Given that the US has seen some mixed economic figures, Michael Hewson considers how this might impact the Fed’s rate hike timing, the dollar, crude oil and US stock markets.
  • The S&P 500 may be seeing a head and shoulders pattern, with sideways trading since December, and may have greater risk to the downside as corporate earnings disappoint
  • With Greek debt swap proposals, it remains unlikely that the ECB will cut off help Greek banks until the situation is resolved – any break of $1.1460 in EUR/USD could see a short squeeze towards $1.17
  • Brent crude oil may have seen a short-term base around $45 amid evidence that energy firms are starting to cut back production, with a key resistance level around $58
  Video content by Michael Hewson of CMC Markets.