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S&P 500 May See Rebound Despite Earnings Concerns

With US earnings concerns, worries over the situation in the Ukraine and UK inflation data, Michael Hewson considers how this is impacting stocks, sterling and the euro.

  • The S&P 500 has bounced off the November highs, with the potential for a rebound towards 1840
  • Potential evening star candle formation for GBP/USD which may see a correction lower
  • Draghi managed to talk the euro lower despite market suspicion and may see further weakness if US data improves
  • USD/CAD may have seen a recent low as a bullish engulfing day may target C$1.11

 

Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.

Video content by Michael Hewson of CMC Markets

The contents on CleanFinancial.com including any articles or videos are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice or form the basis of an of investment decision.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.

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Chinese Data Sees Renminbi Weaken as Government Adds Stimulus

This technical analysis video discusses the effect of latest Chinese data on the Chinese currency and how US indices are reacting to the corporate earnings season.

  • Chinese renminbi continues to weaken as authorities attempt to stimulate growth
  • Dow Jones and NASDAQ trading at key levels with significant earnings reports coming up this week
  • Russell 2000 is trading exactly on its 200DMA support after trading well above it for some time

Michael Hewson’s analysis also looks at the S&P 500, the FTSE 100 and the DAX 30, as well as EUR/JPY, EUR/GBP and commodities such as coffee, soybean, wheat and sugar.

 

Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.

Video content by Michael Hewson of CMC Markets

The contents on CleanFinancial.com including any articles or videos are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice or form the basis of an of investment decision.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Conduct Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.

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S&P 500 Reverses After NFP Data Fails to See the Index Break Above 1900

Following a fairly neutral Non-Farm Payrolls report, Michael Hewson takes a look at the sharp pull back in US stocks, as well as the potential gains for the euro on a lack of ECB action.

  • S&P 500 failed to break above 1900 and so reversed to test support levels around 1840
  • We have seen a reversal in EUR/USD as Draghi refrained from taking any drastic action to combat deflation fears
  • Chinese stimulus and potentially good data is seeing a head and shoulders pattern which may target a 200 point gain in AUD/USD

 

Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.

Video content by Michael Hewson of CMC Markets

The contents on CleanFinancial.com including any articles or videos are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice or form the basis of an of investment decision.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.

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Will the Euro Continue to Rebound After the Initial Ukraine Crisis?

In this weekly charting analysis video, Jasper Lawler considers the key upcoming economic data and how the major forex markets are trading.

  • EUR/USD is seeing a rebound from the initial Ukraine crisis but is trading near trendline support
  • USD/JPY has seen a rally and is currently fairly well correlated with the Dow Jones
  • AUD/USD may be seeing a reverse head and shoulders pattern

 

Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.

Video content by Michael Hewson of CMC Markets

The contents on CleanFinancial.com including any articles or videos are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice or form the basis of an of investment decision.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Conduct Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.

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Do Traders Expect Stimulus from the European Central Bank?

With a busy week for economic data, Jasper Lawler considers how the markets are trading and what expectations are for the ECB rate meeting and Non-Farm Payrolls.

  • Weaker Chinese data may increase stimulus, whilst declining Japanese business confidence may inspire the BoJ into further action
  • European indices closed lower on poor data, with the euro rallying, which may imply that traders do not expect any stimulus from the ECB
  • US sentiment set to improve as the weather clears up, with NFP expected to see an improvement

 

Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.

Video content by Jasper Lawler of CMC Markets

The contents on CleanFinancial.com including any articles or videos are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice or form the basis of an of investment decision.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.

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