
FTSE 100, EUR/USD Forecast: Two trades to watch 51126
FTSE climbs ahead of the BoE boosted by banks and miners. EUR/USD rises as oil prices fall but gains could be limited.
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FTSE climbs ahead of the BoE boosted by banks and miners. EUR/USD rises as oil prices fall but gains could be limited.

EUR/USD falls post-Fed and ahead of the ECB rate decision.FTSE 100 rises post-Budget, led by defence and energy stocks.

EUR/USD rises after weaker US CPI, PPI up next. FTSE 100 falls as weak China GDP data hits miners.

FTSE eases modestly despite inflation unexpectedly holding steady. USD/JPY drifts lower ahead of the FOMC rate decision.

EUR/USD slips below 1.16 as weak eurozone data weighs on sentiment. FTSE 100 slips as oil prices rebound and caution returns.

FTSE falls as HSBC drags index after earnings miss. Oil remains elevated as US-Iran hostilities rise.

FTSE slips in cautious trade as Iran concerns persist and ahead of PMIs. USD/JPY rises amid risk-off mode and following Japanese inflation data.

Oil eases lower and remains headline-driven. FTSE rises as oil slips & ahead of the BoE on Thursday.

Oil jumps as Middle East conflict fuels supply worries. FTSE falls 1% in risk-off trade.

The FTSE 100 fell relatively sharply today, down nearly 1%, after climbing to repeated all-time highs. Today however the index fell back as investors digest a number of earnings results. But the downside could prove to be short-lived. Supported by a weaker pound and expectations that the Bank of England will cut rates in March, and potentially again in June, investors have been piling into UK stocks lately.

The FTSE 100 edged higher to close in on last week’s record, as the pound weakened following the release of UK wages and Jobs data that puts a March rate cut firmly on the table, barring any surprises in tomorrow’s inflation report. Unless we see a sharp turnaround in data, I would be expecting another rate cut in June, and possibly more in the summer if inflation risks ease. This should keep the longer term FTSE 100 forecast firmly supported and keep a lid on sterling.

With the US out on Monday for Presidents’ Day and China celebrating Spring Festival all week, it makes sense to focus on European markets to start the week off. So the FTSE 100 forecast is in focus for this week’s weekend indices outlook. We have plenty of UK, European and US earnings to look forward to as the week progresses, while key data from the UK and US will make rate cut expectations a key talking point on both sides of the pond.

FTSE hits another record high, boosted by miners. USD/JPY approaches 160.00 on yen weakness.
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