Daily market review – April 3rd 2017


A slew of macro data released this week will grab the attention of investors, especially the employment report to be published Friday in the US.
However, the meeting between the president of China and the president of the United States may affect the markets in the most dramatic way.

Wall Street indexes closed down on Friday, but ended the quarter on a high.
The Dow Jones Industrial Average rose by 4.6%.
The NASDAQ Composite Index jumped by 9.8%.
The S & P 500 rose 5.5% in the quarter.
The European stock markets closed a third consecutive quarter, with the European Stoxx 600 rising 5.5% in the first quarter of 2017.

On Friday, the US employment report will be published in the United States, which is expected to indicate an additional 178,000 jobs in the US, after economists surprised economists last month by pointing to a more-than-expected increase in jobs, allowing the US Federal Reserve to raise interest rates.
If the March figures are strong, the Fed may continue its interest rate hike program as planned, that is, raise the interest rate at least twice this year.

Trading Opportunity

gbp.usd 4h 3.4.17

On 4 hours chart the main trend is a rising trend.
A triangle pattern is developing, and we are waiting for the pair to go above the level of 1.2570 to join in with the trend.


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