The markets in Europe still can not determine the direction, as far observe minor past in stock indices and major currency pairs.
Stock indexes in Germany and France registered a slight decrease of 20 points.
Caution on the stock market after yesterday's rally. It is possible to see profit taking and slight declines.
Breaks of serious levels of resistances at DAX and CAC may be short term. In the coming hours we will likely see a test of DAX 12000 and CAC40 4935
The dollar keeps its upward movement after rising likelihood of interest-rate rise in March.
We remain long on the dollar: short on NZD / USD, AUD / USD and long on USD / JPY
GBP continues to loose ground against the USD, although the movement is weak. Break below 1.23 increases the likelihood of a new bearish momentum, but after a slight correction. The weaker GBP may lead to new descending impulse in GBP / JPY.
GBP / JPY remains volatile in the short-term movements. The pair reached the diagonal resistance levels, where we can see a possible pressure and a slight decrease.
News from Germany were good, but their impact will be weak, do not expect a stronger EUR.
Positive sentiment on the stock markets are retained, although possible consolidation or a slight correction today during the US session.
Today is the IPO of SNAP, as recorded yesterday finished at a price $ 17 per share. Today, shares of Snap can be traded on the NYSE.
USD is likely to remain strong until the start of the US session 16:30 then we may see a slight correction.
News from Canada's GDP at 15:30 will determine the direction in CAD
There are no important economic data during the US session, so volatility will remain weak and possible profit taking. We do not expect negative sentiment, but merely a technical correction.
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