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DAX not really making much headway so far
Earlier this morning, as expected the DAX did reopen modestly higher, resuming live trade at 15,113, from a close yesterday at 15,099. The immediate price action saw it fall back to as low as 15,073, before a rebound set in to take it back to as high as 15,157. However, since then and right now, the index is drifting lower again. The lack of traction is surely a disappointment to the bulls and it seems to be stemming from another rebound in the dollar, as the EUR/USD falls back close to 1.05 once more. That move lower is just now being fuelled by some dovish ECB comments on the interest rate outlook. The DAX has just now dipped below the 15,100 once more
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