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As noted here much earlier this morning the Dow Jones set in place a pretty noticeable outside day reversal, after it opened at a new record high (43,240) and then set a new all time record high, at 43,277, only to reverse and close below the previous daily close (43,065), ending the session at 42,740. Well, it has just this minute reopened lower, at 42,706 and as usual the price action in the first few minutes of live trading is sporadic and rapid. That is usual these days. The risks of a further fall look live right now, but the usual caveat applies to this type of technical warning- it does not always follow-though the next day. That said, given the lofty level of the index right now, the reversal seen yesterday could be a clear warning. We shall see on that as the day unfolds. Just now the index is bouncing off the opening lows though, currently trading at 42,760
Earlier this morning an update here noted that German defence sector stocks were fuelling another push higher in the DAX. Well, since that update the...
The USD/JPY is right now very close to the earlier Asian session low at 151.48, which came after the latest Japanese GDP data beat estimates. The move...
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a...
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