Daily market review – March 29th 2017

Paxa7aH

Wall Street stock markets closed yesterday in a positive territory, as the US consumer confidence jumped unexpectedly to a 16-year high, and US home prices surged at the sharpest pace in nearly three years.
On a daily summery:
The Dow Jones Industrial Average climbed by 0.7%, the first increase in nine trading days, after completing the longest negative streak of days since August 2011.
The S&P 500 rose by 0.7% and the NASDAQ index added 0.6% on its way to a third straight day of gains.

Asian stocks rallied this morning after the rises on Wall Street.
Tokyo closed slightly up 1%, Hong Kong rising by 0.2%, Shanghai maintains stability, Singapore is up by 0.8% and Seoul is up by 0.2%.

There are gains in Europe as trading started.
The British currency decline because of the expectation of Britain’s official request to withdraw from the European Union, this afternoon.
The pound depreciates by 0.5% against the US dollar and trades at $ 1.2390 per pound, having already fallen this morning to 0.6% against the dollar
The FTSE is up by 0.4%, the CAC adds 0.3% and DAX is up by 0.4%.

Trading Opportunity
EUR/AUD

eur.aud 1h 29.3.17

The pair is changing the direction of his rising trend, as on an hour chart the pair broke down a diagonal support line.
The tendency is to try and enter with the new move down.

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