, the DAX futures have not really capitalised on that close and are struggling for traction right now this morning. The index future is once again pricing a reopening below its 200 day moving average, after an earlier modest rebound blew out at around 15,565. That opening outlook might change in the next hour though, but as things currently stand the index is set to reopen at around 15,530
US stocks open lower- Dow Jones drops back closer 36k
The US stock markets have just reopened and it has been a negative start to the session. That might change as the afternoon unfolds and as already...
Nasdaq 100 futures still in the red as ISM awaits
The US stock markets will soon reopen for live trade and ahead of that opening the Nasdaq 100 futures are still in the red this afternoon. Even after...
Brent reverses direction again as it now slides to fresh interim lows
Since rebounding back above $79 per barrel, the price of Brent crude has been falling back steadily over the past hour. That fall has now taken out...