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FX Bazooka (your trading weapon)
Aussie and Kiwi decrease vs. greenback in late trade

On Thursday, the Australian and New Zealand dollars dived against their American counterpart, pulling back from peaks, reached earlier when the Fed announced a highly-anticipated rate lift.

The currency pair AUD/USD dived 0.21%, trading at 0.7694, off Wednesday’s two-and-a-half week peak of 0.7722.

On Wednesday, at the end of its two-day policy gathering, the Fed lifted interest rates by 25 basis points to 1.00% from 0.75%, exactly as expected.

The US dollar dived broadly following the decision, as the major bank’s stance was considered to be less hawkish than expected, given projections of three rate lifts this year and not four as some analysts had hoped for.

The currency pair NZD/USD dived 0.55%, trading at 0.7008, having reached a more than one-week high of 0.7050 during last session.

Earlier on Thursday, Statistics New Zealand posted that the country’s GDP added 0.4% during the fourth quarter of last year, thus confounding expectations for a surge of 0.7%.

[Image: Dinero-de-Australia.jpg]

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Yen drops in Asia

On Friday, the Japanese yen held weaker against the greenback in Asia, with trade light as well as direction focused on end of the week indicators in America, including consumer sentiment.

The USD/JPY hit 113.46, ascending 0.13%, while AUD/USD reached 0.7683, soaring 0.08%. Meanwhile, GBP/USD showed 1.2353, tumbling 0.04%, while EUR/USD gained 0.07%, being worth 1.0774.

The US dollar index, estimating the greenback’s value against a trade-weighted basket of six crucial currencies, declined 0.03%, hitting 100.06, losing more than 1% on the week.

On Friday, the People's Bank of China set the Yuan mid-point at 6.8873 against the greenback, compared with the previous outcome of 6.9003.

Overnight, the evergreen buck traded lower after the Fed failed to adopt a more aggressive outlook as for the pace of rate lifts this year.

The British pound traded steeply higher against the greenback, reaching a two week peak of $1.2373, after the Bank of England left interest rates intact, though hinted that a rate lift could be in the pipeline.

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Crude prices decline on rise in American drilling

On Monday, crude sagged, as surging American drilling activity as well as steady supplies from OPEC countries notwithstanding touted output cuts pressured already-bloated markets.

Brent crude futures were dropped 0.56%, trading at $51.47 per barrel.

American West Texas Intermediate crude futures tumbled 0.78%, hitting $48.40 a barrel.

Market participants told that crude prices came under pressure from ascending American drilling as well as ongoing high supplies by the OPEC notwithstanding its pledge to reduce output by nearly 1.8 million barrels per day together with some other crude producers, such as Russia.

American drillers added 14 oil rigs by March 17, thus bringing the total count up to 631, which is the most impressive outcome since September 2015, as  energy services firm Baker Hughes Inc informed on Friday.

Therefore, US crude output has ascended to over 9.1 million bpd from 8.5 million bpd in June the previous year.

[Image: Crude-Oil(7).jpg]

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European stocks dive

On Monday, European stock markets sank after the open, as the greenback remained on the back foot and crude prices kept moving south, applying pressure on sentiment.

Market participants also mulled headlines out of the G20 finance ministers gathering in Germany at the weekend in order to assess the overlal potential impact that trade barriers could have on global surge.

The EURO STOXX 50 declined 0.1%, France’s CAC 40 lost 0.3%, Germany’s DAX 30 went down 0.3%. Additionally, the FTSE100 edged down 0.2% in London.

Earlier, in Asia, financial markets concluded mixed, with the Shanghai Composite in China ending up about +0.4%, while Japan's Nikkei remained unavailable for a public holiday.

The greenback extended its losses to a fourth trading session, staying on track for its longest losing streak since early November in wake of the Fed’s dovish guidance on the path of rate lifts in 2017.

As for early movers, Deutsche Bank stocks slid approximately 2% in Frankfurt after the German lender reported that it was issuing 687.5 million new stocks in order to raise $8.6 billion.

[Image: image(30).jpg]

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Crude prices dive on bloated American crude storage

On Wednesday, crude prices sagged, as surging crude stocks in America underscored an ongoing global fuel supply overhang notwithstanding an OPEC-led effort to reduce output.

Prices for front-month Brent crude futures reached $50.79 per barrel, sliding 0.3% from their previous close.

American West Texas Intermediate crude futures slid 0.4%, hitting $48.08.

American crude inventories surged by 4.5 million barrels by March 17 growing to 533.6 million barrels, as the American Petroleum Institute told late on Tuesday.

The bloated storage comes as American crude output has inched up over 8% since mid-2016 to more than 9.1 million barrels per day, values comparable to late 2014, when the crude market dip started.

Surging output in America and elsewhere as well as bloated inventories, are actually undermining efforts led by the OPEC to reduce output and stimulate prices.

Notwithstanding cuts, experts warned of renewed or ongoing oversupply in the nearer future as American shale producers will ramp up once OPEC get back to full capacity.

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EUR/USD: "V-Bottom" pushing the price higher

[Image: 23-3-2017-EUR-H4.png]

The price is consolidating under a resistance at 1.0828. Therefore, the market is likely going to achieve the next resistance at 1.0850 in the short term. If a pullback from this level happens, there’ll be an opportunity to have a bearish correction towards a support at 1.0797 – 1.0774.

[Image: 23-3-2017-EUR-H1.png]

We’ve got a consolidation, which is taking place between the 34 Moving Average and the nearest resistance at 1.0828. Also, we’ve got a “Thorn” and “V-Bottom” patterns, so bulls are likely going to reach a resistance at 1.0850 during the day. Considering a pullback from this level, we should keep an eye on the closest support at 1.0774 as a possible bearish target.

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Asian stocks tumble on Trump healtcare fallout

On Monday, stocks in Asia dipped as markets reacted to Donald Trump’s failure to overhaul American healthcare and what it might portend for planned tax drops as well as infrastructure spending.

Japan's Nikkei 225 dived more than 1.50%, while Australia's S&P/ASX ASX 200 lost 0.17%.

The Shanghai Composite headed south 0.39%, while Hong Kong's Hang Seng index declined 0.17%.

The previous week, American shares closed mixed, after the House of Representatives’ dared to withdraw a health care bill in order to repeal and replace Obamacare because chances of passing the bill turned to be slim amid a lack of votes.

The Dow offered the greatest reaction to the news, as this benchmark moved steeply off the minimums, though eventually closed in negative territory.

The Dow Jones Industrial Average tumbled 0.29% to hit 20,596. Aside from that the S&P 500 managed to gain 0.11%, while the Nasdaq Composite concluded at 5,828, leaping 0.19%.

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Asian stocks are mixed as Tokyo revives after muted Wall Street

On Tuesday, Asian stocks traded mixed, with Tokyo reviving after America demonstrated a muted reaction to President Donald Trump's inability to replace Obamacare.

Japan's Nikkei 225 inched up 1.07%, reviving from a steep drop overnight as Lenovo Group and Fujitsu announced the postponement of their target date for a final agreement on their personal computer business tie-up. Stocks of Fujitsu rallied 2.70%t and the Hong Kong-listed Lenovo surged 1.23%.

In Australia, the S&P/ASX 200 soared 1.15%. However, retail company Myer dipped 4%, having soared  18% on Monday amid rumors that a takeover bid was on the cards.

The Shanghai composite tumbled 0.26%, while Hong Kong's Hang Seng index gained 0.49%.

Overnight, American stocks closed mostly lower on, as market participants mulled over President Trump’s ability to push through major proposals, which include tax reform, right after on Friday the healthcare bill was dropped. 

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Aussie is almost intact, Kiwi drops vs. greenback

On Wednesday, the Australian dollar stood still against its American counterpart, while the New Zealand dollar descended, as demand for the greenback remained backed by Tuesday’s positive American data.

The currency pair AUD/USD stood intact at 1.7636.

The US Consumer Board told that its consumer confidence index soared to a 17-year peak of 125.6 in March from 116.1 last month, which is far above hopes for a reading of 114.

The major American currency was also backed after on Monday, Chicago Federal Bank President Charles Evans as well as Dallas Fed President Robert Kaplan suggested that the US major bank will continue its current monetary tightening cycle.

The currency pair NZD/USD decreased 0.24%, trading at 0.6999, which is the lowest value since March 24.

The US dollar index, measuring the greenback’s value against a trade-weighted basket of six crucial currencies, gained 0.12%, being worth 99.65, the highest value since last Friday.

[Image: image(31).jpg]

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On Thursday, Asian stocks were narrowly mixed, with market sentiment downbeat over the probable hard slog ahead for Great Britain to abandon the European Union.

Japan's Nikkei 225 declined 0.35%, although Toshiba shares added 3.37% ahead of an extraordinary shareholders gathering.

On Wednesday, the Japanese conglomerate's American subsidiary Westinghouse Electric filed for bankruptcy after it reported a multi-billion dollar write-off because of cost overruns at four nuclear reactors under construction in America.

In Australia, the S&P/ASX 200 managed to grow 0.2% as the country started evacuating thousands of folks from resort islands in the tropical northeast, as water supplies started running low. Additionally, on the mainland of Queensland, tens of thousands of Australians were still without power and officials drew attention to more heavy rainfall in the wake of Cyclone Debbie.

The Kospi index tumbled 0.3%, Samsung Electroncis released its Galaxy S8 smartphone, thus gaining 0.53%.

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