Negative sentiment on the European markets

17.01.2017 / 09:48

Rating:

European markets set to open lower on concerns regarding Theresa May's statement today at 11:45 UK time.

London's FTSE will open at 7310 with 15 points decline, DAX and CAC will also open lower.

The investor's and trader's focus will be on the GBP, which made correction but is likely to be pressured on the opening of the exchange trade at 10 AM GMT+2.

At 9:30 AM UK time we will watch the UK CPI data, as the forecast is for higher reading than previous. This data is not anticipated to cause big impact on the market, as everyone is expecting the Prime Minister's speech.

Profit can be made with long positions on Gold and JPY, as they are considered a safe heaven in this uncertainty.

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Negative sentiment on the European markets

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