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German payrolls fall by 17k -DAX remains resilient near record levels
That German September unemployment report has just been released and it has shown a slightly larger than expected fall in payrolls- 17k versus forecast -12k. The underlying rate has remained at 6% though, but this news did slightly knock the EUR/USD a little lower, but not my much and it has not materially impacted the DAX. Earlier this morning, as noted the DAX commenced live trade with a new record opening level at 19,257 and then reached a new all time high at 19,286. Following the release of this data, the index has not moved much and if anything it is slightly higher than beforehand. The DAX is just now trading at 19,270
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Dollar pushes higher into the 4pm London Fix- EUR/USD sets fresh session low
The dollar is making further headway now this afternoon. The EUR/USD has just now hit a fresh session low at 1.0967 and the USD/JPY has just lifted to...
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Early rotation favours tech as Nasdaq 100 outperforms
The US stock markets have not long reopened for live trading and the early moves have factored the Nasdaq 100 at the expense of the Dow Jones. The Dow...
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Brent crude continues to back away today
Since the last update here earlier this morning there has been no further traction for the Oil markets. In fact the price of Brent crude for December...
