Ready to Get Started?
Start here. Join over 12M Libertex users around the world!
DAX steps back after stalling earlier above 26,650 as oil rises
As expected the DAX did open higher earlier today. The index had closed last night at 26,347. It reopened today at 26,623. The index traded as high as 26,659 and looked like it might once again test the record high seen last week, at 26,692.
We did caution on that prospect though and since the high the DAX has now fallen back towards 26,500. The move lower in the past 10-20 minutes has come as Oil prices rise again and Brent crude has not long ago reached to session highs, around $102.85. The DAX is currently trading at 26,535
Market News
All News-
We said it was not finished with the topside yet- USD lifts above 159.25
A little earlier today we noted how the USD/JPY had now traded above its 100 day moving average and momentarily stalled at 159.04, which was a...
-
EUR/USD slips below first support
Much earlier this morning we noted how the rebound in the EUR/USD such as it was, was not impressive and basically what is known as a dead cat bounce...
-
OPEC monthly market report shows no change in demand outlook-Brent unfazed
The regular monthly oil market report from OPEC has just been released. The oil cartel have just said their 2026/7 demand outlook forecast is...