The USD volatility increasing is making traders wary of making large bets at the moment on the direction of US interest rates. analysts opinions are becoming deeply divided on the issue of a 2015 rate hike or not. where the USD lost ground all last week this week the currency becomes a story of clawing back eroded values. Strong reports of US economic data and rumors running riot in dealer rooms that the Greeks are about to run out of money has certainly halted the USD slide. whilst the bulk of weaker longs and call options are being taken out of the market traders are eying buy opportunities at every dip within context of the general idea of interest rate differentials between the Fed and ECB. Moreover the U.S. Department of Labor had said that consumer prices rose by 0.2% in February 2015, and this is the first increase in the last 4 months. Read more on Reuters - http://www.reuters.com/article/2015/03/24/markets-forex-idUSL3N0WQ5MP20150324
as the USD steadies itself.
USDX
97.239 +0.003 0.00%Support 96.139 Resistance 98.319
EUR
1.09145 -0.00094 -0.09%
Support 1.08200 Resistance 1.10960
Crude Oil
47.50 -0.01 -0.02%
Support 45.69 Resistance 49.47
Gold
1192.775 +4.825 +0.41%
Support 1,180.4 Resistance 1,200.0
Pieter Bergli - DeLoren Trust Holdings
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