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Stocks Rebound on Expectations that the ECB Will be Pressured into QE

Equity markets are pressing higher as inflation data updates central bank policy expectations.

With that in mind, Michael Hewson of CMC Markets takes a look at several key markets:

  • The DAX has seen a significant rebound, trading above resistance at 9,260 and we may retest the 9,500 level
  • The euro has broken below recent lows as traders seem to expect the ECB to be pushed into full QE despite questions over the legality
  • Weak UK inflation data seems to have taken a 2014 rate hike off the table, with GBP/USD breaking below the 200DMA towards $1.65

 

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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The DAX and the Euro Decline as Ukraine Tensions and Weak Data Weigh

With continuing geopolitical tensions and disappointing European economic figures, Michael Hewson considers the latest outlook for the euro and the German DAX.

  • The DAX has slumped on tensions in Ukraine, with the 8,900 level remaining extremely key to direction amid poor European data
  • EUR/USD may be susceptible to a short squeeze despite increasing pressure on the ECB to react to falling inflation numbers
  • GBP/USD has slipped as UK wage growth data and comments from Mark Carney have decreased the chances of a rate hike this year, although the Fed may be in the same boat

 

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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US Treasuries Hit Support but May Struggle to Break Lower

In the midst of some mixed US and UK data, Michael Hewson’s trading video takes a look at the key levels for American treasuries, stocks and the sterling/dollar pair.

  • S&P 500 has support from around the 1910 level but may aim higher if it can break above 1950
  • US treasury prices have tried to break down over the last few years but haven’t managed it, so recent moves lower may not hold
  • Sterling is seeing some weakness with industrial and manufacturing data remaining mixed but we may see a rebound in the short-term

 

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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Are Stocks Justified in Ignoring Geopolitical Risk?

Following the latest FOMC decision, Bill Hubbard talks about the strength of the US dollar, whether markets are ignoring geopolitical risk and where he would put his money right now.

  • With some signs of dissent in the Fed, how will the nonfarm payrolls number impact Yellen’s upcoming Jackson Hole speech?
  • Are financial markets justified in turning a blind eye to geopolitical tensions in Ukraine, Gaza and Argentina?
  • European weakness is starting to hit US stocks but the FTSE is being slightly more resilient
  • The dollar is showing signs of strength but is this impacting stock market sentiment?
  • Where would Bill put his money in the current climate?

 

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 Capital Spreads.

The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

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 Capital Spreads which is Authorised and regulated by the Financial Services Authority. FSA register number 3218125.

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German PMI Data is Likely to Determine Whether DAX Remains Bearish

With an upcoming deluge of US and European data, Michael Hewson looks at the current investor sentiment in indices, forex and banking stocks.

  • The DAX 30 is seeing lower highs and lower lows, with the upcoming PMI data likely to be key to short-term direction
  • USD/CAD has managed to bounce off it’s long-term uptrend but needs to break above the 200DMA at C$1.0840 to target C$1.10
  • Barclays has bounced off support following the ‘Dark Pool’ inspired drop but needs to fill that gap
  • Lloyds has solid support around 70p and remains well exposed to the UK recovery

 

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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