Technical Trading | Apr 17, 2014 05:52AM ET
Currencies
The British Pound skyrocketed almost 120 pips and climbed up to its four year high at 1.6836 against the US dollar. The sterling made a rally yesterday after the UK unemployment rate fell down to 6.9%, far below the expectations of 7.2%.
Equities
The European stocks rallied as companies reported their financial results and the EU Stocks 50 (ESX) rose from yesterday’s low at 3009 all the way up to 3091.
Commodities
Natural Gas swing between gains and losses and is now trading around 4.550 US dollars per mmBTU. The energy is under pressure as the Energy Information Administration will release its weekly Natural Gas Storage report at 14:30 GMT and forecasts show 35 Billion held in the underground storage during last week.
Mover & Shaker with FX Options
The US dollar (USD) increased sharply from 1.0958 all the way up to 1.1032 against the Canadian dollar. The loonie depreciated after the Bank of Canada (BoC) press conference, which was dovish and signalled slow growth on exports.
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