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Forex market reviews

11 March 2019

Securities

Tomasz Wisniewski

Tomasz Wisniewski

DAX still above the supports but far from the ECB-induced euphoria

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.

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Commodities

Tomasz Wisniewski

Tomasz Wisniewski

Oil: Friday’s drop already forgotten

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…

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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

EURUSD: correction after Thursday’s selloff

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.

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Market sessions

## anthony

Matthew Anthony

EURUSD: bulls keeping the rate at the trend line

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.

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07 March 2019

Market sessions

## anthony

Matthew Anthony

EURUSD: markets awaiting Mario Draghi’s press conference

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.

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