With an upcoming deluge of US and European data, Michael Hewson looks at the current investor sentiment in indices, forex and banking stocks.
- The DAX 30 is seeing lower highs and lower lows, with the upcoming PMI data likely to be key to short-term direction
- USD/CAD has managed to bounce off it’s long-term uptrend but needs to break above the 200DMA at C$1.0840 to target C$1.10
- Barclays has bounced off support following the ‘Dark Pool’ inspired drop but needs to fill that gap
- Lloyds has solid support around 70p and remains well exposed to the UK recovery
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Video content by Michael Hewson of CMC Markets.
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