Dax index Performance

DAX Index Slumps After U.S. Air Strike in Iran

DAX index slumps in the early European session as the tensions between Iran and USA increase after an airstrike in Baghdad killed General Qassem Soleimani, head of Iran’s Quds Force. Also killed Abu Mahdi al-Muhandis, deputy commander of Iran-backed militias in Iraq and at least five other people. Traders attention [...]

Who is Andrew Bailey? The New Bank of England Governor

Last Friday, the British government finally announced the next Bank of England (BOE) Governor after delaying the decision last year because of the general elections and Brexit. Mark Carney who has been heading the central bank since 2013, will be replaced by a BOE veteran, Andrew Bailey. Chancellor of the [...]

Markets Steady as White House Lockdown Said to Be Lifted

According to news reports monitored from major news outlets, the White House lockdown that was applied a short while ago following an airspace violation has been lifted. An aircraft apparently strayed into restricted airspace in the Washington DC area, causing fighter jets to be scrambled and the White House to [...]
DAX Index

Forex Focus on Brexit Deal

Trading week starts quietly on the data calendar, so traders attention will be for one more day in Brexit developments, as the UK Parliament failed on Saturday to deliver a vote on Brexit deal. EU has not yet responded to PM Johnson’s request for an extension of the October 31st [...]

USDJPY Muted on Japan Gov. Downgrading Economy Outlook

The Japanese Yen (USDJPY) barely reacted on the Japanese Government downgrading its economic outlook for the third time this year. The USDJPY price action is muted  as the price consolidates above the September 19 high of $108.47. The next major resistance block awaits just 40 pips higher at the October [...]