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 March 2017 Banner
Daily Market Insight
Content
Global Economic Update
Currencies
Indices
Commodities
Economic Calendar
Indices

Global Economic Update

Europe

In the UK, BBA mortgage approvals registered an unexpected drop to a level of 42.6K in February, lower than market expectations of an advance to a reading of 44.9K. BBA mortgage approvals had recorded a revised reading of 44.1K in the previous month.

In the Eurozone, the preliminary manufacturing PMI advanced unexpectedly to 56.2 in March, compared to a level of 55.4 in the prior month. Market anticipation was for the manufacturing PMI to fall to a level of 55.3.

In Germany, the flash manufacturing PMI registered an unexpected rise to a level of 58.3 in March, compared to market expectations of a fall to 56.5. In the prior month, manufacturing PMI had registered a level of 56.8.

The flash services PMI climbed to 55.6 in March, in Germany, higher than market expectations of a rise to a level of 54.5. In the prior month, services PMI had recorded a level of 54.4.

US

In the US, the preliminary print of durable goods orders advanced 1.7% on a monthly basis in February, higher than market expectations for an advance of 1.4%. Durable goods orders had recorded a revised rise of 2.3% in the previous month.]

The flash Markit manufacturing PMI in the US fell unexpectedly to a level of 53.4 in March, compared to market expectations of a rise to a reading of 54.8. The index had recorded a reading of 54.2 in the previous month.

The US services PMI surprisingly eased to a level of 52.9 in March. It had registered a reading of 53.8 in the preceding month.

In February, the consumer price index (CPI) rose 2.0% on an annual basis in Canada, less than market expectations for an advance of 2.1%. The CPI had climbed 2.1% in the prior month.

Asia

The Bank of Japan’s March meeting summary indicated that easy monetary policy will be in place for some time as consumer price growth is still distant from the central bank's 2.0% inflation target.

Shadow Line

Banner Currencies

Banner

EUR/USD

EURUSD

The Euro weakened against the US Dollar in the New York session on Friday, closing marginally lower at 1.0797.

At GMT 0500, the Euro is trading at 1.0843 against the US Dollar, 0.43% higher from the New York close.

The Euro hit a high of 1.0818 and a low of 1.0788 against the US Dollar in the New York session.

The pair is expected to find its first support at 1.0785 and first resistance at 1.0875. The second support is expected at 1.0727 and second resistance at 1.0907.

Shadow Line

GBP/USD

GBPUSD

In the New York session on Friday, the Pound strengthened marginally against the US Dollar to close at 1.2487.

The pair is trading at 1.2526 at GMT 0500 in the Asian session, with the Pound trading 0.31% higher against US Dollar from the New York close.

The pair witnessed a high of 1.2508 and a low of 1.2466 in the New York session.

On the technical indicator front, the Percentage Price Oscillator (PPO) has crossed zero from below and the Positive Directional Indicator (+DI) has crossed above the Negative Directional Indicator (-DI).

Shadow Line

USD/JPY

USDJPY

The USD traded 0.26% higher against the JPY in the New York session on Friday, with the pair closing the session at 111.29.

The pair is trading at 110.42 at GMT 0500 in the Asian session, with the US Dollar trading 0.78% lower against Yen from the New York close.

In the New York session, the pair traded at a high of 111.31 and a low of 110.60.

In technical indicators, the Positive Directional Indicator (+DI) has crossed Negative Directional Indicator (-DI) from above and the Relative Strength Index (RSI) has crossed below 50.

Shadow Line

EUR/GBP

EURGBP

On Friday, the Euro traded 0.08% lower against the Sterling in the New York session and ended at 0.8644.

In the Asian session, at GMT 0500, the pair is trading at 0.8654, with the Euro trading 0.12% higher against Sterling from the New York close.

The pair witnessed a high of 0.8661 and a low of 0.8638 in the New York session.

The pair is expected to find its first support at 0.8625 and first resistance at 0.8678. The second support is expected at 0.8596 and second resistance at 0.8702.

Shadow Line

AUD/USD

AUDUSD

On Friday, the Aussie Dollar traded 0.17% higher against the US Dollar in the New York session and ended at 0.7624.

In the Asian session, at GMT 0500, the pair is trading at 0.7632, with the Aussie Dollar trading 0.1% higher against US Dollar from the New York close.

The AUD hit a high of 0.7633 and a low of 0.7601 against the USD in the New York session.

The pair is expected to find its first support at 0.7610 and first resistance at 0.7645. The second support is expected at 0.7588 and second resistance at 0.7658.

Shadow Line

Banner Indices

Banner

Major Indices

Major Indices
Shadow Line

FTSE 100

FTSE 100

The FTSE 100 fell 0.05% on Friday and closed at 7336.82. During the day, the index traded at a high of 7351.60 and a low of 7322.86.

On the technical indicator front, the RSI has moved down from the overbought region and the Stochastic RSI has moved down from the overbought region.

Shadow Line

Dow

DOW

The DJIA fell 0.29% on Friday and closed at 20596.72. During the session, the index traded at a high of 20718.33 and a low of 20529.67.

The DJIA is expected to find the first support at 20,511.48, and the next support at 20,426.25. The index is expected to find the first resistance at 20,700.14, and the next resistance at 20,803.57.

Shadow Line

Nasdaq Composite

NASDAQ

The Nasdaq Composite strengthened 0.19% on Friday and closed at 5828.74. During the session, the index traded at a high of 5858.95 and a low of 5807.83.

The Nasdaq Composite is expected to find the first support at 5,804.73, and the next support at 5,780.72. The index is expected to find the first resistance at 5,855.85, and the next resistance at 5,882.96.

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 0.14% lower at USD 1246.40 per ounce.

At GMT 0500, the precious metal is trading at USD 1259.30 per ounce, 1.03% higher from the New York close.

Gold hit a high of USD 1255.00 per ounce and a low of USD 1245.60 per ounce in the New York session.

In technical indicators, the Positive Directional Indicator (+DI) has crossed the Negative Directional Indicator (-DI) from below and the RSI is trading above 50.

Shadow Line

WTI Crude ($/barrel)

Crude Oil

On Friday, crude oil traded 0.35% higher in the New York session and ended at USD 48.14 per barrel.

At GMT 0500, the black metal is trading at USD 47.82 per barrel, 0.66% lower from the New York close.

Crude oil witnessed a high of USD 48.20 per barrel and a low of USD 47.54 per barrel in the New York session.

Crude oil is expected to witness its first support at USD 47.51 per barrel and second support at USD 47.19 per barrel, while the first resistance is expected at USD 48.17 per barrel and second resistance at USD 48.51 per barrel.

Shadow Line

Banner Economic Calendar

Banner
Shadow Line