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

GRAPHS

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:
EUR/USD

eur-usd-1h-24-2-17

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.

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