Mar 08


  • BY:
  • March, 08th, 2016 19:13 +00:00

Good evening,

US indices are off their intraday lows but they still in negative territory with the DJIA down 34.52 points at 17,039.43 (-0.20%) and the S&P500 at 1,991.23 (-0.53%), with a loss of 10.53 points.

After the recent rally of Crude Oil traders went on profit taking, with the commodity trading at 36.73$/barrel (-3.09%). Gold is gaining 1.6$ at 1,265.6 $/oz (+0.13%).

In the currency market EurUsd is losing 11 pips at 1.1002 (-0.10%) and UsdJpy is down 80 pips at 112.63 (-0.70%).

Tomorrow and on Thursday central bankers of G10 currencies will be quite busy as the Bank of Canada at 15:00 GMT and the Reserve Bank of New Zealand at 20:00 GMT tomorrow will decide the interest rate level, and the financial community expects both central banks will keep rates unchanged. On Thursday will be the turn of the European Central Bank and considering the recent deflationary trend in Germany  it may be possible an expansion of the BCE quantitative easing.

(19:00 GMT).