Given that Draghi’s dovish comments led some to believe that there is potential for further ECB stimulus, Michael Hewson takes a quick look at how this speculation has affected the German and French stock markets.
  • The DAX 30 is trading towards to key Fibonacci retracement levels and needs to break higher for further gains
  • The reshuffle in the French government has boosted the CAC 40 up to resistance around 4410
  • EUR/USD continues to head lower to major support at $1.3220, with EUR/CAD also slipping towards C$1.4285
  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.