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FED decision with leaving the ZERO interest strategy for the next months makes markets happy.
That a change of this policy in the very near future is highly probable doesn't influence the markets right now.
What does it mean?
With this flood of cheap money the last quarter will be profiting - means prices will shoot up - new ATH's very possible.
So looking forward to a year end rally which starts today.
Asia mixed - small minus, Nikkei >2%
btc$ indecision
No important news today. **
DAX still on the up path. GAP of 2 days now closed.
GFIs1
** the IFO numbers from today were already priced in since 2 weeks:
• delay of goods imported is known
• container ships not processed will be in conflict of Christmas business
• shortage in chip production sends German car makers into the desert
• not foreseeing those problems is a lack in the planning
Conclusion - the ongoing insecurity on above points will not help the DAX to see new highs immediately
Last week of important 3rd quarter. Some window dressing ahead!
Asia slightly green - not much vola.
USA important numbers 14:30.
btc$ up.
GERMANY - elections ended yesterday. New chancellor not defined yet.
Discussions on the final standing will take some months for negotiations...
DAX jumped above Kumo again this morning.
8:19 - price above previous week - might give a gap up.