Macro Morning: Fade

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By Chris Becker

Apologies for lateness today. The weak session in Asia yesterday, which saw the Nikkei flat but the ASX200 lose nearly 0.5% and Chinese stock markets down around 2%, translated into falls on the European and American bourses overnight.

Although a solid retail sales print in Germany should have helped the bulls, it was a case of sideline action with the DAX retreating 1.1% but still well on trend:

Chart DAX30, D1, 2015.03.03 22:31 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

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