06 April 2015
March was a joyful month for traders due to its energetical movement and even EURUSD was among leaders on volatility. How did it impact on results of activity of “FreshForex” traders?
Let us open secrets of the most successful deals!
What was happening on markets in March?
In March ECB put printing press in action which pressed on EUR/USD — it lost 4% over the month. Negative report on inflation in Great Britain knocked pair GBP/USD out. According to the month results, quotes of the British currency lost 3.94%. The demand in USD/JPY is supported by the fact that Japanese exporters are still in trouble. Its quotes had grown by 0.33% by the end of month.
A soft monetary policy of ECB pushes up leading stock indicators of Europe. As the result, in the first month of Spring DAX30 index added 4.94%. Oil reserves in the USA reached its 80 years’ maximum which affected quotes of “black gold”. WTI contracts in March lost 4.29%.
Leading economies of the world are to face deflation and therefore gold lost its attractive force. This metal lost 2.4% in March. In the winter months demand in the US cars dropped and palladium quotes went down. Car industry is the first branch demanding this metal, so by the end of the month the quotes became lower for as much as 9.8%.
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