DAX has a look above 16,500 and takes one step closer to a new record
Following on from a series of updates this week and last, the DAX has taken one step close to a new record high this afternoon. The DAX has lifted...
Dow Jones and Nasdaq flips positions as yields fall and tech rebounds
Ever since the opening for the US stock markets today we have seen a reversal in the divergence between the Nasdaq 100 and the Dow Jones, That is to...
GBP/USD takes out double bottom at 1.2604 but rebounds on JOLTS data
Not long before the US economic releases this afternoon, the GBP/USD made a brief move below the noted 1.2604 double bottom on the daily charts. The...
The European stock markets are falling further into the red again. The FTSE 100 is now dropping close 7,600 and the DAX has just this minute hit a fresh session low underneath 15,400. The moves lower come as the US futures take a hit lower too. Once again, there is no fresh news to hold account for the further losses and as noted here earlier, this looks to be all part and parcel of higher US and European yields continuing to weigh on equity markets. Perhaps more especially, this is forcing yet more liquidations ahead of the quarter end and perhaps more forced in that sense, rather than voluntary. The DAX is just now trading at 15,395