Published On: Thu, Mar 2nd, 2017

Morning Market Review


During the previous trading session the USD grew against the main currencies due to the recent “hawkish” commentaries of the USA FRS members. The USD was also supported by positive USA ISM Manufacturing PMI and the data reflecting the growth of the personal income. The Fed’s Beige Book, published yesterday, showed that the US economy grow appropriately in all 12 Federal Districts.

The EUR/USD pair lowered by 0.26%.

The GBP/USD pair lowered by 0.68%.

The USD/JPY pair grew 0.76%.

During the yesterday trading session the AUD/USD pair could grow only by 0.26% due to the strong Australia 4 quarter GDP data, however during the morning trading session the pair began to lower again.

Gold price grew by 0.11% as a result of the upward correction.

Oil prices lowered after the publication of the official EIA Crude Oil Stocks change, reflecting the growth of the USA resources by 1.501 million barrel per week. As a result the Brent price lowered by 0.35% and the WTI price by 0.51%.

The USA stock market closed with positive result.

Dow Jones grew by 1.46% and renewed the historical maximum.

S&P grew by 1.37%; the Nasdaq grew by 1.35%.

The European stock market also grew during the yesterday trading session.

The UK FTSE grew by 1.64%, reaching the historical maximum at the level of 7396.2.

The French CAC grew by 1.89%.

The German DAX grew by 1.78%.

The Asian Nikkei grew by 0.93%.

Forex Analysis

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