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    Weekly Market Snapshot - February 06, 2016: Forex, Equities, Commodities

    February 06, 2016 - (Weekly) FX Strength, Pivot points, Support, Resistance & Fibonacci retracement levels for Currency pairs, Dollar Index, Global Stock Indices & Commodities offered by WorldWideMarkets and a Chart of Interest. [EURUSD, USDJPY, DXY{updated end of week}

    • Currency Performance - Weekly(Strongest to Weakest)FX_Strength_020616.png
    Market Best Performer Worst Performer Comments
    Forex EURAUD AUDJPY The headline numbers for the latest US NFP depicted a less than rosy labor market but, as the saying goes, the devil was in the details. To wit, unemployment rate fell to 4.9%, its lowest level since the 4.8% print in February 2008, even as participation rose. Even more importantly, average hourly earnings and hours worked beat expectations lending credence to the notion of labor market stability. This report should allay the fears of those in the FED who might have been worried that rate hikes were premature and ratchet up the odds of another hike, possibly as soon as March. The US Dollar managed to recoup some its losses to eke past the Aussie, though it still ended the week as the second worst performing major. The Japanese Yen reversed last week's BOJ inspired losses to end the week as the best performer.
    Equity Dow Jones Japan Dow Jones index was the "best" performer in a week that saw most major global indices slide.
    Commodity Silver Natural Gas Crude oil ended a volatile week lower as rumors of top producing nations uniting conflicted with the reality of oversupply.
    • Pivot Points & Fibonacci Retracement Levels - Weekly
      A technical analysis indicator used to try and determine the short-term trend of the market. The pivot point is the average of the high, low and closing prices from the previous trading period. If the market on the following period trades above the pivot point it is thought to be exhibiting bullish sentiment, whereas trading below the pivot point is seen as bearish. The Fibonacci retracement is the potential reversal of a financial instrument's original move in price.(click to enlarge)FOREX_020616_w.png
    • Chart(s) of Interest - Weekly [EURUSD, USDJPY, DXY](click to enlarge)
      1. EURUSDChart_EURUSD_W_020616.png
      2. USDJPYChart_USDJPY_W_020616.png
      3. DXY (Dollar Index)Chart_DXY_W_020616.png
    • Global Stock Indices, Commodities & USD -vs- Majors - Weekly(click to enlarge)DOLLAR_020616_w.png

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