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Thanks for the question.
No I did not bring options in the run.
Just because when I am not at the keyboard - it doesn't change anything.
So as I am in other business out of office I can not proceed with my daily DAX trade. Switching to other instruments (with same underlying) is harakiri.
I am fine with the actual sideways - DAX makes a pause in trading like me
Today the DAX came out south of Kumo 1h with lower prices ahead.
So I decided to take the normal Friday trade (IB up, trade down)
means
DAX short 9:30 to 17:00
entry @ 12675
exit @
result
Wow, that was really a huge trading pause you took. Already had concerns that the last trade has triggered a negative impulse with you. As I see, this is thank God, not the case.
Welcome back to the action and I also see today in the DAX rather a move to the south.
Asia mixed: Alarm in Taiwan (after Xi's 3rd round and threat to overtake Taiwan soon) - Hang Seng index (Hong Kong) was sent down 6.3% today!
btc$ creeping above 19k
News today in a colorful bunch from morning to afternoon.
Reporting Season opens today. A lot of big companies will be seen this week.
The DAX is still on the roller coaster. After two highs - means inverted "W" a quick down is highly possible.
DAX was yesterday for a moment above 13k, dived then again a bit.
Today the 13k line was not hit. Just down again in this troublesome water.
In the numbers session this week we have seen the first large companies around the world that are not delivering as foreseen. So some companies have really large downs of the wins in 3rd quarter - up to 50%! With a outlook on the last quarter this is hindering to reach the goals set for this year.
Waiting for the correction that is necessary in this heated up world.
New ECB rising interest decision this afternoon.
And Credit Suisse (CS / 2nd largest bank in Switzerland) is bleeding out after their news this morning to reorganize their whole company. After making public that the bank made in 3rd quarter a minus over 4 billion Swiss Francs the price went down another 12%. All good meant reorganization was blown in the wind.
Just to tell of what we speak: "Escher founded the CS on 5th July 1856" named at that time Swiss Credit Institute (Schweizerische Kredit-Anstalt / SKA), renamed to Credit Suisse lately.
ECB decision will have impact on the direction of the DAX of course.
Above 13k now - but playing with the 12k as well.
I take the liberty to post three links to your above posting:
1. Most people here from abroad and even Swiss will not know "Alfred Escher" in more detail. The following is a short curriculum vitae of one of, if not the most important man of the city of Zurich in the last 150 years:
No Swiss bank has been asked to pay more than "Credit Suisse" for legal disputes since the financial crisis. Most recently, the major bank reached a settlement this week with the Attorney General of the State of New Jersey in connection with the residential mortgage business. The bank is paying 492 million Swiss francs to end a year-long legal battle.
In the following link you also will find a list about those payments. In total so far: 12 Mia SFR. Question: Where does all that money come from?
Following the link which will take a moment to load, as it is translated from German to English with Google Translator:
The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress in withdrawing monetary policy accommodation. The Governing Council took today’s decision, and expects to raise interest rates further, to ensure the timely return of inflation to its 2% medium-term inflation target. The Governing Council will base the future policy rate path on the evolving outlook for inflation and the economy, following its meeting-by-meeting approach.