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NIKKEI 225 VS TOSHIBA 93.686 02:30 23.02
MAZDA VS TOSHIBA 7.847 02:30 23.02
NZD/USD 0.71846 02:30 23.02
NZD/JPY 81.379 02:30 23.02
AUD/USD 0.76764 02:30 23.02
AUD/JPY 86.949 02:30 23.02
TENCENT HOLDINGS 214.700 02:30 23.02
SSE180 VS CSI300 2.1859 02:30 23.02
AUD/CAD 1.01035 02:30 23.02
TAIEX 9797.6 02:30 23.02
SSE180 7598.730 02:30 23.02
CSI 300 3476.262 02:30 23.02
SHANGHAI COMPOSITE 3250.382 02:30 23.02
EUR/JPY 119.533 02:30 23.02
EUR/USD 1.05530 02:30 23.02
HANG SENG F-JAN17 24073.000 02:30 23.02
TOPIX 100 992.810 02:30 23.02
NIKKEI 225 19313.290 02:30 23.02
HANG SENG 24089.300 02:30 23.02
ASX F-MAR17 5758.500 02:30 23.02
USD/JPY 113.269 02:30 23.02
USD/SGD 1.41603 02:30 23.02
ASX 5791.100 02:30 23.02
STRAITS TIMES 3118.700 02:30 23.02
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By: Daniel Gant
April 3rd, 2014 7:25am GMT, London UK

The EUR/USD is ranging at the moment after falling a little earlier in the morning. Today, the pair may move substantially due to the ECB interest rate decision and press conference happening at 11:45 GMT and 12:30 GMT respectively. There is also the Euro zone Services PMI and retail Sales data earlier in the morning at 8:00 GMT AND 9:00 GMT respectively. Thus, there are a lot of factors that will influence the pair’s movement today and it will be hard to tell what will happen until we have more information.

The USD/JPY has been climbing for the last few days as the yen has lost its appeal as a safe haven asset. Investors are convinced that the Chinese government will provide stimulus to counteract lackluster growth, and so fleeing to the yen will no longer be necessary. Furthermore, an increase in the Japanese sales tax has also been pushing the pair up as the yen loses purchasing power. Today, the pair retraced a small amount of these gains, but the pressure still seems upward due to the aforementioned circumstances. However, be sure to pay attention to the Trade balance and Initial jobless claims data coming out at 12;30 GMT and the ISM Non-manufacturing PMI coming out at 14:00 GMT.

Gold climbed a little yesterday due to increased physical demand. Traders felt that the relatively low in the price at this point would make buying the precious metal good investment. Today, the pair is ranging in anticipation of US data coming out later today. Ultimately, gold will be responding mostly to changes in US monetary policy. Thus, any information from America that the Fed may use as justification for an interest rate change or a continuation of tapering will be sure to have significant effect on the yellow metal’s value as a safe haven asset. Be sure also to pay attention to tomorrow’s Nonfarm Payrolls report.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
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