Outlook on FTSE 100, DAX 40 and Nikkei 225 as earnings season is coming to an end and US markets are shut for President’s Day.
Daily Technicals
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
With plenty of UK data this week we take a look at GBP/USD and GBP/JPY as both pairs attempt to leave key levels in the rear view mirror but lack the necessary follow through to make things happen.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
The UK and Japan confirmed their respective eonomies entered into a recession in the second half of 2023. The pound has eased after the announcement but the yen remains propped up by the threat of FX intervention
Stock market have shrugged off the US CPI reading earlier in the week, while in Japan the Nikkei 225 is once again making gains.
Global markets were spooked yesterday by US inflation data, knocking indices back, but the FTSE 100 has been boosted following UK inflation news this morning.