Forex market – March 27th 2017 12:00 (GMT+1)


The Euro is up against the dollar by 0.6% and trades around $ 1.0866 per Euro.
Against the Pound sterling, the US dollar falls by 0.9% and trades around $ 1.2586 per pound.

German business sentiment index – March 27th 2017 11:30 (GMT+1)


In Europe, a positive macro data continue to show signs of recovery in the continent. According to data published today, the German business sentiment index reached a record high of 68 months.
The IFO Research Institute published a business sentiment survey today, which showed that the index reached 112.3 points, a figure that was last recorded in July 2011.
The figure also reflects a sharp increase compared to February, when the index reached 111.1 points.

Daily market review – March 27th 2017


The trading on Wall Street stock exchanges will open today after last week the index posted the worst week since the Nov. 8, following the cancellation of Trump’s new health law at the US House of Representatives, which surprised investors with fears that Trump would have trouble to pass ambitious reforms in his Congress.

On a weekly summery, the Dow Jones Industrial Average fell by 1.5%, the S&P 500 shed 1.4% and the NASDAQ lost 1.2%.
Since the election in the US, the S&P 500 index gained 12%, mainly due to speculation that the Trump government would lowering taxes and would give incentives that will accelerate economic growth and corporate profits.
Now, the focus among Republicans is moving to a tax reform that, according to Trump’s election promises, includes a reduction in corporate tax to 15 percent.

The attention of investors will be directed this week to Britain, where Prime Minister Theresa May is expected to announce on Wednesday the implementation of Article 50 of the Lisbon Treaty, which will open a two-year process which at the end the country will separate from the European Union.
On the macroeconomic front, the US consumer confidence and economic confidence in the Euro zone will be published,
Also to be published on Wednesday, the third and final assessment of US growth in the fourth quarter.

Trading Opportunity

eur.usd 4h 27.2.17

The main trend of the pair on 4 hours chart is a clear rising trend.
At the moment the pair stands at a price level of 1.0863, there may be a correction as part of the trend, but the tendency is that the pair would reached the target of 1.0970.

Daily market review – March 24th 2017


The Asian markets are trading on a mixed note on the last day of the global trading week, after the negative closing on Wall Street yesterday after it became known that US President Donald Trump’s bill to reform the Obama-Kerr was rejected.
Hong Kong stocks fall, Japan and China are rising.
Japan’s Nikkei is trading more than 0.9% today, at the background of the weakening of the Japanese yen against the US dollar.
Japanese exporters whose revenues in dollars lead the gains on the Japan Stock Exchange.
Later in the day, macro data from the US and Europe will be published.
This morning, Wall Street futures are signaling a positive opening for the day.

Trading Opportunity

gbp.jpy 1h 24.3.17

On an hour chart, after a small rise, a triangle pattern is developing.
If the pair will go above the upper resistance of the triangle, around the level of 139.30, there would be an opportunity to join in with the rising trend for a short and up to a medium time frame.

A critical moment in the markets – March 23rd 2017 12:00 (GMT+1)

Yesterday Wall Street indexes plunged sharply of five months.
The reason was the growing concerns about Trump’s ability to pass his healthcare reform that eliminates the Obama-Kerr.
Today the vote is expected to take place in the House of Representatives, and the tension is of course very large, especially since the capital market understands that today’s failure is likely to indicate Trump’s ability to pass the rest of the reforms he spoke about.

Trump should receive the House of Representatives approval for his health reform to replace Obama’s reform in 2010 in order to continue with the Senate approval reform.

Daily market review – March 23rd 2017


The trading on European stock exchanges is of a mixed trend, following a trend in Asian stock markets earlier today and on Wall Street yesterday.
Wall Street futures are signaling a positive opening after the mixed closing last night.
The London Stock Exchange is trading steady today after a terror attack in the British capital near the parliament building that killed four people and wounded 40 people.
The English pound dropped to a one-week low against the US dollar after the attack and today is recovering slightly.

Trading Opportunity

nzd.usd 1h 23.3.17

On an hour chart the trend of the pair is a rising trend.
A triangle pattern is developing.
If the pair will brake above the level of 0.7060, it will be an opportunity to join in with the trend.

Daily market review – March 22nd 2017

The financial stocks dragged Wall Street stock markets to their worst day in five months on concerns about difficulties in approving the US economic stimulus plans by US President Donald Trump.

The S&P 500 plunged by 1.2%, the sharpest daily drop in five months.
The Dow Jones Industrial Average fell by 1.1%, the sharpest daily decline since September 13.
The NASDAQ index closed down by 1.8%, the sharpest daily drop since September 9.

The trading on Asian stock exchanges is led by sharp price declines at the background of yesterday’s falls on Wall Street.

Forex market, the US dollar weakened by 0.2% against the Japanese yen and traded around 111.51 yen per dollar.
After a few weeks of relative stability in the yen, the Japanese currency strengthened within a week by more than 2%, which may concern exporters in the country who welcome the weak currency.
The strengthening of the yen also leads to a drop in shares of large exporters from Japan.

Trading Opportunity

eur.cad 1h 22.3.17

On an hour chart, there is a bearish divergence at the histogram of the ,MACD indicator.
The pair cross down below the 13 Moving Average, and it a sign of a possibility of a coming decline.