A financial trading video discussing central bank stimulus expectations, the potential for Fed tapering and the reaction of the forex markets.
- EURUSD – Trading at 4-month highs, investors seemingly ignoring ECB’s discussion of negative interest rates
- GBPUSD – Struggled to break above 200DMA at $1.5705
- USDJPY – Strong correlation with Nikkei 225, now broken below Ichimoku cloud but that resistance is at ¥97.10
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Video content by Michael Hewson of CMC Markets.
Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.