With continuing geopolitical tensions and disappointing European economic figures, Michael Hewson considers the latest outlook for the euro and the German DAX.
- The DAX has slumped on tensions in Ukraine, with the 8,900 level remaining extremely key to direction amid poor European data
- EUR/USD may be susceptible to a short squeeze despite increasing pressure on the ECB to react to falling inflation numbers
- GBP/USD has slipped as UK wage growth data and comments from Mark Carney have decreased the chances of a rate hike this year, although the Fed may be in the same boat
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.
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.