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Thursday 2 March 2017

Daily Market Roundup (March 2, 2017): DailyForex.

Published on 2 Mar 2017
Odds have continued to move in favor of a U.S. Rate Hike this month, boosting the Dollar, while stock markets rally strongly to new all-time highs.

The EUR / USD currency pair looks bearish in the long and medium terms, but found some support yesterday at 1.0525.

The USD / JPY currency pair continued to rise, breaching the resistance levels around 114.00, and looking like resuming its long-term bullish trend.

The GBP / USD currency pair was one of the strongest fallers yesterday, breaching key support and now trading well below 1.2300.

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