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DAILY ANALYSIS

BitCoin/CNY 6349.755 09:00 24.01
FTSE F-MAR17 7091.500 09:00 24.01
USD/RUB 59.148 09:00 24.01
USD/NOK 8.35090 09:00 24.01
USD/CHF 0.99882 09:00 24.01
OIL-MAR17 (BRENT) 55.585 09:00 24.01
SBERBANK 168.830 09:00 24.01
GAZPROM 149.230 09:00 24.01
NZD/CHF 0.72218 09:00 24.01
CAD/CHF 0.75336 09:00 24.01
NZD/USD 0.72303 09:00 24.01
CAD/JPY 85.407 09:00 24.01
AUD/USD 0.75683 09:00 24.01
AUD/JPY 85.697 09:00 24.01
GBP/USD 1.24934 09:00 24.01
EUR/USD 1.07478 09:00 24.01
TADAWUL 7081.200 09:00 24.01
VTB BANK 0.068665 09:00 24.01
ROSNEFT' 388.950 09:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 09:00 24.01
SILVER 17.145 09:00 24.01
GOLD/EUR 1129.375 09:00 24.01
USD/JPY 113.236 09:00 24.01
EUR/JPY 121.703 09:00 24.01
GOLD VS OIL 21.8394 09:00 24.01
USD/CAD 1.32582 09:00 24.01
S.BANK INDIA 255.775 09:00 24.01
AXIS BANK 448.900 09:00 24.01
TATA STEEL 464.325 09:00 24.01
TATA MOTORS 541.725 09:00 24.01
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By: Daniel Gant
February 27th 2014 14:00pm GMT, London UK
 

EUR/USD
The EUR/USD pair fell down and after almost 2 weeks of sideways movement between its support and resistance went below 1.3680. The pair was pushed down by U.S. Dollar which benefited from U.S. Housing data as well as from optimism before Janet Yellen testimony. She will speak today before senate at 3.00PM (GMT) and is expected that she will repeat her earlier testimony where she backed up the tapering plan. However, yesterday Rosengren (FOMC member) said that Fed may pause taper if the economy weakens more. Today we should also keep an eye on the U.S. Core Durable Goods Orders at 1.30PM (GMT). This data is very important for the pair and might cause significant movement. The sentiment is slightly bullish but might reverse on the fundamental data.

GBP/USD
The GBP/USD pair slightly decreased yesterday but the volatility was low. We saw that the pair moved during yesterday’s hours in a range of 40 pips. The second estimate of U.K. GDP met the expectation so did not cause so much trading opportunities, Today we should closely watch the U.S. market as no economic data are released today in U.K. We should pay attention to U.S. Core Durable Goods Orders as well as to testimony of Janet Yellen – Fed Chairman. The movement is sideways.

USD/JPY
Yesterday the USD/JPY pair broke its resistance at 102.40 and move up to 102.60 where reversed. The pair was spurred by U.S. Dollar which profited after better-than-expected U.S. Housing data. The U.S. Dollar did not reacted much to FOMC member Rosengren’s talk where he said that tapering might stopped if the economy weaken. Today at 11.30PM (GMT) the Japanese CPI will be released and is expected to see slight increase 0.8% from previous 0.7%. This number is important for the Bank of Japan as they are considering increasing monetary stimulus to achieve the target inflation of 2%. At 11.50PM (GMT) the Japanese Retail Sales will be released.

GOLD
The price of Gold slid from 4-months highs ($1,345/ounce) to $1,322/ounce where reversed. The drop started already with European session and continued when the American session started. The price of Gold benefited previously from Chinese disappointing data, pessimistic U.S. outlook and Ukrainian political situation. The sentiment reversed due to stronger U.S. Dollar and weaker physical demand. Today we should watch the U.S. data coming out at 1.30PM (GMT) and Fed Chairman Yellen’s testimony at 3.00PM (GMT).The movement is slightly bearish with support at 1,318 and resistance at 1,346.

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Daniel Gant

Broker at GOptions
My strategies have been maintained and reworked for the last four years. Win loss accuracy and a stable method of volume production has insured my clients inside my personal portfolio success, not to mention the education, guides and management sessions that I teach daily.

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