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DAX opens higher but edges lower early trading

The European stock markets have been open for a short while now and it has been a generally more positive start to the day. The DAX resumed live trade above 18,500, but so far it is just now edging lower. It is the same for the FTSE 100 too. The dollar is pretty steady right now, but worth noting that the USD index (USDX) is still parked just south of its 200 day moving average (now at 104.40). There will be more to add on that one later today. The risk dynamic looks far more positive than it was this time yesterday and that looks largely due to a steadying in the Indian markets and lower US yields. That said the Yen is still pushing lower, which does not quite compute in that sense. The DAX is just now trading at 18,490 
 

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