Feb 25


  • BY: Donal Kelly
  • February, 25th, 2016 18:25 +00:00

Good evening,

UK GDP data matched the consensus (+1.9% YoY) and the British Pound stopped its slide but it did not rally. GbpUsd is trading at 1.3951 (+0.19%) and EurGbp is flat at 0.7914.  Crude Oil loses grounds again after yesterday session suggested a bullish signal. The commodity is trading at 31.58 $/barrel (-1.77%).  Gold may start a trading range in the area 1,200 -1260 $/oz and now the shiny metal is trading at 1,42.10 $/oz.

Eurozone CPI at 0.3% gave a clear message to the financial community: Mario Draghi will continue with his "whatever it takes" motto and equities rallied in the old continent with the DAX up 163.8 points at 9,331.48 (+1.79%). US indices fluctuate and Durable Orders data at 4.9% was above the expectations.

Tomorrow and Saturday will be held the G20 in Shanghai. Key topic will include global economic outlook, Crude Oil price and FX devaluations.