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The sterling climbed up to its four year high

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Currencies

  • The euro (EUR) rebounded from is low at 1.3789 up to 1.3850 against the US dollar (USD). The euro erased part of its losses as the Fed chair, Janet Yellen, stated yesterday that Fed has a commitment to support the US economy.
  • The British Pound (GBP) skyrocketed almost 120 pips and climbed up to its four year high at 1.6836 against the US dollar (USD). 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.

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US Dollar gains as the tensions in Ukraine are escalating

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Currencies

  • The euro (EUR) continued its drop against the US dollar (USD) and reached its new low at 1.3807. The single currency fell as Mario Draghi stated during the weekend that the appreciation of the euro may indicate further monetary stimulus.
  • Gold (XAU) collapsed from its three week high at 1331 down to 1289 US dollars an ounce. The precious metal looks driven by the US economic data and also by the situation in Ukraine.

Equities

  • The European stocks fell as Russian troops entered into Ukraine. The EU Stocks 50 (ESX) fell from 3080 down to 3011 and France 40 (CAC) dropped from 4401 down to 4263.

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Monthly CPIs may set a new pace in the markets

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Currencies

  • The euro (EUR) continued its drop against the US dollar (USD) and reached its new low at 1.3807. The single currency fell as Mario Draghi stated during the weekend that the appreciation of the euro may indicate further monetary stimulus.
  • The Australian dollar (AUD) slid from its five month high at 0.9425 down to 0.9385 against the US dollar (USD). The aussie fell after the RBA’s meeting repeated that interest rates are on hold.

Equities

  • The US stocks rebounded erasing all their losses with the US 30 (DOW) rose from its low at 15858 up to 16100 and the US 500 (SPI) advanced from 1802 all the way up to 1827.

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Commodities are rising due to the tensions in Ukraine

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Currencies

  • The euro (EUR) opened 40 pips lower against the US dollar (USD) this weekly trading session and is now trading around the level of 1.3850. The president of the ECB, Mario Draghi, stated in the weekend meetings that the strength of euro indicates further monetary stimulus.
  • The Canadian dollar (CAD) rebounded from its three month low at 1.0856 all the way up to 1.0991 against the US dollar (USD) during the last week. The loonie completed its rally and looking ahead on the calendar the monthly US Retail Sales will be released at 12:30 GMT.

Equities

  • The US stocks moved lower with the US 30 (DOW) dropped down to 15858 and the US 500 (SPI) down to its two month low at 1802.

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