Mar 29


  • BY:
  • March, 29th, 2016 19:46 +00:00

Good evening,

US indices reacted well just after FED Chairwoman Jellen stated that global economy presents heightened risks, thus rate rise will proceed cautiously.  Nasdaq Composite is gaining 81.92 points at 4,845.51 (+1.65%) and the S&P500 is at 2,054.99 (+0.88%), up 17.94 points. Gold is rallying as well,  thanks to expectations of dovish monetary policies and is gaining  20.4$. The shiny metal is trading at 1,240.5 (+1.67%). Crude Oil is trading 38.38 $/barrel (-2.56%) and a retracement of the recent bullish wave is quite likely as the commodity gained nearly 50% from the beginning of February.

In the FX market  the US dollar is the loser of the day: down 1.96% against the Kiwi dollar and 1.29% against the Aussie dollar. EurUsd is up 108 pips at 1.1302 and UsdJpy is down 75 pips at 112.68 (-0.66%). Cable is making  higher lows in the short term and is gaining today 133 pips at 1.4387 (+0.94%).

The Asian session will kick off with Japanese Industrial Production at 23:50 GMT . On a montly basis the expectations are for a decrease of 6% compared a growth in the month of January of 3.7%.


(20:40 GMT)