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
  Video content by Michael Hewson of CMC Markets.