As Mario Draghi expresses concern over inflation, some in the markets are expecting sovereign bond buying, however, Michael Hewson points out the reservations of other Governing Council members.
- EUR/USD is rebounding and needs to break above $1.25 to inspire a short-squeeze towards $1.26
- GBP/USD is in a trading range and we may see a 150 point move if we break to either side, but importantly the dollar didn’t benefit from strong US GDP data
- EUR/JPY highlights the battle of the central banks, with the pair surging as the BoJ wins, but technical signs may suggest we are set for a reversal
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.