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Well, the DAX did not manage to open higher this morning and in fact, it has fallen back in early trade. The one reason for that could rest with an escalating row amongst German politicians over the way forward with economic plans and expenditure. You see the German government is formed of a three party coalition and right now it seems they cannot agree on very much, when it comes to future financial policy. The German economy is facing something that it is not used to over the course of my lifetime at any rate, and that is deepening crisis,. This is highlighted well by a lack of growth and massive industrial headwinds. The fact that the DAX has been ignoring this for months now is a conundrum that has been highlighted here many times already over that period. So, does the noted rejection of a new record last week mean that an all time high is now in place and the correction should, or rather could extend lower from here? We shall have to see on that in the coming days. The DAX is trying to edge off the early morning session lows right now though, currently trading at 19,240
So, the initial reaction to the US jobs data saw the dollar fall sharply. As reported on, that dive sent the GBP/USD above 1.28 and the EUR/USD above...
The US equity market futures are all in the green right now and pointing to a slightly higher opening in around 30 minutes. The gains look pretty...
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