Marker Review: Indecision, Indecision
Matt Simpson | Apr 01, 2014 02:13AM ET
USD: Lady Yellen remained dovish to assure the markets that interest rates wil remain low
GBP: M4 Money Supply m/m came in above expectations at 0.7% vs 0.5% forecast, and at the 6-month high mortage approvals. Howeverwere down following last month's 5-year high but still strong at 70k.
EUR: CPI Flah Estimate disappointed coming in at 0.5% vs 0.6% expected, it's lowest since -0.1% in October 2009
CAD: GDP m/m beat expectations at 0.5% vs 0.4% forecast to see a 6-month high
h3 Forex:/h3AUD/USD continues to look strong, held above 19/03 trendline to finish up 0.17% but below last week's high
EUR/USD intraday broke above 1.380 resistace but closed with a volatile doji and back below weekly pivot
GBP/USD closed highewr for a 6th session, respected 1.66 support but also closed with a small-bodies doji
USD/CAD tested 1.10 support for a 2nd sesseion but potential bullish hammer has formed
USD/CHF wide ranging spining top and a down day to suggest topping price action
USD/JPY held above 102.80 support and achieved oue 103.20 target but closed beneath weekly R1 pivot
NZD/USD remains bullish above 30/01 trendline but trades sideways in a correction
Nasdaq 100: Shooting star beneath monthly pivot and 50 day eMA
S&P 500: up 0.7% however trades within potential pennant
Gold: Bearish engulfing candle to close at 7-week lows
Silver: Shooting Star tested $20 to suggest pivotal high
Copper: A bearish close but looks strng above $3.00 with weekly pivot acting as support
ETFS WTI Crude Oil (PCRD.LSE): and Brent show similar wide-ranging doji's as they await the next catalyst
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