The DAX has followed the falling EURO the whole week. The lower the Euro gets the higher the DAX goes. DAX is the only Euro land. SWED and FTSE got kronor and pounds which are stronger than the euro, especially the pound. SWED has been sideways all week and the FTSE has fallen but now built a bottom. DAX blow out trend is impressing in strength with new all time highs daily. The EURO is steeply down and has broken 1.0500.
SP500 and DOW looks the same with the daily trends down on crosses. SP500 has not retaken 2055 but a late rally lifted the index to close at 2053. The main support is now 2040.
OIL has broken main support and is now close to the bottom. You have all charts below.
The strong dollar and the up trend in rates keeps the US indexes at bay so far.
SP500 and DOW looks the same with the daily trends down on crosses. SP500 has not retaken 2055 but a late rally lifted the index to close at 2053. The main support is now 2040.
OIL has broken main support and is now close to the bottom. You have all charts below.
The strong dollar and the up trend in rates keeps the US indexes at bay so far.
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