DAX falls sharply on profit taking, Bayer slide

The DAX has posted sharp losses on Wednesday. Currently, the DAX is at 11,619, down 1.43% on the day. In economic news, German PPI declined by 0.1%, shy of the estimate of 0.2%. This marked the second decline in three months. All eyes are on the Federal Reserve, which will release its monthly rate statement. […]

EUR/USD – Euro creeps up to 2-week high

EUR/USD is steady in Tuesday trade. Currently, the pair is trading at 1.1356, up 0.15% on the day. On Monday, the pair climbed to a 2-week high, as the positive momentum continues. On the fundamental calendar, German ZEW Economic Sentiment remained in negative territory, but improved to -3.6 points. This easily beat the estimate of […]

Gold steady on light data calendar

Gold has posted small losses in Monday trading. In the North American session, the spot price for one ounce of gold is $1304.16, up 0.13% on the day. There are no major events on the calendar. In the U.S., consumer inflation remains soft, which means there is little pressure on policymakers to raise rates in […]