Technical Trading Video Discussing Sterling Ahead of Carney’s First MPC Minutes
With the latest BoE minutes set to provide insight into Carney’s first MPC meeting, this trading video takes a look at the latest technical outlook for a range of popular spread betting markets:
- EUR/USD: If we break below $1.30 then we will target $1.29
- GBP/USD: UK inflation data / BoE minutes will dictate sterling moves – $1.50 remains key support
- Dow Jones: All-time closing highs despite investor nervousness of Fed tapering – stock markets await Bernanke testimony
The analysis also discusses US bonds, the FTSE 100, EUR/GBP, AUD/USD, gold, copper and crude oil.
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Video content by Michael Hewson of CMC Markets
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