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

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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

USD/CHF

usd-chf-4h-23-2-17

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.

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