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DAX: The MACD is still bearish despite this week’s little rally. Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

By on 2019/02/13 09:16 in Nicole Elliott / no comments

 

DAX SHORT TERM TRADER: Small short at 11180; stop above 11400. First target 10600.

DAX POSITION TAKER: Short at 10955; stop above 11400. Target 9350.

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South Korea’s jobless rise Highest in 9 years

Data released this morning and reported by Reuters puts South Korean January unemployment at 4.4 per cent. Though low by Western standards, this is a big jump from December’s 3.8 per cent and a level only exceeded briefly in January 2010. A rise in the minimum wage by 29 per cent over the last 2 years has been blamed in Asia’s fourth largest and notoriously hard- working economy. Others are pointing fingers at trade wars, with South Korean exports dropping for a third consecutive month causing the axe to fall on 170,000 manufacturing jobs over the last year.

Belgium will be a no-fly zone today with no aeroplanes taking off or landing. This is because an air traffic controllers’ strike meant they could not guarantee passenger safety.

Financial Markets and Political Commentary
 

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High profile, trusted, veteran Technical Analyst with over 25 years’ banking experience. Key expertise in all areas of Treasury, especially foreign exchange, derivatives, fixed income and commodities. Acknowledged for personal contribution to new developments in the industry. Well regarded by the media for provision of accurate forecasts, succinct copy and entertaining sound bites. Thrives in dealing room environments – excellent interpersonal skills and a strong communicator with extensive business contacts. Looking for suitable and interesting opportunities.