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The markets in Europe will open higher – Strong USD and Weak JPY

The indices in Europe most likely will open higher, following the Asian markets. Higher prices continue from last week as the indices again reached their previous highs.

Today Mario Draghi will speak in regards to the monetary policy of the Central Bank and if the policies remain the same then we might see another leg of weaker Euro. The USD remains strong, but the price of Oil continue to go up and this will support the prices of the indices, as the speculations of a deal between the OPEC countries is expected.  The JPY remains weak as it was traded lower during the Asian session.

UKX will open higher around 6,790, DAX will open higher around 10,690, CAC will open higher around 4,518

 


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