DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The bulls are threatening to break the consolidation to the upside yet again. A solid bull candle drove an intraday all-time high on the DAX futures but the move could not quite hold on to close above the previous peak of 12,518 which just…

Market Overview Markets are taking on a phase of consolidation as the week draws to a close. There is little real direction to speak of throughout major forex and equity markets. There may be a slight positive bias for equities this morning in the wake of some strong after hours numbers from the tech giants…

As the week draws to a close markets are beginning to consolidate. However looking across several of the major markets there is a sense that near term moves have reached a series of crossroads. The next move could determine whether the risk recovery is set to continue, or take a cautious reverse once more. The…

DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The consolidation is just beginning to tail lower as a correction threatens. The candlesticks over the past few days have been deteriorating in the past couple of sessions and the rally is rolling over. Momentum indicators are beginning to pull lower in a suggestion…

DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The consolidation in front of the ECB continues with little real direction on the DAX in the wake of the initial strong upside breakout on Monday. I discussed the tendency for the DAX to follow sharp upside breaks with a period of correction and…

Market Overview As Donald Trump approaches 100 days in office (will be on Saturday 29th April), markets have been preparing for his “huge” tax plan. However the announcement of Trump’s tax plan has left more questions than answers as the dollar and equities sell off. Markets have subsequently given the announcement a fairly luke-warm response.…

DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) A consolidation is taking hold in front of the ECB but is the DAX due another correction? The strong breakout to new all-time high ground has started to slow and early moves today are lower. The concern is that in four of the five…

Market Overview Risk appetite remains positive in the wake of the French election. The momentum in the bull run is still there but it will be interesting to see if it can continue as attention turns to the BoJ, ECB, European inflation and US growth which all come towards the end of the week. However,…

Market Overview Although there is a degree of consolidation taking over forex markets as traders pause to take stock after yesterday’s huge risk rally, there is still a mild risk positive bias in sentiment. The clear lead for Emmanuel Macron in the first round of voting in the French Presidential election has stoked the fires…

DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The bulls remain in control today refusing to give back any of yesterday’s huge gains that moved the market into new all time highs. The day after a big run higher is always interesting to see how traders react and so far the signs…