Easy Forex Daily Forex Report 17-02-2014
February 17, 2014 2:00 pmVideo
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The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014
Written by the easy-forex team
Currencies
The US dollar (USD) managed to touch 102.92 against the Japanese yen (JPY), before correcting to 102.47 in early trading. The pair has strong support at 101.99.
Equities
UK equities are on a bullish run late this week, with the UK 100 (FTS) at 6505 from 6430 on Thursday. Overall stocks have corrected their all-time highs from 6815 earlier this month.
Commodities
WTI crude (OIL) fell from its month high at 98.55 deemed too high for the market. The energy fell to 97.79 in early trading as investors look ahead for a firm correction.
Mover & Shaker with FX Options
Gold (XAU) continued to slide after its volatile reaction to the FOMC on Wednesday. The precious metal, currently at 1242 dollars per ounce could slide lower as the dollar strengthens.
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