A strong bounce back in US jobs growth has pushed indices to record highs, Michael Hewson asks when the Fed will consider raising rates and whether corporate earnings justify current valuations.
- Sterling is at a six-year high against the dollar, with a potential hanging man reversal pattern that may see GBP/USD move towards $1.69
- With Draghi unlikely to loosen policy further in the short term, the euro remains well supported around $1.35
- USD/CAD is seeing interesting support at $1.0620, with the Canadian employment report a possible indicator of direction
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Video content by Michael Hewson of CMC Markets.
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