Dax

DAX extends gains ahead of EZ and US inflation data. Oil holds steady with the OPEC+ meeting and China data in focus.

DAX rises ahead of inflation data. GBP/USD rises to 1.27 on divergent central bank chatter.

DAX slips, German consumer confidence ticks higher. GBP/USD consolidates at a 3-month high ahead of US consumer confidence data.

DAX slips as German recession worries rise. USD/JPY falls as Japanese CPI rises and ahead of US PMIs.

GBP/USD consolidates ahead of BoE Bailey’s speech. DAX steadies after last week’s gains, PPI cools.

GBP/USD falls after retail sales unexpectedly fall. DAX rises and is set for a weekly gain ahead of eurozone inflation data.

After hitting a new all-time high in February, the FTSE has struggled to find any sustainable support, hurt by concerns over China, UK’s struggling economy and high interest rates across the world. But we have had some positive data out of China, the UK and US this week, which may mean the worst days are behind us.

GBP/USD falls as UK inflation cools. DAX rises on optimism that central banks are done hiking rates.

Sentiment has been somewhat firmer in the last couple of days with global indices staging a decent recovery. But at the start of today’s session, caution was the name of the game. European indices and US futures were trading a touch lower as investors awaited the Federal Reserve’s rate decision.

DAX inches higher after weak German retail sales, EZ GDP, CPI up next. Oil rises as supply worries overshadow weak Chinese data.

EUR/USD has pulled back against Monday’s moves, but has the potential to extend yesterday’s rally should inflation data from across Europe come in hot enough today. We also have the FOMC meeting looming which has seen implied volatility rise for the pair.

DAX rises ahead of GDP & CPI data. USD/JPY falls below 150.00 ahead of a central bank busy week.

DAX falls ahead of the ECB rate decision. USD/JPY rises above 150, on intervention watch ahead of US Q3 GDP.

DAX falls with earnings in focus and despite improving business morale. Oil steadies after yesterday’s declines, EIA inventory data is in focus.

A 2-bar reversal on EUR/USD suggests it may have seen the completion of a 3-wave correction. If so, it also assumes a break to new cycle lows. Elsewhere, USD/CAD is sitting pretty just off its cycle highs ahead of today's BOC meeting, where a dovish hold might help it make a break for 1.38.

The USD is on the ropes as we enter this session, but it’s likely all down to yields as to where the dollar goes next. And we have enough data in the pipeline to make it go one way or the other. The DAX is also clinging to support, but I see the potential for some mean reversion ahead of its next leg lower.

The FTSE and DAX both fell after relatively weak economic data drove fears of a recession, while the ongoing conflict between Israel and Hamas hurt risk appetite across the board...