Wall Street’s stock markets recorded the sharpest daily fall this month following a decline in the banks and industry shares.
The S&P 500 retreated by 0.6%, the sharpest daily decline since January 30.
The Nasdaq Composite Index fell by 0.7%, the Dow Jones lost 0.5% but closed above the 21,000 level.

Snap shares soared yesterday by 44% on its first trading day on Wall Street.
On Wednesday snapchat app were issued at a value of $ 24 billion.

The inflation in Japan rose in January for the first time by more than a year at the backdrop of the government’s efforts and the country’s central bank to keep the economy from a state of deflation.
The CPI rose by 0.1% compared with January, 2016, after falling 0.2% in December.
The price increases resulted mainly from higher prices of oil and other commodities.

This morning the Asian stock markets trading is conducted with price declines following the trend on Wall Street tonight.
Tokyo drops 0.6%, Hong Kong lost 0.6%, Shanghai is weaker by 0.4% ,Singapore falls by 0.9%, Seoul lost 1.3%.

Trading Opportunity
EUR/GBP

An intraday opportunity.
On an hour chart the main trend is an up-trend.
At the moment there is a resistance line around the level of 0.8590.
If the pair will broke above the areas of 0.8590 – 0.8600, there will be a chance to enter for a CALL trades, with the main trend for short trades time frames.

Euro zone inflation accelerated to the fastest pace since January 2013, providing fresh arguments to those who were calling for an exit from the European Central Bank’s monetary stimulus program.
The consumer prices rose 2 percent in February from a year earlier,

The unemployment rate in the Euro zone remained unchanged at 9.6% – the lowest level since May 2009.

 

Wall Street stock markets recorded yesterday the sharpest daily jump since the election victory of Donald Trump and the Dow Jones Industrial Average closed above the 21,000 points for the first time in its history, in view of expectations that the US economy is strong enough to withstand upload another of interest rate soon.

The Dow Jones Industrial Average jumped yesterday by 1.5% and broke for the first time the level of 21,000 points, only 24 trading days after he crossed the threshold of 20,000 points.

The optimism in the US since the beginning of the year was cooled slightly, because according to the “Beige Book” – the periodic report of the Federal Reserve on the state of the US economy published yesterday, the growth in all 12 districts of the Federal Reserve rate continued to be “modest to moderate” which characterized the American economy during most of the past eight years.

The US dollar continues to strengthen in the world after a senior Federal Reserve said on Tuesday that a new interest rate rise is expected soon.

Trading Opportunity:
USD/CAD

On a daily chart the pair is getting closer to a descending resistance diagonal line.
The resistance level is around 1.3400.
From there try to schedule entry for decline, and as long as the resistance level isn’t broke up.

The Wall Street stock markets closed yesterday with a slight decline, but completed the fourth consecutive month of increases.
On a monthly summary:
The S&P 500 jumped by 3.7% in February following an increase of 1.8% in January.
The Dow Jones index fell yesterday by 0.1%, but the leaped blue-chip stock index rose in February by 4.9%.
The Nasdaq Composite rose by 3.8% in February, the best month since July.

US economic data released yesterday showed that gross domestic product grew in the fourth quarter was at a slower pace than expected, but the consumer confidence jumped this month to a record 15 years.
The Index of manufacturing activity in the Chicago area jumped sharply in February this year.

The Indices in Asia this morning are rising.
Tokyo Stock Exchange rose by 1.4%, Hong Kong rising by 0.2%, Seoul going up by 0.3% and Shanghai by 0.5%.

China’s manufacturing activity index rose sharply than expected in February following a strong demand, and government incentives.
PMI of China’s manufacturing sector last month climbed to 51.6 points compared to 51.3 in January.

Forex – there is a positive trend for the US dollar, against the Japanese yen is gaining 0.6%, the Euro weakened by 0.2% against the dollar.
Commodities – WTI crude oil is rising by 0.2% to a price level of 54.12 dollars per barrel.
The Gold retreated by 0.9% to a price level of 1243.30 dollars per ounce.

Trading Opportunity
GBP/JPY

On a daily chart the pair is on a rising trend.
A triangle pattern is created, and the tendency is to look when the pair breaks the upper leg of the triangle.
A brake above the level of 142.00 could led us into a trade, to a long term expiry time.

The trading on the stock exchanges of Wall Street yesterday ended with a slight rising prices.
The Dow Jones ended at the height of the 12th day in a row, the longest sequence since 1987.
The index rose by 0.1%, as did the S&P 500, and the Nasdaq rose by 0.3%.

The Asian stock markets trading takes place this morning is rising towards the end of a positive month as a result of the increase in indices on Wall Street.
Investors await for the speech by the US president, Donald Trump, in the US Congress tonight.
Trump is expected to provide more details about his economic policies and tax reforms that he wants to lead.

In Japan posted disappointing data indicated a decline in industrial output for the first six months.
The decline was caused by a slowdown in vehicle production

Commodities market this morning:
The WTI oil rising by 0.3% to $ 54.2 per barrel, the Brent oil rising by 0.3% to $ 56.1 per barrel.
The increases are recorded in light of estimates in the market that the demand for commodities going to stabilize the energy market.

Trading Opportunity:
AUD/USD

On a weekly chart the pair stops around a resistance area, as part of a range after a big downtrend.
An opportunity to join in with the line of thought of continued declines can be from the levels of 0.7700 – 0.7650, the trade will be for a longer time frame.

This week, the US president, Donald Trump, will give his first speech at the US Congress, and investors will be alert ahead of the president’s detail regarding economic plans.

Also this week, the chairman of the US Federal Reserve, Janet Yellen, is expected to meet with Chairman of the Mexican equivalent and the International Monetary Fund, and on Friday Yellen expected to give a speech and may provide additional information regarding the feasibility of the Open Market Committee of the Federal Reserve (FOMC) and if will raise interest rates at its next meeting to be held on 14-15 March

Last week summary on Wall Street:
The Dow Jones Industrial Average climbed by 1% on his way to a third straight weekly increases.
The S&P 500 climbed by 0.7%, the fifth consecutive week of gains.
The Nasdaq Composite Index rose by 0.1%, the fifth straight positive week as well.

This morning, the British pound falls by 0.4% against the US dollar to -1.2413 pounds to the dollar at the background of the possibility of a referendum on Scottish independence and separation from the United Kingdom

The WTI oil rising by 0.8% to $ 55.4 per barrel and Brent oil rises by 1% to $ 56.5 per barrel.

Trading Opportunity:
EUR/USD

On 4 hours chart, the pair is going inside a decreasing canal.
The nearest resistance levels are between 1.0600 – 1.0585, from there we can try and look for an entry with the down trend.

The trading on the exchanges of Wall Street ended yesterday with a mixed trend and the Dow Jones continued his longest sequence run in 30 years, after the US finance minister estimated that the US approval of the tax reform will be completed
by the summer.

The energy stocks rose after the oil climbed to a record high of 19 months.
The oil prices closed at the height of the 97 months following an expected moderate increase in US crude stocks.
The price of the gold prices jumped to a three months high after the weakening of the US dollar has increased the demand for the metal as an alternative investment.

France released an economic data on consumer confidence, and it increased to a peak of more than nine years.
The increase in consumer confidence in France in February recorded a rise for the second consecutive month, despite there is uncertainty in the country surrounding the presidential elections to be held in April (first round) and May (second round).
The European stock exchanges trading which takes place this morning is traded with declines as the earnings season continuing.

Trading Opportunity:
EUR/USD

On an hour chart, after a down trend, it seems that the pair is changing direction on his way up, as when a rising channel was created.
The entry levels to join in with the channel are 1.0575 – 1.0600.

The trading on Wall Street ended yesterday with stability at the backdrop of oil prices fall, and the publication of the protocol of the last meeting of the Fed’s interest, while in Europe the trend was positive.

The protocol of the Fed indicates that overall the members of the Conference of the open market value rate would rise soon as there is uncertainty around the economic policy of the White House.
In fact the protocol of the Fed reflect more confusion than certainty, and the fact that Trump confusing the economists Open Market Committee doesn’t make good effect on the markets and the real economy.

Positive data on existing home sales for January in the United States, these were 5.69 million versus expectations to 5.57 million and 5.49 million existing homes sold last month.

Europe reporting season is in full swing, and investors looking to companies that advertise their financial statements.
Barclays, Glencore, Centrica and Telefonica among others are expected to report later in the day.

Trading Opportunity

USD/CHF

On 4 hour chart the latest main trend is an up trend.
There is a diagonal line which support the rise, also, last week there was a false break which strengthened the trend.
The next opportunity to join in with the next rising wave will be when the price will be around the levels of 1.0080 – 1.0100.

The trading on the stock exchanges of Wall Street yesterday ended with rising prices.
The three major indexes posted new records, as when the Dow Jones rose by 0.6%, capping an eighth consecutive day of gains.
The S&P 500 rose by a similar amount and the Nasdaq added 0.5% to its value.

The recently released economic data, especially the inflation and the manufacturing data, are supporting the positive sentiment in the markets and contributed to the strengthening of the US dollar.

The reporting season is in the final stretch yesterday the retail giant Wal-Mart reported on a net profit of 1.3 dollars per share for its fourth fiscal quarter, one cent above market forecasts.
Revenues totaled about $ 130 billion, compared with analysts’ forecasts which stood at $ 131 billion.

Commodity market,
The price of WTI crude oil rose yesterday by 1.1% to a price level of 54.33 dollars per barrel.
The price of the gold closed with a slight drop of 0.1% (20 cents) and was set on a price level of 1.238.90 dollars per ounce.

Trading Opportunity:

GBP/USD

On an hour chart there is a triangle pattern.
Our main tendency is to look for a brake down of the triangle because it will be a continuity of the previews move of th pair.
If so, the break level will be below 1.2400.
If the pair will break-up the triangle, the entry point will be above 1.2500.

Growth figures released today in Germany indicated that the country’s economy fell in the fourth quarter by 0.4%, compared to the third quarter, compared with forecast growth of 0.5%.