Annette
Short

DAX possible correction

FX:GER30   The DAX Index
137 0 6
After having met his resistence, DAX             drop also thanks to the instable political issue.

Merkel / Erdogan tug of war is suggesting only 2 scenarios: Europe visa-free for Turkish citizens             or refugees invasion.

European Bank stress test: banking system isn't able to regain confidence soon. Germany’s Commerzbank AG and Deutsche Bank AG             tumbled to new record lows.

Retail terrorism: Merkel open-door refugee policy is already consider a failure. It's only a matter of time and she must resign, influencing also the Euro             currency.

TA: MACD shows a decline and we gonna have a confirmation of this decrease, when Bollinger gonna meet MA200.
Comment: Bollinger still too far from MA200. Waiting for a good entry
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