European Markets are to open higher again, after the higher close of the Asian markets. The markets are trading with Risk On sentiment and expecting that ECB will keep rates unchanged but to increase the QE period of the stimulus for additional 6 months. If this happens then the indices will be supported and it will push the Euro further down.
The price of Oil was trading lower during the Asian session and it is traded lower at $49.72 for a barrel. The USD was weak during the session but fundamentally is supported by the fact that higher interest rates are expected from FED this month. The Economic calendar also includes Initial Jobless Claims today from the US and if the data is better than expected, it will support the USD
FTSE is expected to open around 6,918, DAX to open around 11,036, CAC to open around 4,716
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