DAX “…second consecutive little doji in what is clearly a countertrend move.” Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle

 

DAX SHORT TERM TRADER: Short at 11200; stop above 11755. Target 10400.

DAX POSITION TAKER: Short; stop above 11700. Next target at 10700.

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US politics as divided as ever Democrats regain lower House

US Democratic politicians and supporters are celebrating because they have, after an 8-year gap, regained the majority in the House of Representatives. President Trump is Tweeting gleefully because, in the states where he campaigned aggressively, the Republicans gained an extra 3 Senate seats. Welcome back to Congressional gridlock, might be the way to sum it up.

Data compiled by Dealogic show that in the year-to-date US firms have invested $87 billion in UK firms, up $57 billion since this time last year, and this excludes the undisclosed amount PepsiCo offered for snack firm Pipers yesterday.

Financial Markets and Political Commentary

 

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