Daily Market ReviewMarket Review was generated at 09.30 GMT+2 on Monday 27th of March 2016 By Michalis Markides

General Market NewsUS equities were mixed as the Republicans pulled their American Health Care Act bill. Trump and his team wasn't able to pull garner enough votes and that will impact the equity market negative in the short term. European markets finished mixed too; the Dax gained 0.20%, while the CAC 40 and FTSE 100 lower and fell 0.24% and 0.05% respectively. A preliminary measure of Germany’s macro profile for March is on tap today with the release of Ifo survey data. Later, new data on lending to households in the Eurozone in February will dispense another clue on the health of the economic recovery in the first quarter. Meanwhile, the monthly update of consumer confidence in Brazil will be widely read for fresh insight into deciding if the country’s recession will end later this year. Tesla rose $8.38 or 3.29% after Elon Musk tweeted that Tesla will start taking orders for its solar roof tiles in April. While there is no clarifications on the price, it was revealed last year that the cost of solar roof tiles will be lesser than the conventional roof plus solar. Prime Minister Theresa May will seek to head off moves for Scottish independence in a speech Monday as she finalizes her plans for triggering two years of negotiations to leave the European Union. In a trip north of the border, May will appeal to Scottish voters to keep the U.K. intact. She’ll kick off the Brexit process two days later in a letter to the bloc and on Thursday set out proposals to bring thousands of EU regulations under U.K. control.Forex NewsThe greenback – in terms of the US Dollar Index – is sharply lower at the beginning of the week, currently hovering over the critical support at 99.00 the figure. EUR/USD so far manages to keep the trade in the upper bound of the daily range, testing 1.0850 ahead of key German data. Spot opened Monday’s session with an important gap to the area near 1.0850, fresh yearly tops, after the House of Republicans voted against the American Health Care Act, known as ‘Trumpcare’ last Friday. The GBP/USD pair extended its bullish momentum on Monday, now flirting with fresh five-week highs reached near 1.2530 stepping into a Big week ahead. The dollar USDJPY, -1.04% fell as much as 1.0% against the yen at one point, to trade at ¥110.24, its lowest level against the Japanese currency since Nov. 22. These developments are seen as markets' reactions to US president Donald Trump's failure in pushing through his health care act. Some analysts noted that markets are generally getting more cautious as the failure exposed Trump's on his limits. Metals and Commodities NewsCrude oil prices broke a four-day run of losses on Friday, heading higher after OPEC kingpin Saudi Arabia said it has cut its oil exports to the us dramatically. West Texas Intermediate crude rose 27 cents to settle Friday at $47.97 a barrel on the New York Mercantile Exchange. The investment bank also warned that the markets have become overly optimistic on oil prices since the Organisation of Petroleum Exporting Countries (OPEC) deal was announced almost four months ago, adding that shale output could come in higher than expected this year, thus disappointing those expecting higher oil prices. Gold prices rose on Monday after US President Donald Trump's failure to pass healthcare reform raised doubts over his ability to push through his economic agenda.

Name S3 S2 S1 Pivot Points R1 R2 R3

EUR/USD 1.0809 1.0818 1.0832 1.0841 1.0855 1.0864 1.0878

USD/JPY 109.68 110.05 110.31 110.68 110.94 111.31 111.57

GBP/USD 1.2465 1.2478 1.2495 1.2508 1.2525 1.2538 1.2555

USD/CHF 0.9857 0.9868 0.9875 0.9886 0.9893 0.9904 0.9911

USD/CAD 1.3270 1.3297 1.3313 1.3340 1.3356 1.3383 1.3399

EUR/JPY 119.19 119.48 119.70 119.99 120.21 120.50 120.72

AUD/USD 0.7611 0.7618 0.7625 0.7632 0.7639 0.7646 0.7653

NZD/USD 0.7019 0.7024 0.7035 0.7040 0.7051 0.7056 0.7067

EUR/GBP 0.8649 0.8656 0.8662 0.8669 0.8675 0.8682 0.8688

EUR/CHF 1.0702 1.0707 1.0712 1.0717 1.0722 1.0727 1.0732

GBP/CHF 1.2332 1.2341 1.2354 1.2363 1.2376 1.2385 1.2398

GBP/JPY 137.59 137.90 138.13 138.44 138.67 138.98 139.21

Gold 1233.36 1237.68 1245.21 1249.53 1257.06 1261.38 1268.91

Silver 17.726 17.763 17.809 17.846 17.892 17.929 17.975

Brent Oil 50.66 50.78 50.95 51.07 51.24 51.36 51.53

Crude Oil 47.72 47.85 48.02 48.15 48.32 48.45 48.62

Daily Support and Resistance LevelsDate Time

(GMT)Cur. Impact Event

MonMar 27

9:00am EUR High German Ifo Business Climate

9:00am EUR Medium M3 Money Supply y/y

9:00am EUR Low Private Loans y/y

6:15pm USD Medium FOMC Member Evans Speaks

11:00pm AUD Medium RBA Assist Gov Debelle Speaks

11:30pm USD Medium FOMC Member Kaplan Speaks

Economic Calendar

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Risk Warning: The trading of complex financial products such as foreign exchange, CFDs and Binary Options involves a high level of risk and may not be appropriate for all investors. There is possibility that investors may lose more than their initial investment.Disclaimer: The information in this review comprises market updates and personal opinions and should not be taken or misunderstood as investment advice.