The DAX Index is Calm

Forex News

DAX is steady, trading at 12,430.00. Tomorrow, the Eruopean Central Bank will announce its decision concerning policy tightening. Markets have totally lost their faith in the US President as his healthcare bill wasn’t approved. It turned out to be much worse than the Obamacare. The majority still awaits some news about the Fed’s rate hike. The US inflation remains soft and Central Bank becomes less likely to execute the tightening. Fed fund futures’ price keeps falling. US Consumer Price Index rose to 0.0%. Retail Sales fell 0.2%, the 3rd drop in four months. Economic growth of the first quarter indicated 1.4%. If this streak of failures continues, the greenback will carry some heave losses.