TODAY’S IMPORTANT INDICATORS
Today the main news will be coming from Canada mainly inflation and retails sales data. Consumer price index is likely to decrease from last month, while retail sales also are likely to drop to 0.4%.
MARKET MOVERS
EURUSD – Euro trades in a tight range against the greenback. Euro has been trading in a quite tight range against the US Dollar forming in what is called a rangebound trading. At some point, the pair might experience a breakout of this range in a direction that will be closely related to a shift in EU policy.
EURUSD 30-Min Chart
GBPUSD – Pound dropped against the USD by around 150 pips. The cable fell around 150 pips on Carney’s comments where he casts doubt on May interest rate hike. Pound dropped against most of the other currencies. The Brexit uncertainty is still casting doubt on everything including interest rates.
GBPUSD 30-Min Chart
USDJPY – USDJPY bumping higher, Yen walking back in early Asia. The Yen is falling back across the board as traders scoop up Greenbacks today. Markets reversed their flows on Thursday and began selling off riskier assets in favor of the USD, and now the Yen is also stooping lower against the US Dollar.
USDJPY 30-Min Chart
USOIL – Oil prices traded lower on Thursday as a rising dollar and climbing interest rates knocked off the commodity from its highest levels in more than three years.
OIL 30-Min Chart
XAUUSD – Gold fell at the end of NY session touching 1340 and continued in a steady trading.
XAUUSD 30-Min Chart
US Indexes – Dow fell 0.34%, S&P fell 0.57%.
European Indexes – FTSE100 higher 0.16%, DAX fell 0.19%.
Asian Indexes – Asia Dow fell 0.91%, Nikkei fell 0.13%.
Stavros Tousios is an experienced forex market specialist who provides insightful market analysis to traders of popular currency pairs, stocks, commodities and indices. With a focus on technical analysis, he closely analyses present and historical market data in order to provide our clients with any relevant information which may help in making their strategic trading decisions. https://twitter.com/StavrosTousios
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