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
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Video content by Michael Hewson of CMC Markets.
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