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- Weak trading and missing of direction during the European session
Weak trading and missing of direction during the European session
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Loading...Weak movements until now during the European trading session.
Stock indexes accumulate minor increases due to the inertia of the market and lowering the likelihood the Fed to raise rates in March. Following the publication of the minutes from the last Fed meeting becomes clear that there are no factors that would force the Fed to changing interest rates in March. That has a positive influence on the indices and negative impact on the USD.
DAX 30 rose by 19 points to 12 012 points, reaching again serious levels of resistance 12000 points
CAC 40 rose by 7 points to 4907 points.
Recent data from France showed a slight increase in provisional results of Le Pen, which has a slightly negative impact on the EUR. EUR positions lost slightly against dirt currencies.
The yen remains strong against the USD and EUR, as is noticeable that market risks accumulate, leading to support of JPY last 3 days.
GBP is possible to register a slight increase against dirt currencies after the dilemma still remains in parliament and could see adjustments to the plan for adopting the program of activation of Article 50
Missing a market direction. The movements are short
Probably indices will be traded with slight increases and may see a slight majority of the USD against the currencies crosses.
The data are expected today are:
12: EUR 0 Italy - Consumer confidence - February forecast 109
15:30 CAD Canada - Consumer Price Index m / m - January
15:30 CAD Canada - Main Index of Consumer Prices m / m - January
17:00 USD United States - Michigan index of consumer confidence - Final
17:00 USD United States - Sales of new homes
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