DAX: Slipping suddenly after Monday’s decent-sized hanging man, just tipping momentum bearish at last night’s close..Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

US Democrats move to impeach President Trump

Speaker Nancy Pelosi blames him of seeking Ukraine’s help to smear Joe Biden’s name

In a nationally televised address she accused him of ‘’betrayal of his oath of office, betrayal of national security and betrayal of the integrity of our elections’’. Firing back on Twitter Donald Trump called the impeachment inquiry ‘’Witch Hunt garbage’’.

The Financial Times reports that today Dieter Kempf, head of the German BDI business lobby group, called on his government to abandon what’s known as ‘black zero’ balanced budget rule. He thinks the government should increase sovereign borrowing because, ‘’we have a different situation. The economic boom is coming to an end, the state can borrow at negative interest rates and we have a big investment deficit’’. He is the latest in a long line urging a more pro-active stance, especially on investment in education and infrastructure.

Financial Markets and Political Commentary
 

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Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.