What to expect from the European session today

11.05.2016 / 09:08

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European Markets to open mix, but it is expected a move lower. This is after the Asian indices erased their earlier gains at the end of the Asian session. Nikkei fell 1.3% to close with no change. The negative sentiment came into the markets and this picture could continue during the European session.

The price of Oil could not make a new high as it tried couple of time on its way up, and this can be seen as it might head lower for now. This will negatively impact the markets as well. The fall of the Nikkei will support the stronger JPY currency and that is also negative for the markets. An impulse for higher US dollar has been seen and this can continue in the short term.

FTSE to open around 6149, DAX to open around 10065, CAC to open around 4339

Jr. Trader - S. Fuchedzhiev

Varchev Traders

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What to expect from the European session today

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