Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
German November PMI not encouraging- DAX edges lower
The important German November flash PMI readings have now been released. The French data that preceded this was noted in the previous update and it was not just poor, it was dire and that is what pushed the EUR/USD back down again. This German data a little more mixed, but it was not good by any stretch. The service sector reading fell back underneath 50 and the manufacturing number only rose 0.2% above forecasts. Initially the EUR/USD fell back towards session lows, but it has now bounced a little. However, beyond any immediate reaction, the German data was not at all encouraging. The DAX has not fallen back much yet though and remains elevated for now. Why you might ask? Well, perhaps it is not about that data in terms of the immediate moves, but in truth it really should be. The DAX is currently trading at 19,255
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
