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DAX takes another hit to fresh session lows on breaking German political headlines
Following on from the previous update noting the more than 50 pip crumble on the EUR/USD following the news headline surrounding the German Green party, the DAX also got whacked. Earlier the index had fallen towards 22,750. It had been on the rebound prior to that headline. This has sent it sharply lower once more. The index hit a session low around 22,710 on that news. So, once again folks we are seeing some rapid and volatile moves based on headlines and the overall deterioration in the risk backdrop. The DAX is currently trading at 22,760
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