31 March, 2016
The dollar suffered significant losses. The US currency fell victim to the extremely soft Fed rhetoric. The regulator emphasized the risks: external and internal, and also mentioned the possibility of policy easing if necessary. The regulator’s comments suggest a significant weakening of the dollar, especially in light of the mentioned possible return to the economy stimulation. The ADP for March was published on Wednesday (the previous value was 214K; the forecast was 194K). The data came in at the level of 200K.
It is impossible to ignore the growing "appetite for risk": the new postions on carry trade cuased pressure on the euro as a funding currency. However the pair euro/dollar strengthened by the end of the trades.
The debt market dynamics pointed to the British currency correction. The 10 years UK government bonds yields reduced in relation to their counterparts (the United States and Germany) which reduced the attractiveness of the British assets. The Bank of England performance will be the focus of our attention on Thursday. By the end of the trades the pair pound/dollar decreased.
The yields differential on government bonds of the United States and Japan decreased from November to February inclusively. Retail Sales turnover decreased by 5.4% in Japan. Despite the Japanese and the US retail sales differential indicators at 0% at the end of January, this figure reached the level of 2.2% in favor of the latter in February. The pair dollar/yen closed the trades with a slight growth.
On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...
The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...
Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...
Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...
The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...
The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...
The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...
Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...
The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...
# | Broker | Review | |
---|---|---|---|
1 | ![]() | easyMarkets | 90% |
2 | ![]() | FXTM | 87% |
3 | ![]() | HYCM | 85% |
4 | ![]() | FxPro | 84% |
5 | ![]() | FIBO Group | 82% |
6 | ![]() | FXCM | 70% |
7 | ![]() | XM | 68% |
8 | ![]() | Fort Financial Services | 67% |
9 | ![]() | Alfa-Forex | 66% |
10 | ![]() | HotForex | 66% |