Easy Forex Daily Forex Report 09-04-2014
April 9, 2014 1:05 pmVideo
Latest News
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- Analysis and trading tips for EUR/USD on April 8 April 8, 2024
The EU Morning Report – UK Manufacturing may move the sterling – 08 April 2014
Written by the easy-forex team
Currencies
The US dollar (USD) dropped for another day down to 102.73 against the Japanese yen (JPY) and recorded its two week low. Yen appreciated as the Bank of Japan (BoJ) refrained from adding more stimulus measures at the policy meeting today.
Equities
The China 50 (CNX) skyrocketed from 6677 all the way up to 6943 during the Asian session. The Chinese index rose on speculation that the government will take any necessary steps in order to support economic growth.
Commodities
Soybeans (SOY) declined from 1479 down to 1459 before rebounding back to 1471 bushels. Soybeans swing between losses and gains as the US Department of Agriculture (USDA) will report tomorrow the global inventories.
Mover & Shaker with FX Options
The British Pound (GBP) advanced more than 100 pips during yesterday’s session against the US dollar (USD). The monthly UK manufacturing production is on the calendar for today and expectations show a change of 0.3%. A higher outcome may drive the pair even higher.
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