Daily market review – March 30th 2017

Wall Street indexes ended with a mixed trend yesterday.
The NASDAQ climb for a fourth consecutive day on the back of Britain’s official announcement of the start of its European Union exit.
The energy stocks led the gains after oil surged to a three-week high.

The price of oil jumped more than 2% on the back of continued disruption of oil production in Libya, and after the US Department of Energy reported a sharper than expected drop in US fuel inventories.
The WTI oil closed at a price level of $ 49.51 per barrel,

This morning the trading on Asian stock exchanges is in a negative trend
Tokyo fell by 0.8%, Hong Kong is losing 0.3%, Shanghai is weakening by 1.0%, Singapore and Seoul are down by 0.3%, Sydney is trading against the trend and rising by 0.3%.
The Japanese yen weakened by 0.2% against the US dollar to 111.2 yen per dollar.

The trading on European stock exchanges this morning is going up slightly.
The FTSE,CAC and the DAX are up by 0.1%.
The Euro is up by 0.1% against the US dollar to $ 1.07 per Euro.

Trading Opportunity

gbp.usd 1h 30.3.17

The main trend of the pair is a down trend, and we are looking for opportunities to join in with this trend.
On an hour chart after the latest decline, a triangle pattern is developing.
If the pair will go below the level of 1.2410, which is the lower leg of the triangle, it could be a good signal to enter with the trend.


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