Daily market review – February 28th 2017


The trading on the stock exchanges of Wall Street yesterday ended with a slight rising prices.
The Dow Jones ended at the height of the 12th day in a row, the longest sequence since 1987.
The index rose by 0.1%, as did the S&P 500, and the Nasdaq rose by 0.3%.

The Asian stock markets trading takes place this morning is rising towards the end of a positive month as a result of the increase in indices on Wall Street.
Investors await for the speech by the US president, Donald Trump, in the US Congress tonight.
Trump is expected to provide more details about his economic policies and tax reforms that he wants to lead.

In Japan posted disappointing data indicated a decline in industrial output for the first six months.
The decline was caused by a slowdown in vehicle production

Commodities market this morning:
The WTI oil rising by 0.3% to $ 54.2 per barrel, the Brent oil rising by 0.3% to $ 56.1 per barrel.
The increases are recorded in light of estimates in the market that the demand for commodities going to stabilize the energy market.

Trading Opportunity:


On a weekly chart the pair stops around a resistance area, as part of a range after a big downtrend.
An opportunity to join in with the line of thought of continued declines can be from the levels of 0.7700 – 0.7650, the trade will be for a longer time frame.

Daily market review – February 27th 2017


This week, the US president, Donald Trump, will give his first speech at the US Congress, and investors will be alert ahead of the president’s detail regarding economic plans.

Also this week, the chairman of the US Federal Reserve, Janet Yellen, is expected to meet with Chairman of the Mexican equivalent and the International Monetary Fund, and on Friday Yellen expected to give a speech and may provide additional information regarding the feasibility of the Open Market Committee of the Federal Reserve (FOMC) and if will raise interest rates at its next meeting to be held on 14-15 March

Last week summary on Wall Street:
The Dow Jones Industrial Average climbed by 1% on his way to a third straight weekly increases.
The S&P 500 climbed by 0.7%, the fifth consecutive week of gains.
The Nasdaq Composite Index rose by 0.1%, the fifth straight positive week as well.

This morning, the British pound falls by 0.4% against the US dollar to -1.2413 pounds to the dollar at the background of the possibility of a referendum on Scottish independence and separation from the United Kingdom

The WTI oil rising by 0.8% to $ 55.4 per barrel and Brent oil rises by 1% to $ 56.5 per barrel.

Trading Opportunity:


On 4 hours chart, the pair is going inside a decreasing canal.
The nearest resistance levels are between 1.0600 – 1.0585, from there we can try and look for an entry with the down trend.

Daily market review – February 24th 2017 07:00 (GMT+1)


The trading on the exchanges of Wall Street ended yesterday with a mixed trend and the Dow Jones continued his longest sequence run in 30 years, after the US finance minister estimated that the US approval of the tax reform will be completed
by the summer.

The energy stocks rose after the oil climbed to a record high of 19 months.
The oil prices closed at the height of the 97 months following an expected moderate increase in US crude stocks.
The price of the gold prices jumped to a three months high after the weakening of the US dollar has increased the demand for the metal as an alternative investment.

France released an economic data on consumer confidence, and it increased to a peak of more than nine years.
The increase in consumer confidence in France in February recorded a rise for the second consecutive month, despite there is uncertainty in the country surrounding the presidential elections to be held in April (first round) and May (second round).
The European stock exchanges trading which takes place this morning is traded with declines as the earnings season continuing.

Trading Opportunity:


On an hour chart, after a down trend, it seems that the pair is changing direction on his way up, as when a rising channel was created.
The entry levels to join in with the channel are 1.0575 – 1.0600.

Daily market review – February 23rd 2017 07:00 (GMT+1)


The trading on Wall Street ended yesterday with stability at the backdrop of oil prices fall, and the publication of the protocol of the last meeting of the Fed’s interest, while in Europe the trend was positive.

The protocol of the Fed indicates that overall the members of the Conference of the open market value rate would rise soon as there is uncertainty around the economic policy of the White House.
In fact the protocol of the Fed reflect more confusion than certainty, and the fact that Trump confusing the economists Open Market Committee doesn’t make good effect on the markets and the real economy.

Positive data on existing home sales for January in the United States, these were 5.69 million versus expectations to 5.57 million and 5.49 million existing homes sold last month.

Europe reporting season is in full swing, and investors looking to companies that advertise their financial statements.
Barclays, Glencore, Centrica and Telefonica among others are expected to report later in the day.

Trading Opportunity



On 4 hour chart the latest main trend is an up trend.
There is a diagonal line which support the rise, also, last week there was a false break which strengthened the trend.
The next opportunity to join in with the next rising wave will be when the price will be around the levels of 1.0080 – 1.0100.