February 2016

WSE: Session Results

Polish equity market plunged on Monday. The broad market measure, the WIG Index, declined by 0.74%. From a sector perspective, chemicals (-2.27%) fared the worst, while construction sector (+0.85%) was the best-performing group. The large-cap companie... [...]

Oil prices increase

Oil prices rose on news about the supply disruption in Nigeria due to a leak. The Baker Hughes data also supported oil prices. The oil driller Baker Hughes reported on Friday that the number of active U.S. rigs declined by 13 rigs to 400 last week. It ... [...]

Wall Street. Major U.S. stock-indexes rose

Major U.S. stock-indexes slightly rose on Monday as cautious investors assessed China's move to boost its slowing economy and an increase in oil prices raised hopes that the market had bottomed out. China's central bank on Monday cut its reserve requir... [...]

Gold price rise

Gold price rose on the weak U.S. economic data. The Institute for Supply Management released its Chicago purchasing managers' index on Monday. The Chicago purchasing managers' index dropped to 47.6 in February from 55.6 in January, missing expectations... [...]

Daily analysis of USD/CAD for February 29, 2016

OverviewThe attached H4 chart demonstrates that the USD/CAD pair continues fluctuating near 61.8% Fibonacci correction level that represents an important support at 1.3536, underpinning chances for resuming the bearish bias in the upcoming period with... [...]