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German data misses the mark but does anyone care? DAX futures higher
The latest German industrial orders have just been released and the numbers were not good. New orders were forecast to rise by 0.5% in May. They have actually fallen by 1.6% and that is some miss. However, and as usual this data often falls on deaf ears when it comes to any market reaction. So, right now it seems the weakness of the US data seen yesterday is still eclipsing anything emerging from Germany this morning. The DAX futures are certainly no lower just now and neither is the EUR/USD. The DAX is still priced to open higher this morning. The index enjoyed a good session yesterday, rising by 1.16%, closing 210 points higher, at 18,374. The index is currently priced to reopen in around one hour at 18,420
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
