European markets will open slightly higher today, but it is likely that we may see an extension of the fall of the previous day to continue. Investors are concerned that the Central Banks around the World might start to tighten their monetary policy, which will indicate an end of the Era with cheap money.
Carney, surprised many investors, as even he communicated that there is possible that BoE might have to increase slightly the interest rate of the country if the economy continues to show that is working at full capacity.
If the indices continue to fall, this will have a negative impact on the riskier currencies as the AUD and NZD. The JPY is trading lower, but it can strengthen if there is a correction of the stock market. We do expect correction today as it is Friday and many traders might close positions.
FTSE will open around 7,345, DAX will open around 12,415, CAC will open around 5,155
Trader - S. Fuchedzhiev
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