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As the month and quarter end looms can the DAX do it again?
The European stock markets will very shortly reopen for the penultimate session of the month and the first quarter. As we know the DAX set yet more records yesterday, with a new all time high and a new record close. The question right now, just ahead of the opening; is can the index extend upon those today, or is it time now for a bout of profit-taking to kick in? Personally speaking it seems overdue, but at the same time the force is strong with this one and there does not appear to be a news based catalyst to force a correction yet. The index is still flirting with the 18,400 handle just ahead of the opening today
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Dollar slips back heading into the US stock market opening- GBP/USD reclaims 1.2500
The dollar has just taken a lurch lower and that has now seen the GBP/USD recover the earlier fall to below 1.2450. It was noted here already; that... -
DAX continues to forge ahead as it sets fresh records near 18,700
Since the last update here noted the rise to a new all time high in the DAX, breaking above its previous record, at 18,567, the index has not looked... -
GBP/USD lifts then slips after Bailey comments on future policy
The knee jerk reaction to sell the pound after the BOE policy decision was all predicated on the voting split amongst the MPC (7-2 versus expected 8-1...
