Published On: Tue, Mar 14th, 2017

Morning Market Review

InstaForex

The lack of important releases in macroeconomic calendar on Monday led to American dollar trading in both directions against majors.

After growth caused by the release of the data on US labor market, EUR/USD was corrected on Monday and at the end of day lost 0.30%.

GBP was among few currencies that was able to strengthen against US dollar on Monday (+0.41%). However, all the growth was leveled out by today’s morning. By the closure of Asian trade session, GBP/USD dropped by more than 50 points to the level of 1.2152. GBP was under pressure of political factor. House of Peers approved a draft bill on Great Britain leaving the EU. Theresa May may start the Brexit procedure at the end of March.

Lack of important releases in macroeconomic calendar led to USD/JPY rate changing insignificantly (+0.06%).

AUD/USD grew by 0.31%.

Gold prices were corrected on Monday after they grew on Friday. At the end of the day, gold decreased by 0.16%.

Low volatility on Monday helped crude oil quotes grow a bit. Brent grew by 0.74%, WTI — by 0.57%.

American stock market changed insignificantly. Dow Jones index decreased by 0.1%, Nasdaq gained 0.27%, and S&P went down by 0.14%.

European stock market had a positive tendency yesterday: British FTSE grew by 0.40%, French CAC gained ground by 0.50%, German DAX grew by 0.42%.

Australian S&P/ASX 200 grew by 0.03%.

Forex Analysis

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