In-depth forex analysis video looking at EUR/USD and European bond yields in the light of the re-election of Italian President Giorgio Napolitano, plus EUR/GBP and GBP/USD after Fitch downgraded the UK’s credit rating. This week, Michael Hewson’s video analysis looks at:
  • EUR/USD – Suggestions of possible rate cut weighing despite re-election of Italian President
  • GBP/USD – Support at the $1.5198 despite Fitch ratings cut
  • EUR/GBP – In an uptrend with support at 200WMA near £0.8510
The technical analysis also covers key stock market indices like the UK 100, US 30, Germany 30 and Italy 40, as well as commodity markets such as gold, copper and Brent crude oil.
  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.