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MORNING MARKET ANALYSIS

NIKKEI 225 VS TOSHIBA 93.686 02:30 23.02
MAZDA VS TOSHIBA 7.847 02:30 23.02
NIKKEI VS SUMITOMO MITSUI 4.325 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
March 27th 2014 10:30am GMT, London UK
 

EUR/USD
After declining yesterday, the EUR/USD is ranging this morning in anticipation of US data coming out later today. At 12:30 GMT, there will be a speech by FOMC member Pianalto, along with US GDP and Initial Jobless claims data. Though recent US data has generally been good, this does not mean that the information coming out later will follow suit. However, in the long term, the dollar is under upward pressure from the recent Fed tapering decision and interest rate change projections. Furthermore, the EUR/USD has been at a relative high for a while, so long term downward retracements are possible.

USD/JPY
The USD/JPY fell at the end of yesterday after Obama’s speech criticizing the Russian annexation of the Crimean peninsula. Traders became worried that the conflict would escalate, so the yen gained as many look for a safe haven asset. Earlier this morning, the pair has retraced a lot of these losses. At the moment, the pair is moving down again, though there may be some ranging later until the data from America come out this afternoon. Also note that we have the Household Spending and National Core CPI data coming out for Japan at 23:30 GMT. This is closely followed by the Tokyo CPI and Retail Sales data at 23:50 GMT.

Gold
Gold dropped again yesterday due to better than expected Durable goods orders. The precious metal has been under significant downward pressure since the Federal Reserve’s decision to continue tapering. Surprisingly, potential escalation in the Crimea did nothing to increase Gold’s value, as traders are more optimistic about the prospects of the US economy in both the short and long term. Right now, it seems that investors are waiting for the price to break the 1300 support level before any further movement happens.

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Daniel Gant

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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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