Fxpearl traders : Morning Market Review
Today the Head of the FRS USA Janet Yellen Speech can bring the dynamics in to the market. If she comments upon the next interest rate rise and reveals that the regulator intends to increase the rate on the next meeting, the USD will be significantly supported.(forex traders)
Due to the low trading activity the EUR/USD pair is traded in the narrow channel and lowered by 0.13% on Thursday.
The GBP/USD pair changed insignificantly (- 0.02% on Thursday). Today the traders are waiting for the UK Retail Sales data (11:30 GMT+2). The index is expected to grow to 0.4% MoM in February and to 2.6% YoY in February. In this case the GBP/USD pair will be supported in the short term.
The USD/JPY pair leaded the lowering and decreased by 0.45%. It tested the minimum from 2016.11.28 on the level of 110.72.
The AUD/USD pair is traded in the narrow range within 0.7637-0.7684 and lowered by 0.14% as a result of the trading session.
The gold price changed insignificantly (+0.36% on Wednesday) and now is trading within 1243.64-1251.21.
The oil prices are being corrected after the lowering to the three month minimum. The Brent is trying to consolidate above the level of 51.00, the WTI targets to the level of 49.00.
Not all the indices of the US Stock Market closed in the green zone.(traders)
Dow Jones lowered by 0.01%.
NQ grew by 0.61%, S&P by 0.12%.
The UK FTSE lowered by 0.23%. The French CAC grew by 0.36%, the German DAX — by 0.32%.
The Australian S&P/ASX 200 grew by 0.41%.