DAX index slumps after US air strike.


DAX index slumps in the early European session as the tensions between Iran and USA increase after an airstrike in Baghdad killed General Qassem Soleimani, head of Iran's Quds Force.

Traders attention has turned to the Middle East tensions, but in Germany the Germany Unemployment Change came in at 8,000 topping expectations of 2,000 in December. The Unemployment Rate in the country came in at 5 percent in December in line with forecasts. Investors dump risky assets across the globe today as the risk-on mood fades away.

On the technical analysis side the Dax index as of writing breaks below the ascending trendline which drives the price higher since early 2019. On...

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