MPT Market Report 30th March 2010
MPT market report for Tuesday the 30th of March.
Yesterday the Euro gained 30 pips against the Dollar, and in early trading today has gained a further 60 pips.
Sterling also recovered against the Dollar yesterday, and has continued to do so this morning, up 123 pips for the week, trading at 1.5040.
And the Yen which lost ground to the Dollar over the last week, was range-bound yesterday between 92.7 and 92.4. However this broke in early trading today and the Yen pushed to 92.15, before the Dollar bounced back to 92.65. This is looking extremely volatile today.
Looking ahead, UK National Housing Price figures were released early today. March saw a significant improvement from February, up 1.7% which may be bullish for Sterling today.
In the US, the S&P/Case-Shiller Home Price Index will be released later. Expected to see an improvement of 2.5% for February, this will be one to watch, and may be bullish for the Dollar today.
US Consumer Confidence figures will also be announced at 15.00 CET today. Expected to be up 4.3 points, this may be bullish for the Dollar.
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