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What to expect from the European session today 24.04.2016

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The European markets are expected to open lower, following the move from the Asian session, where markets finished lower. All markets will be traded with heightened caution today and during the week due to the upcoming news for the Rate decisions from USA, New Zealand and Japan this week.  These decisions will be watched closely for clues from the Central Banks, not only for the state of the individual economies but also the state of the Global economy. Investors need to know if the Central Banks will continue to stimulate their economies with the same speed or there will be a change in monetary policy.

The price of Oil continues to go higher and to stabilize around current levels $43 per barrel. The positive correlation between Oil prices and stocks is still very close. The US dollar continues to be weak against all major currencies and to trade within a tight range. Gold prices are stable at $1235 supported by the weaker dollar and also by higher prices of the commodities overall. The JPY is the strongest currency in the forex market.

FTSE to open around 6302, DAX to open around 10380, CAC to open around 4572

Today are expected earnings reports from Phillips and TNT Express.

Jr. Trader - S. Fuchedzhiev

 

 


 Varchev Traders

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