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Since the previous update the DAX has now further and now it is approaching the 50 day moving average again. As previously noted this has been capping the topside for the index since it fell below there on June 14. Now, owing to the shifting dynamics of the chart, that moving average is higher after the opening today and right now it is in place at 18,366, just above the 18,355 level as of the close last night. The DAX is right now edging above 18,350 and hence close to testing that. It remains to be seen if it will cap the topside this morning
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
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