March did not start well for global indices. In this piece, we will focus on the DAX, because after the ECB decision on Thursday, this is theoretically the most interesting index at the moment. Easing measures usually bring us a relief rally on stocks. That was not the case with DAX, however. I think that the problem here lies a bit deeper and another round of printing money will not save the global economy.
On Friday, WTI oil took a hit, with the price shedding nearly 2 USD a barrel. By the end of the day, the asset had managed to recover nearly all of its losses, but what could be the reason behind such volatility and momentum? A quick look at the calendar shows no major data for the oil market. OPEC? Nope. Ahhhh NFP, yes! That report has the potential to shake markets to their foundations, especially when the reading comes out way below estimates. But wait a minute, after the NFP report, USD went into decline, which should help crude to climb higher in theory, so this doesn’t explain the drop that happened beforehand…
The last two trading days of last week were wild! This is especially true for the EURUSD pair, which was first rocked by the ECB and then, for dessert, by the ultra-low NFP reading on Friday. The first event was much more important and left a big scar on the chart; one that was definitely anticipated by technical analysts.
On Friday the 8th of March, trading on the euro closed up. The euro rose against the dollar throughout all the day’s trading sessions. After the release of mixed US jobs data, this rise gathered pace to reach 1.1246.
On Wednesday the 6th of March, trading on the euro closed 1 pip down. The day’s candlestick had a range of 39 pips. The drop to 1.1285 was brought about by rumours that the ECB is set to downgrade the Eurozone’s economic growth and inflation forecasts at today’s meeting and to start issuing new loans.
We're sorry, an error has occurred. Please try again later.
Notification of this error has been sent to our technical support team.
To be redirected to the European Alpari website, operated by Alpari Europe Ltd.,
a company registered in Malta and regulated by MFSA, click Continue. To remain on this page, click Cancel.
Попробуйте опубликовать пост еще раз либо свяжитесь со службой поддержки социальной сети «ВКонтакте».
У вас есть 24 часа, чтобы получить 50 бонусных баллов за свой репост! Эти баллы вы сможете использовать для улучшения торговых и инвестиционных условий в Альпари, а также уменьшения комиссий за денежные переводы.
Просто авторизуйтесь в своем Личном кабинете или зарегистрируйтесь,
если у вас его еще нет.
Обратите внимание, что для получения баллов нужно разрешить доступ к своей странице ВКонтакте сайту alpari.com/ru/.
Для этого на странице «Мои настройки» во вкладке «Приватность» в разделе «Прочее» вашего аккаунта ВКонтакте в пункте «Кому в интернете видна моя страница» выберите «Всем».
Field filled incorrectly.
This field is required.
This field is required.
Incorrect login or password.