Daily market review – March 14th 2017

eurusd132

The trading on Wall Street stock exchanges ended yesterday almost unchanged at the leading indicators.
The Dow Jones Industrial Average fell by 0.1%, the S&P 500 rose by less than a tenth of a percent, and the Nasdaq rose by 0.2%.

The British Parliament approved this morning the operation of Article 50 of the Lisbon Treaty allowing the UK to go out of the EU.

The US dollar getting stronger versus the major currencies.
The dollar strengthened against the Japanese yen by 0.2% to 115.1 yen.
The pound weakened by 0.7% to 1.2132 dollars and the Euro falling by 0.1% to 1.0638 dollars.

Most of the Asian markets are rising today, led by Mumbai which adds 1.6%.
Seoul index increased by 0.7%, Tokyo fell by 0.1%, Hong Kong and Shanghai are unchanged.

Trading Opportunity
EUR/GBP

eur.gbp 1h 14.3.17

After an impressive rise of the Euro against the Pound, on an hour chart the indicator of the RSI is signalling that the pair have reached to an over bought level and that we can try and start looking on a coming decline.
The entry to put trades can go ahead after the pair will broke below the diagonal support line, around the level of 0.8700.

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