Anyone scalping DAX watch out for this pattern in MACD histogram on 1 min chart as either a start of a retracement and/or reversal, especially so if paired with a divergence. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1513496>
Fed rate cut is priced in again The Federal Reserve is once again expected to cut interest rates by the end of the year, according to the futures market at the Chicago Board of Trade. Weak economic data from housing, manufacturing and consumer spending have pushed prices on federal funds futures higher. The price of the December futures contract implies a 56% chance of a rate cut, up from 37% earlier. It's the first time in nearly a month that the futures market is predicting a rate cut. Two weeks ago, the market was pricing in a 12% chance of a rate increase by the end of the year. You know what I mean ? He, he...