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Daily Briefing

Published 03/25/2013, 06:14 AM
Updated 02/02/2022, 05:40 AM
EUR/USD
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GBP/USD
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USD/JPY
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UK100
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JP225
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DELL
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GC
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NWSA
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Top Stories

Currencies

• EURUSD completed its ascending triangle pattern which we mentioned on Friday. The price action is retracing back down from its resistance level on a 30 minute time frame.

• USDJPY- it is moving in a side way pattern on a 30 minute frame. The RSI is somewhat positive.

• GBPUSD- broke out of its descending triangle towards the upside. Price action approaching near its resistance level on a 30 minute time frame

• Dollar edges higher in Asian trading ahead of Bernanke Speech

Market Sentiment

• Cyprus has finally reached a deal with European Central Bank. The ECB said they will release aid however the banking sector will incur a deep restructuring

• Asian markets traded higher on positive news from Europe and the Nikkei was leading the gain which closed 1.9% higher on Monday.

• European stocks set to open higher- to continue a relief rally. FTSE 100 futures are trading higher by almost 0.6%

• Gold- is moving in a sideway pattern and it has broken out of its resistance level towards the downside. However, it is still trading above 1600

• Dell Computers have received two more offers from Blackstone

News Agenda For Today

17:15 GMT EUR Fed Chairman Bernanke Speaks

DISCLOSURE & DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.

by Naeem Aslam


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