In-depth video technical analysis looking at stock market reaction to the Cypriot bailout plans and the proposed bank deposit tax, plus the forex markets ahead of the UK budget and the Bank of England minutes.
This week, Michael Hewson discusses:
- UK 100 and Euro 50 – both bouncing off tendline support with central bank assistance
- EUR/USD – potential to rebound off 200dma despite initial fall on Cypriot news
- GBP/USD – recent data may see Mervyn King reverse his call for more QE
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Video content by Michael Hewson of CMC Markets.
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