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Market Review

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NZD/USD – The New Zealand dollar has lost ground and fell to 0.7990 after the central bank governor, said Wheeler unjustified level of the currency, calling for the intervention of the central bank.

AUD/USD – The Australian dollar has fallen into negative territory in the Asian market after the central bank governor urged attitudes riskier.

EUR/USD – The euro is trading around 1.2770 in the Asian market after breaking the main support at 1.28 which triggered the store. The President of the ECB, Draghi said yesterday that the bank will maintain its accommodative stance until inflation is not coming back around 2%. Draghi’s comments came just as we wondered if it would work the ECB’s offer of cheap money to the banks rather than an increase in lending.

S & P – has stalled the sell-off that lasted three days and the index is currently listed around 1998.00 after the positive report published yesterday on new home sales and the stimuli coming from Europe. Sales of new homes in the United States rose by 18% in the last month, reaching 504,000 units, far surpassing forecasts (4.4%) to 430,000 units.

Commodities

GOLD – losses increase and the metal is trading at 1213.00 in reaction to the strong performance of equities and positive economic data from the United States that have reduced the demand for safe haven assets after the dollar index peaked at four years.

CRUDE OIL – the price remains stable during the Asian session and is trading around 92.70 after a decline in the overnight session, crude oil inventories in the United States.

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