DAX has a look above 16,500 and takes one step closer to a new record
Following on from a series of updates this week and last, the DAX has taken one step close to a new record high this afternoon. The DAX has lifted...
Dow Jones and Nasdaq flips positions as yields fall and tech rebounds
Ever since the opening for the US stock markets today we have seen a reversal in the divergence between the Nasdaq 100 and the Dow Jones, That is to...
GBP/USD takes out double bottom at 1.2604 but rebounds on JOLTS data
Not long before the US economic releases this afternoon, the GBP/USD made a brief move below the noted 1.2604 double bottom on the daily charts. The...
There is some news just out concerning deals over the new Apple iPhone in China which might have added to the downside we are now seeing in the Dow Jones futures. That is debateable and besides, the move is very small at this stage in points terms. However, the Nasdaq 100 futures are now a little more in the red at the same time. That said, none of these moves amount to anything that cannot be quickly reversed when live trading resumes in around 30 minutes. At the same time, it would not come as much of a surprise to see the US stock markets give back some gains ahead of the weekend, considering how far they have come already this week. The DAX is coming a bit more off the top at the same time too. The Dow Jones futures are just now pricing the reopening at around 34,890, compared to a close last night at 34,907