FX Daily Report: DX Gains Fade - March 15, 2013

By GFM ResearchCurrenciesMar 17, 2013 02:49AM ET

www.investing.com/analysis/fx-daily-report:-dx-gains-fade----march-15,-2013-159221

FX Daily Report: DX Gains Fade - March 15, 2013

By GFM Research | Mar 17, 2013 02:49AM ET

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Market Commentary
The USD Dollar depreciated across the board, mostly against the Pound sterling after consistently appreciating the past couple of months. After hitting a high of 93.20 ranges, the Dollar Index (DX) gains faded during mid New York session, and is currently trading at 82.60; daily close below 82.30 would post short term top.

Dow Industrials (DJIA) is trading consistently beyond the all time high of 14200-14300 made during October 2007, indicating that a new rally is under way. Only a monthly close below 13700 would force us to rethink. The historic correlation between DX Vs DJIA suggests the long-term trend is still Dollar bearish. It will probably remain so until the Dollar Index goes above 84.50 on monthly basis - although the short term and medium term trends are bullish.
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	43,411.6	-209.7	-0.48%
US 500	5,963.4	+8.0	+0.14%
Dow Jones	43,434.29	-186.87	-0.43%
S&P 500	5,965.93	+10.57	+0.18%
Nasdaq	19,075.26	+48.88	+0.26%
S&P 500 VIX	19.10	-0.33	-1.70%
Dollar Index	106.400	+0.172	+0.16%

Crude Oil WTI	68.76	-0.17	-0.25%
Brent Oil	72.21	-0.29	-0.40%
Natural Gas	3.994	-0.136	-3.29%
Gold	2,931.49	+12.69	+0.43%
Silver	32.170	+0.344	+1.08%
Copper	4.5748	+0.0473	+1.04%
US Soybeans	1,024.50	-6.75	-0.65%

U.S. 10Y	4.248	-0.050	-1.16%
U.S. 30Y	4.512	-0.044	-0.97%
U.S. 5Y	4.080	-0.051	-1.23%
U.S. 3M	4.301	+0.010	+0.23%
US 10Y T-Note	110.81	+0.30	+0.27%
Euro Bund	132.92	+0.45	+0.34%
10-2 Yield Spread	19.61	-2.98	-13.19%

Apple	240.36	-6.68	-2.70%
Alphabet A	172.73	-2.69	-1.53%
Tesla	290.80	-12.00	-3.96%
Amazon.com	214.35	+1.45	+0.68%
Netflix	990.06	+12.82	+1.31%
Meta Platforms	673.70	+16.20	+2.46%
Bank of America	43.98	+0.04	+0.09%

FX Daily Report: DX Gains Fade - March 15, 2013

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