DAX has a look above 16,500 and takes one step closer to a new record
Following on from a series of updates this week and last, the DAX has taken one step close to a new record high this afternoon. The DAX has lifted...
Dow Jones and Nasdaq flips positions as yields fall and tech rebounds
Ever since the opening for the US stock markets today we have seen a reversal in the divergence between the Nasdaq 100 and the Dow Jones, That is to...
GBP/USD takes out double bottom at 1.2604 but rebounds on JOLTS data
Not long before the US economic releases this afternoon, the GBP/USD made a brief move below the noted 1.2604 double bottom on the daily charts. The...
On Friday the European stock markets were not able to catch a ride on the coattails of the US indexes, as the weekly close here in Europe came too soon for that. Besides there was clear divergence ahead of that, as Europe continued to head in the opposite direction anyway. So, all the major European indexes ended the week with a loss on the day. The worst performer was the FTSE 100. That handed back 1.28% on the session, compared to a 0.96% fall for the CAC 40 and 0.77% for the DAX. As noted here earlier in the day, the DAX had stalled above 15,300 and then fallen back to as low as 15,171. The rebound into the close saw the index end the week at 15,234, with a loss of 118 points on the session. However, the DAX futures are higher this morning and currently pricing a reopening at around 15,285, but it is another thing to see if this current opening outlook will be sustained when live trading resumes