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DAX turning lower towards 19k again as risk aversion mounts

The comments emerging from Russia today have sent a risk-off tone across the European stock markets and as noted in the previous update, all those markets are now in the red. Even the FTSE 100 is threatening a move back below its 200 day moving average, after rising quite impressively above it earlier. The price action in the USD/JPY is rapid and it is all over the place. The Dollar just lifted back above the 154 handle again, but that move was never likely to be sustained for the time being, just correctional to the slide that came before it. So, it is not likely to be a positive opening for the US stock markets later today either, unless something changes. The DAX is now falling close to 19k and this fall comes after news emerges of a long-range Ukrainian strike. The markets are now very anxious and it looks like we have more risk aversion to come. The DAX is right now at 19,020 
 

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