Ready to Get Started?
Start here. Join over 12M Libertex users around the world!
DAX rally runs out of steam for the time being
Since earlier this morning when the DAX did push higher in early trading, the index has since fallen back. Earlier the DAX reached 25,082. It has since stepped back to below 24,950. The reason for this is not clear and certainly there has not much in the way of fresh news to facilitate the relapse.
The slight rebound in the oil price this morning might have played a role but in real terms that has now even reclaimed levels above $80 and so not exactly a dampener on the DAX. The US futures are still on the front foot, so there is nothing from that direction either. The conclusion here; just another intraday trading swing at this stage. The DAX is right now at 24,965
Market News
All News-
Dow Jones sure kicks off on the front foot this afternoon
We shall come back later perhaps with the precise opening for the Dow Jones this afternoon, but suffice to say it was markedly higher and effectively...
-
A bull trap?- USD/JPY does a Volte Face
Since the initial reaction higher in the USD/JPY which saw it jump immediately above 154.40, the dollar has since fallen back below the earlier lows...
-
A very lively two-way reaction to the US CPI data- check out the S+P 500 futures now
The immediate reaction to the US CPI report was rapid and dramatic across a number of markets. We already covered the USD/JPY and Gold and now we look...