17/03/2015

All things considered

The EURO and OIL are both holding and can become double bottoms. If so the DAX uptrend might be over if a buy signal comes on the EURO. It has taken back 1.0500 and is currently staying there. The daily and weekly trends are down but there are buyers just below 1.0500. The strong dollar gives US companies abroad less income and will affect the results and the indices. Add to that the crucial decision about eventual rise in rates from the Fed - now expected to come in June. There has not been so many opposite strong fundamentals for a long time.

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