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FTSE 100 and DAX rotation comes to mind now
Since the previous update here noted the positive reaction in the DAX to the better than forecast ZEW index, it has tested the 18k level. So far that has capped the topside though. Meanwhile, over in the FTSE 100, the price action has been in the opposite direction. The FTSE 100 is now approaching session lows as it falls dangerously close to the noted 7,700 support. So, what can we gleam from this differing price action? The answer is simple- potential rotation out of UK stocks and into German ones. That is not 100 percent a cast iron conclusion, but it sure looks like it right now.
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Bitcoin lifts above 84k as it continues to track tech and risk
As the US equity markets push higher again that has now seen the Nasdaq 100 lift above 19,600. Well, no surprise to see that this move has been... -
As expected Gold backs off from new all time high above $3000
As covered here earlier today, spot Gold rose above $3000 per ounce for the first time ever. Subsequent to the update covering that move, the metal... -
Dow Jones drops back after University of Michigan consumer sentiment index falls
The latest reading of the University of Michigan consumer confidence has just been released and it has missed badly on expectations. At the same time...
