Mar 02


  • BY:
  • March, 02nd, 2016 20:41 +00:00

Good evening,

US indices are off their intraday lows and may close with small gains; DJIA is up 8.69 points at 16,873.77 (+0.05%). Crude Oil dropped after inventory data (+10.37M vs. 3.50M the previous week) but it recovered as buyers are trying to lift the commodity above its 2 month resistance. Crude is trading at 34.71 $/barrel (+0.90%) and Gold is gaining 9$ at 1,239.9 (+0.74%).

In the FX market EurUsd is flat and UsdJpy is losing 56 pips at 113.41 (-0.49%).  GbpUsd is at 1.4076 (+0.90%). Tomorrow will be released several Markit data regarding Eurozone members, the Eurozone and the US as well. Traders are evaluating their strategies after the  rally that decreased the volatility of FX and indices. On Friday US Jobs data may be a catalyst useful to confirm the recent comeback of risk appetite or it will be possible to see another bearish wave.

(20:41 GMT).