Stock markets have strongly reversed from their slump on hopes that the Fed may not end its QE programme and central banks will keep interest rates low for an extended period. In this trading video, Michael Hewson questions whether this is the case and looks at whether we can expect the selling in indices to have come to an end.
  • Whilst indices have bounced, the DAX has failed to break back above the major resistance at 9000, but is there a bullish inverse head and shoulders pattern forming?
  • Is the dollar set to lose some ground? EUR/USD has bounced from the lows and has posted some bullish patterns but we need to break above $1.29 to target $1.30
  • UK growth seems to have plateaued, but if sterling breaks above its descending wedge formation, we may look towards $1.63
  Video content by Michael Hewson of CMC Markets.