Short DAX at 7740

10:00 CET - EUR German IFO - Expectations (OCT)

 

German Oct. Ifo index rises to 107.6 from 106.8.

 

USD/JPY 80.65, EUR/JPY 1113.45, EUR/USD 1.4064. Prepare for market impact. Since when is a weak USD good for world markets ?

 

better question: since when is a strong Euro good for German companies?

answer: it isn't, but will appear so until full tilt either capitulates on his short or is liquidated by his broker!

 

Weak USD is good for the markets when there is huge debt burden.
As you know when your revenue comes from abroad and you devalue your currency, stock market can keep up pace.

Btw. I was already impacted, I bought jpy.

 

Industrial New Orders m/m +5.3% vs. +2.1% expected

Well, correlation between the indices must be quite down compared to averages (dax vs. indices).

 

3 point FDAX range in one hour ! This market is becoming a joke similar to the one called "US market"...

 

Usually short covering....

 

so DAX gap is closed and we can go up again?

 

Bundesbank President Weber says Germany's economic recovery is not yet self-sustaining, with growth slowing in the second half of the year.