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DAILY MARKET REVIEW — 15/03/2017

DAILY MARKET REVIEW — 15/03/2017

 

Dutch elections and Fed’s meeting will be today’s main news

 

Forex

EUR/USD

The pair fell yesterday as Eurozone’s industrial production was lower than expected. Meanwhile, US’ producer price index for February was better than experts’ forecast. Traders are waiting for Fed to announce its meeting result at 18:00 (GMT). According to most analysts, the US central bank will raise rates by 0.25%, which will lead to a rise in the USD’s price.

Dutch elections also put some pressure on the pair. If the ultra-right party wins, then the country may leave EU.

Resistance: 1.06389, 1.06621, 1.06978
Support: 1.06000, 1.05727, 1.05462

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