Dax remains in an overall downtrend
The German Dax index recovered along with global equities following the recent bout of volatility, but a look at the charts reveals that it remains in a longer-term downtrend.
FX Trader, Loonieviews.net
Summary: Hurricane Michael is giving some support to oil prices as drilling platforms which account for about 35% of Gulf of Mexico production were moved or shut down. Elsewhere, EURGBP may be setting the stage for a big drop.