MAKE YOUR FIRST DEPOSIT OPEN A DEMO ACCOUNT START TRADING TODAY

Trading leveraged trading products carries a high level of risk. Losses can exceed your intial deposit.

Banner Banner Banner Capital Index 27 February 2017 Banner
Daily Market Insight
Content
Global Economic Update
Currencies
Indices
Commodities
Economic Calendar
Indices

Global Economic Update

Europe

In the UK, the BBA mortgage approvals recorded an unexpected rise to a level of 44.7K in January, compared to a revised reading of 43.6K in the previous month. Markets were anticipating BBA mortgage approvals to drop to 42.6K.

France consumer confidence remained steady at 100.0 in February, at par with market expectations.

In Italy, the seasonally adjusted industrial sales recorded a rise of 2.6% in December on a monthly basis, compared to a climb of 2.4% in the previous month.

The consumer confidence index in Italy dropped unexpectedly to a level of 106.6 in February, lower than market expectations of a rise to 108.8. In the previous month, the index had recorded a revised reading of 108.6.

US

In the US, new home sales registered a rise of 3.7% on a monthly basis in January, to a level of 555.0K, lower than market expectations of 571.0K. New home sales had recorded a revised reading of 535.0K in the previous month.

The final Reuters/Michigan consumer sentiment index in the US eased to a level of 96.3 in February, compared to a level of 98.5 in the prior month. The preliminary figure had indicated a drop to 95.7. Markets were anticipating the index to fall to 96.0.

In Canada, the consumer price index (CPI) rose 0.9% on a monthly basis in January, more than market expectations for a climb of 0.4%. In the previous month, the CPI had recorded a drop of 0.2%.

Asia

In Australia, the seasonally adjusted gross operating profits of companies rose 20.1% on a quarterly basis in 4Q 2016, compared to a revised advance of 1.5% in the previous quarter. Markets were anticipating gross operating profits of companies to climb 8.0%.

Shadow Line

Banner Currencies

Banner

EUR/USD

EURUSD

The Euro weakened against the US Dollar in the New York session on Friday, closing 0.47% lower at 1.0558.

At GMT 0600, the Euro is trading at 1.0566 against the US Dollar, 0.08% higher from the New York close.

The Euro hit a high of 1.0617 and a low of 1.0554 against the US Dollar in the New York session.

On the technical indicator front, the price has crossed the short term Simple Moving Average (SMA) and Exponential Moving Average (EMA) from above.

Shadow Line

GBP/USD

GBPUSD

In the New York session on Friday, the Pound weakened 0.72% against the US Dollar to close at 1.2460.

The pair is trading at 1.2435 at GMT 0600 in the Asian session, with the Pound trading 0.2% lower against US Dollar from the New York close.

The pair witnessed a high of 1.2561 and a low of 1.2444 in the New York session.

Immediate downside, the first support level is seen at 1.2359, followed by 1.2282, while on the upside, the first resistance level situated in 1.2541, followed by 1.2646.

Shadow Line

USD/JPY

USDJPY

The USD traded 0.08% lower against the JPY in the New York session on Friday, with the pair closing the session at 112.12.

The pair is trading at 112.10 at GMT 0600 in the Asian session, with the US Dollar trading marginally lower against Yen from the New York close.

In the New York session, the pair traded at a high of 112.47 and a low of 111.91.

The pair is expected to find its first support at 111.70 and first resistance at 112.69. The second support is expected at 111.30 and second resistance at 113.28.

Shadow Line

EUR/GBP

EURGBP

On Friday, the Euro traded 0.25% higher against the Sterling in the New York session and ended at 0.8471.

In the Asian session, at GMT 0600, the pair is trading at 0.8496, with the Euro trading 0.3% higher against Sterling from the New York close.

The pair witnessed a high of 0.8491 and a low of 0.8443 in the New York session.

The pair is expected to find its first support at 0.8437 and first resistance at 0.8537. The second support is expected at 0.8378 and second resistance at 0.8578.

Shadow Line

AUD/USD

AUDUSD

On Friday, the Aussie Dollar traded 0.18% lower against the US Dollar in the New York session and ended at 0.7670.

In the Asian session, at GMT 0600, the pair is trading at 0.7690, with the Aussie Dollar trading 0.26% higher against US Dollar from the New York close.

The AUD hit a high of 0.7692 and a low of 0.7661 against the USD in the New York session.

In technical indicators, the Percentage Price Oscillator has crossed zero from below and the Stochastic Oscillator has crossed above 50.

Shadow Line

Banner Indices

Banner

Major Indices

Major Indices
Shadow Line

FTSE 100

FTSE 100

The FTSE 100 weakened 0.38% on Friday and closed at 7243.70. During the day, the index traded at a high of 7271.86 and a low of 7192.45.

The FTSE 100 Index is likely to find the first support at 7,200.15 and the first resistance at 7,279.56.

Shadow Line

Dow

DOW

The DJIA strengthened marginally on Friday and closed at 20821.76. During the session, the index traded at a high of 20821.76 and a low of 20740.50.

The DJIA Index is likely to find the first support at 20,767.59 and the first resistance at 20,848.85.

Shadow Line

Nasdaq Composite

NASDAQ

The Nasdaq Composite rose 0.17% on Friday to close at 5845.31. During the day, the index traded at a high of 5845.31 and a low of 5809.04.

On the technical indicator front, the price has crossed the SMA from below and the Stochastic RSI has crossed 0.5 from below.

Shadow Line

Banner Commodities

Banner

Major Commodities

Major Commodities - Yearly Performance

Commodities
Gold/Silver
Crude/Corn
Shadow Line

Gold ($/oz)

Gold

Gold fell in the New York session on Friday, closing 0.03% lower at USD 1258.00 per ounce.

At GMT 0600, the precious metal is trading at USD 1258.60 per ounce, marginally higher from the New York close.

Gold hit a high of USD 1261.20 per ounce and a low of USD 1252.90 per ounce in the New York session.

The precious metal is expected to find its first support at USD 1252.33 per ounce and first resistance at USD 1263.03 per ounce. The second support is expected at USD 1246.07 per ounce and second resistance at USD 1267.47 per ounce.

Shadow Line

WTI Crude ($/barrel)

Crude Oil

On Friday, crude oil traded marginally higher in the New York session and ended at USD 54.02 per barrel.

Crude oil is trading at USD 54.30 per barrel at GMT 0600 in the Asian session, 0.52% higher from the New York close.

The black metal hit a high of USD 54.26 per barrel and a low of USD 53.76 per barrel in the New York session.

In technical indicators, the price has crossed the SMA from below and the price has crossed above its short term EMA.

Shadow Line

Banner Economic Calendar

Banner
Shadow Line