Список проголосовавших за комментарий " Currency Commentary: 50-sma in Focus<ul><li>The <strong>Dollar Index</strong> was able to hold its 50-sma (101.18) in early trade and is pressing back higher. Markets will be closely watching economic data all week to see if there are any curveballs for the Fed. The Friday jobs number will garner the most interest but it will likely take a big miss to cause the Fed to change direction. The Fed is in a quiet period as we approach the March 16 meeting.</li><li>The <strong>euro</strong> is testing its own 50-sma (1.0618) for resistance. Market focus will be on the ECB interest rate decision and ECB Mario Draghi press conference on Thursday. Mr. Draghi was boosted in early going with a better than expected Investor Confidence number. He will have to provide the case on why the ECB should continue its current asset purchase program. Overall expectations are low for anything incremental to happen.</li><li>The <strong>pound</strong> made a run back to test 1.23 in overnight trade but was unable to hold and is giving up its early gains. Sterling is now slipping back for another key test of the 1.2220 area. Headwinds will likely persist as we approach the government invoking Article 50. On Wednesday the U.K. will release its latest annual budget with expectations for a boost to taxes.</li><li>The <strong>yen</strong> is yet another currency testing its 50-sma, this one on the support side. Markets are digesting news that North Korea launched four ballistic missiles in the direction of Japan. One fell approx 220 miles short of the country. For now, most are viewing it as the typical response from North Korea as the U.S. and South Korea run their annual military drills. But the move by the unstable country has raised some concern.</li><li>The <strong>yuan</strong> is holding near the 6.90 area. The country's latest National Congress has kicked off and the country was forced to lower its growth outlook to 'about 6.50%' as compared to 6.50-7.00% in 2016. Not a surprise but still leading to some market selling this morning (BONDX, FOREX). </li></ul>"