Friday, March 21, 2014

Key Benchmarks: DXY EURO JPY

Brief Report:

The market whipsaw on the Dow Jones Industrial Average and the S&P have seen market investors shifting back to where they have left off POST FOMC statements. And the corresponding US Dollar Index Spot seems to be moving back towards its February 25th figures along side the Euro. Key levels: DXY @80.05/15 basis point; EURUSD @1.3750/80 and USDJPY @102.55/60 respectively; set-aside the current fundamental report. Simply just the key numbers for price comparison. While the EURGBP & AUDJPY crosses have remained resilient with a milder market price swing from yesterdays influential report.

A probable repeat of history in the making has been anticipated. Although, this might still be a little too early to speculate on. However, the corrective mode would not be discounted as the DJIA and S&P are back to there intraday highs before the decline and since its the closing day of the trading week.

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