Published On: Tue, Mar 7th, 2017

Morning Market Review

InstaForex

Yesterday’s trading session resulted in USD pair correction against the major opponents. The lack of important releases in macroeconomic calendar was an important factor for correction forming. Major quotes changed insignificantly during the day.

EUR/USD decreased by 0.25%, GBP/USD continued to decrease and lost 0.39% at the end of Monday. AUD/USD decreased by 0.11%, but started to grow again within today’s trade session. This morning, Reserve Bank of Australia left the interest rate unchanged at the level of 1.5%, as expected. The head of RBA stated that regulator still has a positive outlook regarding Australian economy.

Taking into consideration low market activity, USD/JPY changed insignificantly during Monday (-0,017%).

Gold quotes decreased by 0.62% and reached the level of 1222.78 due to correction. Crude oil prices went up insignificantly: Brent by 0.48%, WTI by 0.45%.

Asian Nikkei index decreased by 0.17%.

American and European stock markets finished the session in the red zone. Dow Jones decreased by 0.26%, NQ lost 0.36%, S&P decreased by 0.39% at the end of the day.

British FTSE lost 0.15%, French CAC decreased by 0.06%, and German DAX decreased by 0.94%.

Forex Analysis

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