CMC Markets

European blue chip stocks are facing a difficult session, with Germany's DAX index expected to open lower despite a string of strong corporate earnings. Market commentary from CMC Markets notes that solid results have failed to lift investor sentiment, suggesting broader concerns are weighing on traders as they digest the latest round of blue chip company reports.

The euro-dollar exchange rate is expected to take its direction from upcoming central bank decisions, with traders watching the Federal Reserve and the European Central Bank for signals on interest rate paths. Analysts at CMC Markets note that policy divergence, or the lack of it, between the two institutions will be the key driver of the currency pair's next move.