Wednesday , 6 November 2024
Home Forex The early rally in the German DAX is gone
Forex

The early rally in the German DAX is gone

The most-bizarre reaction to the Trump win for me was the initial rally in the DAX. If the US is coming with tariffs, that’s a big problem for Germany’s export sector, in particular.

The market seems to have figured it out as the rally has now turned into a 0.3% decline. Here is the intraday chart:

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

The US treasury auctions off $25B of 30 year bonds at a high yield of 4.608%

High Yield 4.608%WI level at the time of the auction: 4.63%Tail: -2.2...

US treasury to auction $25B of 30 year bonds testing the buyers appetite

The US treasury will auction off $25B of the "grand-daddy of them...

EURUSD moves down toward triple bottom in June and bounces. Sellers still in control.

The EURUSD moved higher before the results of the election started to...

Nomura now sees just one Fed rate cut in 2025 after Trump win

Nomura anticipates that the Fed will respond cautiously to a Trump administration...