SaxoTV

The levels to watch after a turbulent week

349 views
October 17, 2014 cac, china, china economy, china gdp, china growth, china manufacturing, china slowdown, dax, dax index, euro, europe, european central bank, eurozone, fiorex, foreign exchange, forex, forex 2014, forex 2014 outlook, forex and more, forex buying, forex eurusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, forex trading 2014, forextrading, ftse, ftse 100, ftse 100 index, ftse100, fx, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx trading, growth, growth forecast, growth slowdown, growth targets, inventories, invesment, invest, invested capital, investing, investing 2014, investment, investment banks, investment idea, investment ideas, investment investing, investment opportunities, investment opportunity, investment strategy, investments, investor, investors, japan, kathleen brooks, market, market reaction, markets, profit, saxo, saxo bank, saxo bank saxo tv, saxo tv, trade, trade idea, trader, traders, traders tale, trading, trading risks, tradingfloor, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv
It has been a turbulent week on the markets to say the least, but things seem to be looking up; European markets climbed after a week of volatile trading and the S&P 500 was up 0.13% during early trading on Friday.

FX Expert Kathleen Brooks explains that the bounce has been fueled by reassuring words from central bankers. She says the FTSE 100 in particular has had a powerful reversal, and thinks we could get back to the 6400 level, even perhaps 6450.

However, when it comes to the euro, Kathleen thinks the recovery is short term. She reminds us that EURUSD has fallen from 1.40 to 1.25 in the past few months and expects a move towards 1.25 soon.

This week's market turmoil was triggered by fears about global growth prospects and anxiety over the spread of the Ebola virus. What's more, markets took fright over the possible return to recession in the eurozone, a floundering economy in Japan and a slowing China.