DAX: Rejected by the trend line but clinging to horizontal support at 12000. Chart from Analyst, Nicole Elliott – Investors Chronicle.

 

DAX SHORT TERM TRADER: Small short at 12535; stop well above 12400. Target at 11750.

DAX POSITION TAKER: Small short with a stop above 12400. Will add to the position on a weekly close below 12000 and on a daily one below 11700.

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Saudi crown prince comes to town
Talks with the PM and lunch with the Queen

In a closely choreographed first visit to the Western world, Mohammed bin Salman (AKA MBS), 32, arrives in London today for a 3-day trip. Lots of adverts extolling his Vision 2030 diversification plan appeared in newspapers this morning and banners promoting bilateral links are fluttering. His timetable: 12:30 lunch at Buckingham Palace; 15:45 arrives at 10 Downing Street; later dinner at Clarence House hosted by Prince Charles and his
eldest son William.

Previous president of Goldman Sachs and President Trump’s chief economic advisor Gary Cohn resigned yesterday afternoon. Hours earlier @realDonaldTrump Tweeted ‘everybody wants to work at the White House’ ‘and not only in terms of, it looks great on their resume – it’s just a great place to work’.

Financial & Political Commentary

 

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