With Eurozone CPI inflation continuing to decline, pressure is building on the ECB for further easing, however, Michael Hewson suggests that the upcoming meeting in Naples may disappoint investors.
  • EUR/USD has broken below several key support levels to target $1.23, but if the ECB holds their ground, we may see a short squeeze
  • Markets will be looking for an upwards revision to last month’s poor NFP number and a positive result could push USD/JPY higher through ¥110.70
  • The S&P 500 has trendline support from the 2010 lows around 1960 level
  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.