FX Daily Report : February 20, 2014

By GFM ResearchCurrenciesFeb 20, 2014 02:43AM ET

www.investing.com/analysis/fx-daily-report-:-february-20,-2014-203295

FX Daily Report : February 20, 2014

By GFM Research | Feb 20, 2014 02:43AM ET

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Market Commentary
Most of the FX majors are trading near their historic resistances especially the Euro and the Aussie with 1.3820 ranges and 0.9100 ranges acting as supply zone respectively. The Dollar Index (DX) is still trending sideways both in the short term and the medium term with the short term trend range bound between 79.80 and 81.50 and the medium term trend range bound between 78.70 and 82.20 ranges.

The benchmark equity index of Dow Jones Industrial Average (DJIA) corrects after nearing important resistance of 16260 ranges; further rally my reinitiate only above 16300. Historic correlation between DX Vs DJIA suggests Dollar weakness till DX is not closing above 84.50 ranges on weekly basis though the historic correlation between DX Vs DJIA is have become less significant since past couple of years.

FX Pair

Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.

Disclaimer: This report contains the viewpoints of GFM Research. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	43,446.4	-174.9	-0.40%
US 500	5,952.6	-2.8	-0.05%
Dow Jones	43,447.22	-173.94	-0.40%
S&P 500	5,953.70	-1.66	-0.03%
Nasdaq	19,045.07	+18.68	+0.10%
S&P 500 VIX	19.56	+0.13	+0.67%
Dollar Index	106.400	+0.172	+0.16%

Crude Oil WTI	68.80	-0.13	-0.19%
Brent Oil	72.24	-0.26	-0.36%
Natural Gas	3.983	-0.147	-3.56%
Gold	2,930.99	+12.19	+0.42%
Silver	32.158	+0.331	+1.04%
Copper	4.5708	+0.0433	+0.96%
US Soybeans	1,024.50	-6.75	-0.65%

U.S. 10Y	4.253	-0.045	-1.05%
U.S. 30Y	4.510	-0.046	-1.01%
U.S. 5Y	4.071	-0.060	-1.45%
U.S. 3M	4.301	+0.010	+0.23%
US 10Y T-Note	110.88	+0.36	+0.33%
Euro Bund	132.92	+0.45	+0.34%
10-2 Yield Spread	19.61	-2.98	-13.19%

Apple	240.00	-7.05	-2.85%
Alphabet A	172.66	-2.77	-1.58%
Tesla	289.58	-13.22	-4.37%
Amazon.com	213.65	+0.85	+0.40%
Netflix	989.84	+12.60	+1.29%
Meta Platforms	672.42	+14.92	+2.27%
Bank of America	44.00	+0.06	+0.13%

FX Daily Report : February 20, 2014

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