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DAX opens higher this morning

Yesterday the DAX closed 0.23% lower, handing back 44 points, closing at 19,377. The DAX futures were pricing an opening close to 19,440 earlier this morning. The index has literally just reopened around 19,400 and immediately trying to push higher. The price action in very early trading is as usual pretty frenetic, as the index tries to battle out direction. The EUR/USD is edging a little lower just now and that is helping. However, as far as the STOXX 50 is concerned, that is rather in contradiction to the opening moves seen in the DAX. We shall see how this plays out as the morning unfolds and whether or not it is a case of Sell the Rally in the German index. The DAX is just now trading at 19,425 
 

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