WEEKLY MARKET REVIEW − March 20-24, 2017 Fed’s Janet Yellen statement will impact the markets this week Forex NZD/USD, Daily Last week almost all of the major currencies grew against the US dollar. Last week’s most important event was the FOMC Meeting and it did not disappoint. The Fed raised the rates by 0.25%, but Janet Yellen’s statement was softer than what most investors expected. Traditionally, market participants recorded profits after the US dollar strengthened significantly. This week traders are waiting for another Janet Yellen statement. Additionally, the Reserve Bank of New Zealand will conduct its interest rate meeting at 20:00 GMT. This Friday Eurozone manufacturing and services PMI will be presented. On the same day, Canada will report on consumer price inflation. Stocks USA S&P500, Daily Most US stock indices closed last week in the green zone. The main drivers for the stock markets were shares in the financial sector. Investors were waiting for the Fed’s decision on the interest rates. American regulator will not rush with the next increase in rates. This situation makes investing in securities profitable for investors. Meanwhile, the securities market is also reacting to the change in quotations of “black gold”. Last week, oil traded in a narrow range with some pressure down. Nevertheless, the US economy has recently demonstrated a decent growth, which is reflected in the quotations of securities. The focus of attention in the upcoming week will be US statistics, as well as the performance of representatives of the US Federal Reserve. Europe FTSE, Daily European stock markets closed the week with positive dynamics. Meanwhile, the political events of the region drive markets. So, on Wednesday there were elections to the Parliament of the Netherlands. Investors feared that a radical party, which is committed to withdrawing from the European Union, can win the elections. Traders are also worried about Brexit start so UK assets are under pressure. This week EU economic statistics will impact markets. Commodities Brent Oil Futures, Daily Quotations of “black gold” spent last week in a narrow range. Nevertheless, oil grew by 0.4%. Meanwhile, the unexpected reduction of US inventories provided support for oil. At the same time, traders are worried that Russia and Saudi Arabia increased oil production.