Weekly Market Update 01/03/2015-06/03/205

      Good morning, The US Dollar gained ground against both the Euro and the Swiss Franc. EurUsd at 1.1195 (-1.65% weekly) is very close to its multiyear low of 1.1. If risk reversal trades will be placed the parity might soon be reached. 1000 pips are less than 10% change in the value of the pair, and panic selling has not yet occurred.  UsdChf performance is quite interesting with the rate at 0.9531 ( +1.68% weekly) it has recovered 1200 pips since the SNB announced the end of the floor against the Euro. Now Us more ...

    Posted 2 hours ago (0) comments

    USDJPY March 01, 2015

    High: 119.79 | Low: 119.10 119.64 / 119.62

    UsdJpy could not rise above the medium term supply line that links lower highs and might test the static resistance at 115.4. A breakout above the multiyear high 121.84 can lift the rate to 125. more ...

    Posted 19 hours ago (0) comments

    GOLD: XAUUSD March 01, 2015

    High: 1219.2 | Low: 1204.1 1212.9 / 1212.5

    GBPJPY March 01, 2015

    High: 185 | Low: 183.53 184.67 / 184.65

    USOIL March 01, 2015

    High: 49.94 | Low: 48.46 49.2 / 49.26

    EURUSD March 01, 2015

    High: 1.1244 | Low: 1.1175 1.1195 / 1.1193

    Economic News March 02, 2015

    Good morning, In Australia we see that the AiG Performance of Manufacturing Index come out at 45.4 from 49.0 previously. Housing Industry Association New Home Sales were up by 1.8% month on month for January. AUDUSD trading at 0.7770 North Korea has fired two short range missiles South Korean officials have said. Joint US and South Korean military exercises are scheduled to begin, which North Korea denounced. The NIKKEI closed at 18826.88 up 28.94 points or 0.15% on Friday’s close. In Europe today a number of countries will publish Markit Manufacturing fugures. Spain, Italy, France, Germany, Greece and the UK, along with the Euro Zone figures will be published. Euro Zone Consumer Price Index and Unemployment figures also out this session, with EURUSD trading at 1.1174 following last week’s 180 pip decline against the USD on Friday. The FT Read More ...

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