Daily market review – March 17th 2017


The trading on Wall Street stock exchanges closed yesterday with declines after the oil retreated again for the eighth day in nine days.
The S&P 500 retreated by 0.2%, the Dow Jones index fell by 0.1% and the Nasdaq Composite Index closed almost unchanged.
There is a mixed trend in the Asian stock markets.
Investors are waiting for two major events occupying the attention later in the day. Germany will meet the finance ministers and central bank governors of the world’s 20 largest economies (G20) at the background of rising tension between the countries trade relations.
For example, it will be interesting to see if there is a dialogue between the representatives of Mexico and China and the US representatives at the conference.
Another interesting meeting is to be held today between German Chancellor Angela Merkel, the President of the United States, Donald Trump, at the White House.

Trading Opportunity

cad.chf 4h 17.3.17

The pair is on a decline trend.
On 4 hours chart it has reached to a support area, around the level of 0.7450.
If the pair will go down below this level, it will be an opportunity to join in with the trend.


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