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FX Bazooka (your trading weapon)
EUR/USD: euro going to negative area

Technical levels: support – 1.0560, 1.0500; resistance – 1.0590.

Trade recommendations:

1. Sell — 1.0550/60; SL — 1.0580; TP1 — 1.0500; TP2 – 1.0460.

Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrow channel Tenkan-Kijun; the prices are going out from the Cloud.

[Image: 01-eurusdh4(97).png]

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Aussie and Kiwi edge down vs. greenback on mixed Australian data

On Thursday, the Australian and New Zealand dollars tumbled against their US counterpart, following the publication of mixed Australian data, while hopes for a March rate lift in America kept supporting demand for the US dollar.

The currency pair AUD/USD sank 0.27%, being worth 0.7655.

The Australian Bureau of Statistics earlier announced that in January, building approvals tacked on by 1.8%, compared to hopes for a 0.4% dip.

In December, building approvals sagged 2.5%, and that figure was revised from a previously estimated 1.2% dip.

A separate report disclosed that Australia’s trade surplus declined to A$1.302 billion in January from December’s outcome of A$3.334.

Financial experts had expected the trade surplus to soar to A$3.800 billion in January.

The currency pair NZD/USD dropped 0.17%, being worth 0.7131, just off the previous session’s six-week minimum of 0.7098.

[Image: dollar-australia(4).jpg]

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Gold surges in Asia in rebound to recent drops on Fed views

On Friday, gold managed to earn in Asia, with market participants buying on recent drops spurred by surging expectations of a Fed rate lift this month.

In New York, April delivery gold futures soared 0.07%, trading at $1,233.75 a troy ounce. Meanwhile, silver futures surged 0.25%, reaching $17.793 a troy ounce. Additionally, copper futures sagged 0.19%, trading at $2.681 a pound.

Overnight, gold tumbled, on the back of an extended greenback soar, as surging expectations of an interest rate lift in March remained front and center.

The number one precious metal extended losses from the previous session, as ascending expectations of a March rate lift pushed the greenback higher and weighed on gold, after Fed Governors’ Brainerd and Powell continued the hawkish rhetoric delivered by several major officials for the last few days.

According to Fed rate monitor tool, almost 80% of market participants expect a rate lift in March, compared to about 60% on Wednesday.

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Gold ascends in Asia

On Monday, gold ascended in Asia after North Korea dared to rattle financial markets with an estimated four missile launches after weekend forecasts for surge issued in China had earlier backed sentiment.

North Korea fired multiple missiles, which flew approximately 1,000 km, as South Korea's military informed. Japan told that three missiles fell inside its exclusive economic zone and it wouldn’t tolerate the hermit state's provocative actions.

In New York, April delivery gold futures added 0.62%, trading at $1,234.05 a troy ounce. Meanwhile, in metals trading, silver futures rebounded and earned 0.83%, hitting $17.888 a troy ounce. As for copper futures, they dived 0.63%, reaching $2.691 a pound.

On Thursday, the European Central Bank will have a meeting and offer fresh cues as for the future direction of its stimulus program.

The previous week, gold sagged and reported the largest drop of 2017 amid surging expectations that the Fed will increase interest rates later this month.

[Image: gold-jewellery-main(4).jpg]

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Asian shares are mixed with traders eyeing Fed rate lift chances

On Tuesday, Asian stocks were narrowly mixed, with sentiment moderately dismal on ascending expectations of a Fed rate lift this month.

The S&P/ASX 200 got back to the green after a negative start, soaring 0.36% as the Reserve Bank of Australia's latest interest rate verdict held steady as expected.

The Nikkei 225 declined 0.15%, extending Monday's dives, while in South Korea, the Kospi managed to grow 0.5%.

The Shanghai composite declined 0.07%, Hong Kong's Hang Seng index inched up 0.38%.

Overnight, American shares were lower after the close on Monday because losses in the Financials, Basic Materials as well as Healthcare sectors brought stocks down.

At the close in NYSE, the Dow Jones Industrial Average decreased 0.24%, the S&P 500 index dived 0.33%, the NASDAQ Composite index sank 0.37%.

American equities traded in negative territory during the session, as the probability that the Fed will increase interest rates at its gathering on March 14-15 reached its highest level on Monday, while fresh geopolitical concerns suppressed upside momentum.

[Image: 103041225-GettyImages-490603414.530x298(3).jpg]

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Asian stocks edge down as caution sets in

On Wednesday, Asian stocks decreased after a strong start to the week due to profit-taking as market participants lacked conviction to purchase risky assets before an upcoming Fed policy gathering next week, which might see interest rates ascending for the second time in three months.

MSCI's broadest index of Asia-Pacific stocks outside Japan dropped 0.1% in early trade, a day after reporting its biggest single-day leap in more than two weeks. Australia and Japan led losers.

The Fed is expected to have a policy meeting on March 14-15 and financial markets have rapidly ratcheted up bets of a rate lift at the gathering after recent hawkish comments by American policymakers.

This year market participants have rushed to purchase stocks as well as emerging market debt as they had previously expected the major US bank to increase interest rates only gradually and as recent data from Asia, including trade, have surprised on the upside, thus cementing the view of reviving global momentum.

[Image: 7358anne-asianstockstn1.jpg]

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China welcomes dozens of Trump’s trademarks

China has already granted preliminary approval for up to 38 trademarks linked to Donald Trump, as documents on China's state trademark office revealed. It gave the US President as well as his family the long-awaited protection of the "Trump" brand in the market.

The trademarks, covering a wide array of businesses from hotels to escorts and mobile libraries, underline the complexities as well as potential worries as for conflicts of interest facing President Trump, who boasts a sprawling business empire under the Trump name around the globe.

Trump, a prosperous real estate developer, has previously told that he has already handed over his business interests to a trust overseen by one of his sons as well as a Trump Organization executive. Of course, he can revoke the trust at any time, as its sole beneficiary is still linked to it financially.

They were granted preliminary approval in two lists released on the Trademark Office of the State Administration for Industry and Commerce on February 27. 

[Image: 161110183747-china-trump-relationship-or...ge-169.jpg]

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Australian stocks edge up at close of trade

On Friday, Australian stocks rallied after the close, as revenues in the Consumer Staples, Healthcare as well as IT sectors brought stocks up.

The S&P/ASX 200 headed north 0.60%.

Mantra Group Ltd, Sirtex Medical Ltd and CSR Ltd happened to be the best performers of the session on the S&P/ASX 200. They soared respectively 5.49%, 4.59% and 4.36%.      

The top losers were represented by Macquarie Atlas Roads Group, Aconex Ltd and Vocus Fpo. They declined 5.95%, 4.37% and 3.63% respectively.     

Ascending shares managed to outperform diving ones on the Australia Stock Exchange by 566 to 510, while 348 remained intact.

The S&P/ASX 200 VIX, tracking the implied volatility of S&P/ASX 200 options, declined 21.04%, hitting 8.825 - a fresh all time minimum.

The currency pair AUD/USD tacked on 0.17%, trading at 0.7519, while AUD/JPY grew 0.51%, reaching 86.72.

The US Dollar Index Futures went down 0.10%, showing 101.88.

[Image: 1404440675098(2).jpg]

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Euro rises to 1-month peak after ECB rate lift talk

On Monday, the euro firmed to one-month peaks against the greenback in Asia trade on Monday, after some ECB policymakers raised the possibility of increasing interest rates before bond purchases end.

The common currency gained 0.2%, hitting $1.0699, having soared as high as $1.0701, its highest value since February 9.

Some members of the ECB's Governing Council talked about the probability of higher interest rates at the previous week's policy gathering, though talk on the issue was quite concise and it didn’t receive broad support.

The euro's revenues were limited by hopes that the Fed would decide to increase interest rates at its two-day policy gathering ending on Wednesday, after American employers hired folks at a robust pace in February.

The headline figure managed to surpass expectations and wages grew too, though by less than some analysts expected. The non-farm payrolls report reinforced market hopes that the Fed will increase interest rates this week notwithstanding slowing economic surge. 

[Image: 160202151503-euro-bills-780x439(6).jpg]

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Greenback heads north on US yields

On Tuesday, the evergreen buck soared against a basket of key currencies, as US Treasury yields extended their soar ahead of an expected interest rate surge by the Federal Reserve.

The common currency pulled back from one-month peaks right after dovish-sounding comments from European Central Bank officials tempered its recent soar.

With a rate ascend already seen as a done deal, investor focus shifted to what kind of a message the major US bank would deliver after its two-day gathering starting later on Tuesday.

The latest surge in Treasury yields is definitely backing the greenback, but it’s a wait-and-see mood , which is mostly prevailing in the market ahead of the Fed's verdict.

The dollar index against a group of key currencies gained 0.1%, being worth 101.410, contributing to modest revenues made the previous day.

The US currency stood still at 114.850 yen, having dropped to 115.510 on Friday, its highest value since January 19.

[Image: USD-Dollar-Forex-Greenback(2).jpg]

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