Promising stirrings

Dominic Picarda

The news from the US was pretty tidy stuff yesterday. The recovery there is ongoing and yet the Fed hasn’t added to fears that it will lower its money-printing efforts sooner or more aggressively than expected. While the DAX and FTSE enjoyed a bit of a boost from yesterday’s newsflow, neither has yet decisively broken the deadlock of recent days. I am still forecasting them to do so before long, but am not jumping the gun here. There are very few glaring day-trades on offer right now, either in the indices or in EURUSD, for example. I am bullish, but still waiting for a clearer entry, therefore.

Click here for the PDF of today's European Outlook.

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