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DAX turns back from a new all time high
Much earlier today an update here looked at the prospect for the DAX to run into month end/Easter weekend profit-taking. Well that prospect did not stop the DAX from opening higher this morning and rising to set a new all time high earlier, at 18,238. However, it has backed off from that now and it is currently tracking back towards 18,175. That relapse comes as the FTSE 100 also comes off the boil and dips below 7,900, as all the US futures have turned lower once more. The Dow Jones future is now close to session lows underneath 39,400. The fact that dollar has now weakened again at the same time is a little odd, but there is no hard and fast rule in that regard. The DAX is just now trading at 18,190
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