GEOtradex

GEOtradex Market News The markets got yet another boost in their sails to start out the week, this time likely due in part to chatter coming out of the FED that they do not have any intentions of slowing down or tapering off the current quantitative easing program in place.  What does that mean?  Simple,…

GEOtradex Market News US indices are in the middle of a great session as the weekend fast approaches.  The Dow is currently up 56 points to 15,290 after an early morning pop that has managed to hold strong throughout the session.  The Nasdaq is up 16 points to 3,481 and the S&P is up 8…

GEOtradex Market News Here we are midweek and ready to discuss yet again what is seemingly becoming the newest trend, that being the constant push into higher territory across the U.S. indices.  At last check, the DOW appears to have just put in a day high, now up 66 points to 15,281 and a strong…

GEOtradex Market News It was another slow day across the US indices as the markets chopped around just above and below settlement depending on what time you caught a glimpse.  The DOW is currently down 34 points at 15,084 after an early morning drop that put in the day low at 15,053 before slowing rising…

GEOtradex Market News After a strong push yesterday higher into the 15,000 level on the DOW, the indices are just hovering around settlement for the moment.  At last glance, the DOW was down just 3 points to 15,102 after a very tight trading session so far this morning.  The NASDAQ is bucking the trend at…

GEOtradex Market News Monday’s here but the markets appear to still be on their weekend.  It was a slow back and forth as the indices flirted with gains in losses but when the closing bell rung, there wan’t too much to write home about.  The DOW managed to lose just 5 points after a relatively…

GEOtradex New Update It was a rough start to the month for U.S. indices as an early morning opening right around settlement ended up in a full day sell off.  Closing out the session down 139 points to 14,701, the DOW got the worst of it, losing almost a percentage point.  The Nasdaq lost 30…

GEOtradex Market News The markets had a fantastic start to the week as we got a good look at green across the board.  Equities, commodities and a ton of other sectors were on the move and in the right direction.  The DOW managed to close out the day with a triple digit gain, closing up…

GEOtradex Market News Markets opened in positive territory Wednesday but spent the better portion of the session pushing into lower levels.  The DOW opened at 14,747 but quickly dropped below settlement and spend the day oscillating back and forth in the red before closing out down 43 points to 14,676.  The Nasdaq gained just a…

GEOtradex Market News It was an interesting day on Wall Street as indices opened and pushed hard into positive territory.  The DOW managed to pick up 152 points to close at 14,719 after an early morning pop that held strong throughout the day.  The Nasdaq added 35 points to finish at 3,269 and the S&P…

GEOtradex Market News The Dow popped on the open Tuesday quickly regaining some of points lost earlier on Monday.  Closing out the day up 158 points, the DOW managed to settle at 14,757 after and early morning surge that found even more strength into the afternoon.  As for the Nasdaq, the session was just as…

GEOtradex Market News In yet another impressive rally for Wall Street, new highs have been etched in the record books as trading closed out the day on Thursday.  After gaining 63 points to close at an all time high of 14,865, the DOW seems to be on an untouchable path as it continues higher into…

GEOtradex Market News It was another impressive push into record highs Wednesday as markets powered into a solid close.  An early morning pop across the indices managed to maintain it strength throughout the trading session and the close was yet another for the record books.  Finishing out the day up 129 points, the DOW closed…

GEOtradex Market Updates It was a rough start to the day Monday as indices opened in the red and looked as though they´d spend the day there.  With earnings season fast approaching, many analysts are becoming cautious as to what the markets may do as news and data begins to make it`s way to the…

GEOtradex Market News Thursday’s trading activity gave us a good look at just what a roller coaster the markets can be.  The DOW opened high and quickly put in a day high at 14,625 before immediately selling off back towards settlement only to repeat the large up and down volatile spikes for the remainder of…

GEOtradex Market News Well it looks like this might be the start of a pullback here as Wednesday gave us a look at red across the board.  The DOW just now broke a triple digit loss but has since come back and is currently trading down 97 points to 14,563.  The Nasdaq is seeing the…

GEOtradex Market News The overall sentiment on the markets has begun to take a turn as analysts from across the big firms on Wall Street are now talking about a looming correction.  It was a relatively quiet day across the U.S. indices with the markets opening in positive territory but quickly pushing over into the…

GEOtradex Market News The markets started out the session in deep negative territory right after the opening bell but quickly turned up the gas and started moving back towards settlement.  The Dow down at one point 120 points managed to claw its way back up to finish out the session down 34 points to 14,526….

Index News It’s been a slow start to the week as the U.S. indices have spent the better part of Monday’ session pushing lower into the close.  The DOW is currently down 71 points to 14,441 after putting in a session low of 14,395 just after 1:00pm.  The Nasdaq is down 12 points to 3,233…

Index News Wall Street got some wind in its sails heading into the weekend Friday as the indices rallied across the board.  Opening up the session in higher territory, the market maintained these levels throughout the day.  The DOW added 91 points to close up at 14,512 with the Nasdaq picking up 22 points to…

Index News The markets U.S. indices opened modestly higher Wednesday ahead of a much anticipated FOMC announcement.  The DOW was up triple digits at the start of the day and has since slowly tapered off but after the announcements about half an hour ago, the index shot right back up.  The DOW is currently up…

Index News The U.S. markets opened bright red this morning, with the DOW down well over 100 points as investors got a look of the week ahead of them.  Though down triple digits just a few hours ago, the DOW has since powered back and is currently off just 16 points to 14,496.  The Nasdaq…

GEOtradex Market News Yes, you read that right.  The DOW’s close today in the green marks the longest winning streak for the index in 17 years, putting in an eight day streak way back in 1996.  Quite impressive actually considering this also coincides with the DOW’s all time record highs.  The DOW closed up just…

GEOtradex Market News Monday’s session marked the seventh day positive streak for the index, a span that hasn’t been seen in just under a year.  The DOW closed out the session at yet another all-time high, adding on 50 points to settle at 14,447.  The Nasdaq had a slow session just chopping back and forth…

Indices Another quiet day across the US indices Wednesday with the DOW the only index pulling in gains worth talking about.  Setting yet another all time high at 14,321 earlier in the session, the DOW closed out the day up 42 points to settle at 14,296.  The Nasdaq chopped around settlement for the better portion…

Thursday’s session marked a crucial moment for the indices across Wall Street as the DOW broke its all time high record set back in October of 2007.  Closing out the day up 126 points to 14,254, many now are asking whether this a a new ceiling or a rally point into higher territory.  The Nasdaq…

The markets  opened right around settlement this morning, flirting with gains and losses as the morning progressed.  Eventually, the positive sentiment took over and led the indices into a green close for the session.  The DOW picked up 38 points to close at 14,128, marking its second-highest close since its all time record set back…

News Flash What started out as a choppy week with triple digit gains and losses back to back has led to a slow start to the morning here on Thursday.  All is quiet across the U.S. indices as the markets flirt with settlement and lack any real conviction in terms of a possible sustained move…

The US markets got a little love Wednesday as Pending Home sales data was released showing numbers not seen since April of 2010.  Fed Chairman Ben Bernanke also made comments attempting to quell fears that there would be an end to the quantitative easing programs in the near term.  The DOW took off on the…

The roller coaster is back in town in full swing after yesterday’s massive sell off into the close after the Italian election and vote stirred up some worries across Wall Street.  But here we are this morning on the opposite end of the spectrum with the DOW heading towards a triple digit recovery.  At last…

The indices may be heading into the red this morning but the big news are some sharp rebounds across the commodities sector.  After heavy negative volume last week, pushing Gold and Silver to new six-month lows, Monday morning seems to be the tale of the comeback kid or kids in this case.  At last glance,…

Another choppy morning has turned into a solid push into positive territory Friday morning as the DOW, Nasdaq and S&P are all putting in some healthy day highs as we speak.  At last glance, the DOW is up 89 points to 13,970 with the Nasdaq adding 22 points to 3,153 and the S&P tacking on…

The markets are off to the races this morning with some worries still plaguing investors after yesterday’s Fed Minutes were released.  It’s been a slow sell-off so far this morning with the DOW off 62 points at last glance down to 13,866.  The NASDAQ has shed 20 points and is right around the 3,144 level…

The markets opened just below settlement early Wednesday and quickly formed what appears to be the day high before tumbling into the red.  At last glance, the DOW is currently down 27 points to 14,009 with the NASDAQ off 20 points to 3,194 and the S&P down 7 points to 1,524.  Gold futures are taking…

OVERVIEW   The Dow Jones (13981.76, +0.06%) took a day off yesterday in observance of President’s Day.  It retains its sideways trend in the narrow 13850-14050 range.  The Asia-Pacific region is mixed: ASX (5093.60, +0.21%), Hang Seng (23348, -0.15%), and Nikkei at (11395.16, -0.11%). The Nikkei is trading slightly lower today after a strong performance…

OVERVIEW The Dow Jones (13981.76, +0.06%) closed higher but remained in the narrow 13850-14050 range. Market direction is becoming very difficult to gauge here as each day brings only minor changes either positive or negative.  At some point here though, everyone is looking for a definitive change in direction with some conviction.  The Asia-Pacific region…

  The main event yesterday was an abrupt reaction of the British Pound to the issue of inflation report of the Bank of England, where King confirmed that inflation would remain high and the growth pace would be slow. Other currencies tried not to over perform ahead of G20 meeting. As a result, the Euro closed near 1.3440 and the…

  Equities are generally on the rise. Dow Jones (14018.70, +0.34%) continues to fluctuate within a tight range between 13850 and 14050. If the rate doesn’t drop to the lower boundary of 13850, it will suggest that it is strong within the range. The most essential event for America is US Retail Sales that are expected to grow. Such piece of…

The US Dollar strengthened its positions last week. Risky assets were under moderate pressure most of the week after a significant appreciation during a prior period. In particular the US indices made serious attempts twice to get away from their multiyear maximums, losing during trading sessions more than one percent. The profitability of 10 year…

  Dow Jones (13986.52, +0.05%) was flat yesterday. Apparently it’ll continue to trade in a narrow range 13850-14050 for a while. Asia-Pacific region is mixed: ASX (4957.20, +0.34%), Hang Seng (23174.30, -0.36%), and Nikkei (11374.79, -0.78%). Nikkei regardless of tradingin red has potential to grow in the direction of12000 if it holds above 11000. Commodities’ market is relatively quite. Oil is flat with amidterm bearish bias. Precious metals retain their mixed and ranged trends. Oil (96.69, +0.07%) has fallen from…

OVERVIEW   Last week the US Dollar continued to be under pressure, while demand for assets associated with risk was constantly growing. That triggered sales of defense instruments. The macroeconomic statistics from the US and the leading economies of the world had a positive sentiment and strengthened hopes that the growth of the global economy…

OVERVIEW Retail sales in Germany depreciated by 1.7% (the biggest dip since June 2011). At the same time the unemployment rate continued to reduce and went down to 6.8%. So the amount of unemployed significantly dropped, though otherwise anticipated.  The German minister of economy emphasized an improvement of the situation in 2012. The labor market…

Daily Market Review Jan 31st   U.S. equities retreated from five-year highs on Wednesday after it was reported that the U.S. economy shrank in the 4th quarter for the first time since the recession ended, hurt by the 6.6% decline in government spending. The Commerce Department reported yesterday that the U.S. gross domestic product contracted…

EQUITIES A few words about equities. Dow Jones (13954.42, +0.52%) moved further up and is approaching 14050-14100 resistance. If it is broken, further gains on the upside are possible. Asia-Pacific region is mostly up: ASX (4922.10, +0.23%), Hang Seng (23888, +0.98%), and Nikkei (10986, +1.10%). The latter one is trading higher near its resistance around…

Daily Market Review Jan 29th   U.S. markets ended mixed on Monday after weak pending home sales data erased earlier gains from a better than expected durable goods orders and a better than expected fourth-quarter earnings reports. The U.S. Census Bureau reported Monday that total durable goods orders, which include transportation items, rose by a…

OVERVIEW As the first month of the year comes to an end, there are events that bring excitement to the markets:  a decision of Fed after QE4, the first release of Q4 GDP and the Non-Farm Payrolls are the highlights. In the USA a second consecutive decrease of jobless claims gives hope for a recovery…

Daily Market Review Jan 23rd U.S. exchanges rose on Tuesday despite disappointing figures out of the housing market, on growing hopes that fourth-quarter earnings will come in better than once feared. The National Association of Realtors said that December existing home sales fell to 4.94 million units from 4.99 million in November, November figures were…

Jan 18th U.S. soars on Thursday after economic an official data showed an encouraging data in the housing and labor markets, two areas that is marked as a turning point in the recovery of the world’s largest economy. The U.S. equities are now trading near five-year high. The trigger for the market rise was data…

The European and the U.S. markets closed mixed on Wednesday, despite a better than excepted Earning reports by the bank giant’s JP Morgan Chase and Goldman Zacks, as concerns over the outlook for global economic growth weighed on investor confidence. Sentiment weakened yesterday after the World Bank sharply revised its 2013 outlook for the world…

Jan 16th World markets slipped on Wednesday as poor economic data from Europe and re-emerging concerns regarding the US debt ceiling continued to weigh on market sentiment.  In an economic data releases yesterday, New York Manufacturing index contracted in January for a sixth straight month while Retail Sales in the world’s largest economy rose by…

Daily Market Review Jan 15th U.S. stocks ended Monday’s session largely mixed after Bernanke’s speech, Apple reports and rumors regarding decreased iPhone orders and the computer giant Dell rumored to be in talks to take the company private. In a highly anticipated speech on the economy and monetary policy held yesterday, Fed Chairman Bernanke said…

Weekly Review American indices closed the first week of the New Year with a record growth in recent 13 months after reaching the agreement between republicans and democrats, that enables the US to avoid falling from the Fiscal Cliff. Further stimulating threatens the trust to the FRS by American banks and citizens. The efforts of…

OVERVIEW Dow Jones (13471.22, +0.60%) had a positive trend yesterday. It brings it close to its resistance at the levels of 13500 and 13650-700.  The rise to 13700 is possible, but in order to do so the strong break above the resistances is needed. In case it occurs, we might see a strong rally. At…

OVERVIEW The Euro seems to be indecisive against most of the other market currencies. One of the possible reasons is the approaching European Central Bank (ECB) rate announcement today at 12:45 GMT. The forecast about the ECB action is that the bank is going to leave the rate unmodified. So the essential event might come…

General Yesterday’s U.S trading session closed with minor falls of up to 0.4% in the Dow index and 0.23% in the Nasdaq, however Asia managed to finish on the positive side with gains of up to 0.7% in the Japan. U.S futures are currently slightly positive and it seems that markets are at a waiting…

OVERVIEW In recent 24 hours the US Dollar lost 0.5-1% to all major currencies and even Yen. Analysts assume that it is related to the coming changes in the US government. Already this week Barack Obama might announce the name of a new finance minister of the US. Most likely it’ll be Jimmy Lew, who…

January 7, 2013 OVERVIEW In connection with the solution of the Fiscal Cliff issue in the USA, the euphoria with market opening on January 2 2013 passed away swiftly. The market opened with gaps against the Dollar. Afterwards the US currency started an attack on other currencies on the narrow market. The US managed to…

OVERVIEW   President Obama has managed to increase taxes. Disrupting all possible deadlines, American congressmen in the new year of 2013 eventually voted for a compromise decision between republicans and democrats that enables to prevent the so called “fiscal cliff”. They succeeded to avoid new recession, but a lot of the key issues remained unresolved….

OVERVIEW Except for the Euro, which was negatively affected by EU manufacturing data, most higher-yielding currencies and commodities were in an upward movement yesterday. Analysts explained the bullish movement by investors’ risk taking, after in the US it was agreed in a last minute deal on measures to prevent the so called “fiscal cliff”. Basically…

  The first trading session of 2013 started strongly, as appetite for riskier assets strengthened after U.S. lawmakers reached a deal to avert the fiscal cliff crisis. The U.S. House of Representatives voted Tuesday night in favor of a deal to avert the fiscal cliff, approximately USD600 billion in automatic tax hikes and spending cuts…

December 31, 2012 OVERVIEW Last week the situation with a fiscal cliff wasn’t resolved. As usual they’ve waited till the very last moment in order to keep traders on their toes before the New Year. Perhaps the agreement will be signed just by midnight, when all markets are closed. On Tuesday because of Christmas financial…

OVERVIEW New home sales were a bit disappointing. Dow Jones (13096.31, -0.14%) has recovered from its recent low, as President Obama and the law makers will continue the talks about the fiscal Cliff today. While Dow stays below 13200 a dip to 12900 can still be seen.  The Asia-Pacific is in green, including ASX and…

Daily Market Review Dec 27 The market closed in another loss Wednesday as trading resumed following the Christmas vacation. Stocks sold off for nearly the entire session on a very light volume. It appears traders are in no hurry to get back to markets after the Christmas, and most likely waits for more definitive word…

December 24, 2012   OVERVIEW The IMF is worried that Cyprus by accepting debt responsibilities for recapitalization of banks might push the debt to unviable level. In its turn it disables the IMF from participation in forming of the aid package. Cyprus has to pay salaries and fulfill other obligations. That’s why there is a…

Dec 20th U.S. equity markets sold off and close at session lows yesterday as talks to avoid a year-end fiscal crisis turned sour, even as investors still expect a deal. President Barack Obama and congressional Republicans are struggling to come up with a deal to avoid early 2013 tax hikes and spending cuts that many…

With the Holidays fast approaching, please be aware that certain markets will be closed at varying times.  The most notable closures occur on December 24th, 25th and 26th and closer to New Years with the markets also closed on December 31st and January 1st.  On behalf of all of us here at GEOtradex, Happy Holidays…

Low prices for natural gas continue to give support to American industrial sector, what will help the Dollar to appreciate next five years as analysts predict. They mark that in time the American currency will start growing against most of the currencies. The main threat to this scenario is the monetary policy of the FRS….

Recently analysts expressed a few radical ideas about the nature of the crises. They state that the slowdown of the growth in developed countries is the result not only of financial crises. Basically they claim that the weakness of the countries reflects long stagnation of technologies and innovations. Because of that reason the stable growth…

OVERVIEW Analysts prepared a few scenarios of the economical and political situation development in the EU. Chances of Greece and Portugal to stay in the Euro zone are estimated around 10%. The most probable scenario is a slow collapse of the EU monetary union with a gradual exit of the problematic a countries, accompanied by…

Financial repressions occur in situations when countries are taking measures to attract investments, which in conditions of unregulated market would go in some other direction. For instance, in a lot of countries the state introduced the regulation rules in the banking and insurance sectors aimed at increasing the volume of the governmental debt on the…

OVERVIEW Traditionally by the end of every year the American currency experiences enhanced demand. This year is quite different in this respect. The increased demand now is for the Euro. Analysts presume that the current growth of the Euro is related to the weakness of the US Dollar. Growing concerns about the American economy give…

  OVERVIEW According to an opinion of the head of the Bank of England Mervyn King the group of the G20 countries has to activate their efforts in order to resolve global imbalances. Otherwise there will be more countries which will start to use rates as a part of their monetary and credit policy. From…

  OVERVIEW After weeks of stagnation the EU made a step towards a new program of financial aid to Greece. Nevertheless, Europe reluctantly starts to understand that it has to pay for keeping Greece in the union. Athens will at last get 34.4 billion Euros. Still the measures undertaken in order to relieve debts still…

The IMF is planning to add the Australian and Canadian Dollar to the list of the reserve currencies. It might decrease the level of fluctuation of their current rates and to increase their attractiveness for investors. The adding of the status will also reduce the correlation of Aussie and Loonie with stocks and commodities. In…

  The US markets closed mixed yesterday in a volatile session follow president Obama comments and a massive sell-off in the world largest company, Apple. The Dow and the S&P500 did close higher but the Nasdaq composite close far behind with a 0.77% decline. The entire fall in the Nasdaq composite yesterday can be attributed…

OVERVIEW   Taking to consideration the macroeconomic situation in the world the appreciation of the US Dollar is anticipated in the midterm. Nevertheless in the short run the technical indicators suggest the growth of other major currencies other than the Japanese Yen. Anyway there are two more weeks before the elections in Japan so the…

U.S. stocks closed lower Monday, after a plunge in U.S. manufacturing activity hit Wall Street stocks. But, the decline was capped by Treasury Secretary Timothy Geithner words with regards to the “fiscal cliff”. At the close of  U.S. trade, the Dow Jones Industrial Average fell 0.46%%, the S&P 500 index dropped 0.47%, while the Nasdaq…

OVERVIEW   Busy week ahead in terms of market data so keep an eye on the news releases as they hit the markets. In the beginning of 2012 the head of FRS Ben Bernanke used an expression “a fiscal cliff” in order to attract attention to the woe. He emphasized the threat to America from…

OVERVIEW   China might become the main power on the world stage while the dominating role of the US may begin to decay. If China wants the Yuan to have the status of a global reserve currency, then China will have to work hard to bring it to the global market. At the moment the…

Nov 29th   After a disappointing opening yesterday both in the US and in Europe, market shrugged off early loss follow President Obama speech in regards to the US “fiscal cliff”. President Obama didn’t say much but we did use the words “I will do whatever it takes” and he did express optimism that it…

November 28, 2012 OVERVIEW   The key question in Europe at the moment is saving countries and recapitalization of banks. In the US attention of all is focused at the negotiations about the fiscal policy. The interest for risky assets has declined. Analysts assume that next year the Dollar will appreciate against the Euro and…

Positive sentiment spread up in the markets today after the EU and IMF policymakers struck a deal, late last night, on Greek debt-reduction targets in a move that will free up financial aid for the country and prevent a default. Greece’s international lenders agreed on a package of measures to cut Greek debt to 124%…

November 26, 2012 OVERVIEW The relations between the UK and the EU continue to deteriorate. Both sides are talking about perspectives of parting. The probability that Britain eventually will leave the EU is constantly growing. The survey recently showed that 56% of the UK citizens would like to leave the EU. In Brussels nowadays officials…

Note: Markets are on a half day schedule today.  Closing at 1pm EST.   The European economy is on the brink of the weakest quarter from the beginning of 2009. The surveys show that the companies continued to register the reduction of orders. The service companies bore the brunt in November and laid off personnel…

OVERVIEW   Traditionally an abrupt decline of the global stock markets and of the commodity prices was an essential support for the US Dollar. Amid analysts this kind of situation is known as decline of interest for risky assets among, which the Euro was seen quite often recently.  Whatsoever any downgrading of the credit ranking…

Wall street climbed nearly 2 percent yesterday thanks to expectations that U.S. Congress will reach a compromise to avoid $600 billion in tax increases and spending cuts due to start in January – the “fiscal cliff” that threatens to derail the U.S. economy. Despite the positive sentiment in the markets, ratings agency Fitch did warned…

OVERVIEW The debt crisis is worsening in Europe leading European officials to take reasonable actions now, after ignoring the deep economics principles at the time of creation of the monetary union more than 10 years ago.  In the US there are also difficulties in the economic development. But the American system turned out to be…

Daily Update The financial markets have been divided. The sales of risky assets continue on securities’ markets while in other segments reserved purchases have started. EURUSD yesterday managed to grow away from weekly minimums. Some analysts tend to regard the trend of the EURUSD as sign of Euro stability and assume that the correction might…

The markets haven’t reacted all that positively to President Obama’s first press conference since his re-election yesterday, in which he held to his position that marginal tax rates will have to rise to tackle the nation’s deficits.  With talks of the “fiscal cliff” in early stages, investors are reacting to the uncertainty by closing out…

Nov 14th   Concerns about the looming “fiscal cliff” in the US and concerns regarding Greece fiscal budget kept investor activity subdued yesterday leading the markets to a negative territory in the final hour of trading. Investors remained concerned over the looming “fiscal cliff” in the U.S., approximately USD600 billion in automatic tax hikes and…

Nov 13th   Following the worst weekly drop in four months, US Stocks fluctuated yesterday only to end flat as investors embraced the Veteran’s Day holiday and await the negotiations regarding the “Fiscal Cliff” talks in Washington. Concerns over Greece also weighed on the markets after officials from the International Monetary Fund and Europe failed…

November 12 2012 OVERVIEW The main events last week without a doubt were the meeting of the ECB and the comments of its head Mario Draghi. The market participants were quite disappointed by the results of the elections. After the announcement of the European Central Bank about the economic growth in the region being under…

General. With Obama, a supporter of the current expanding monetary policy of Q.E’s and low interest rates winning the U. S Elections. the euro got some support. Key data to watch today: 10:00 E.U retail sales. 15:30 U.S – Crude oil inventory Technicals Starting with the basics Long term resistance tested recently at 1.318 and…

Weekly market Review   Nov 5th Last week ended with a strong surprise to the upside after the U.S. Bureau of Labor Statistics revealed that the U.S. economy added 171,000 jobs in October, beating out analysts’ calls for a gain of 125,000. This data has probably given US president Barak Obama a few points in…

Daily Market Review   Nov 1st The Markets searched for direction yesterday after mix data out of Europe and after two days shut down in the US following super storm Sandy. In a press conference yesterday, Spain’s prime minister said that an agreement on direct bank recapitalization is getting closer and that such an agreement…

Daily Market Review   Oct 30 U.S. markets were closed yesterday and will be closed today as Hurricane Sandy is moving across the coast of Mid-Atlantic States. It looks as if the first damage assessments were overblown as the tropical storm weakens. The initial damage estimates now stands on around 7B, which is more or…

  October 29 2012   OVERVIEW The decision of the FRS of the USA to start the third round of QE3 raises three important questions. Will QE3 be able to stimulate the economic growth in America? Will it lead to the stable growth of the risky assets (in particular of the US and other stocks)?…

Daily Market Review Oct 26 European stocks declined on Friday, as disappointing earnings reported and gloomy numbers out of Spain weighed on market sentiment, while uncertainty over a potential bailout for Spain persisted. After the bell yesterday, Apple, the world’s largest company by market cap delivered a second straight quarter of disappointing results as iPad…

Daily Market Review Oct 25th The US Federal Reserve announced no new measures at the end of a two-day meeting Yesterday. The central bank said the economy is still expanding moderately but that growth has been slow and unemployment remains elevated. On his previous Fed meeting in September, he announced a new quantitative easing program…

Daily Market Review   Oct 23rd   Market sentiment remained on the negative side today after ratings agency Moody’s cut the credit ratings to Spain Largest region and another four other Spanish regions late Monday, citing their worsening liquidity positions and predicting that these regions are likely to ask the central government for aid in…

October 22 2012   OVERVIEW   The US Dollar is trying to find the bottom after a dip triggered by an announcement about the third stage of the quantitative easing (QE3) that is supposed to reduce the collateral risks in the economy. On the contrary the Euro is making attempts to find some political premises…

  October 12 2012 OVERVIEW Among analysts worldwide there is a growing concern that the probability of Euro zone remaining in the current state is quite small. As for a lot of participants the only way to revive their national economies will be abandoning of the union. One of the main principles of the united…

Daily Market Review Oct 11th Global growth concerns continued to weigh on the market sentiment yesterday, while investors eyed on quarterly earnings reports to be published this week. The International Monetary Fund warned yesterday that the euro zone crisis remains the greatest threat to the global economy and warned that policymakers need to urgently strengthen…

Daily market review 09\10\2012 General Today is a crucial day as market will hear ECB president describes its economic outlook and monitory policy. We expect the ECB the support the already beaten markets, with an outlook for a low interest rates and further monetary expansion. Key fundamentals to watch today: 7:30 ECB president speaks. 12:15…

Weekly Market Review Oct 1st The 3rd quarter has come to an end, Once again, Europe was its primary concern but, unlike in the past, the euro zone actually made real progress in fixing the euro crisis during the last three months. European Central Bank president Mario Draghi kicked off the wave of optimism by…

September 24, 2012 OVERVIEW Close of Friday with a weekly depreciation against the Dollar happened against the background of resuming concerns about the perspectives of the European economy and the decline of euphoria triggered by the launch of QE3 in the USA. The majority of the countries in the EU are still in recession, so…

September 19 2012 OVERVIEW After reaching 4 month maximums on Friday September 14 and after their second testing on Monday September 17, the rate of the Euro during trading developed downward gradual correction and the rate tested the area of 1.3030. The pressure on the European currency was made by the figures of the German…

September 18 2012 OVERVIEW The euphoria that was at the market last week is gradually disappearing. Now when traders look at the situation more objectively, they see that the European currency looks overpriced. On the agenda there is Spain again or to be more exact the talks about time, when the country will officially ask…

September 17 2012 OVERVIEW The problems faced by the head of the ECB are much more complicated than those of their colleagues in Washington or London. Ben Bernanke doesn’t have to worry about not letting California out of the Dollar union even though Sacramento doesn’t have the best credit rating. But as for Mario Draghi…

Daily market review 11/9/2012 General As market participants wait for the possible announcement of a third QE this coming Thursday, equities and commodities are at their year highs. On the stocks front, apples have dropped in yesterday’s session over 2%, indicating a possible short term top for the current rally. Tonight was a relatively negative…

General Markets have continued in their slightly positive sentiment, ignoring the negative NFP data published last Friday, ending positive in a very volatile session. Positive sentiment is backed up by market expectation for an E.U bond perchance by the ECB. Key market data to watch for this week. 10.9 11:45 Troika visits Greece. 19:00 U.S…

OVERVIEW Last week didn’t have any special events for essential moves of currencies. The ECB completely refuted rumors about limitation of the profitability growth of peripheral obligations. Officials couldn’t give any clear comments about the further destiny of Greece and the data from Germany confirmed presence of negative trends in its economy. Market participants are…

August 31 2012 OVERVIEW Equities are weak ahead of Bernanke’s speech today. Their technical picture doesn’t look good as well. The Dow Jones (13000.71, -0.81%) as anticipated has broken its support at 13096 and is moving down approaching 12950 in the short run. The Nikkei (8884.51, -1.11%) also crossed its support level of 9000 and…

Daily Market Review European stocks were lower on Thursday, as uncertainty over whether world central banks are about to announce fresh stimulus measures to boost growth weighed on market sentiment. Investors continued to look ahead to a speech by Federal Reserve Chairman Ben Bernanke at the central bank’s annual symposium in Jackson Hole, Wyoming on…

Weekly market review 20\08\2012–08–20 Positive macro data and traders sentiment from the U.S and Europe has helped the main indices to continue their sixth positive weekly session. We believe that as long as the positive sentiment and stability messages continue to come from the E.U central bank and Germany – the markets will continue their…

Daily Market Review Aug 17th German Chancellor Angela Merkel spoke yesterday in support for European Central Bank’s efforts to contain the debt crisis in the euro zone, boosting demand for riskier assets including Currencies, equity and Commodities. Speaking at a press conference on Thursday night German Chancellor Angela Merkel expressed her support for the ECB’s…

Daily Market Review Aug 16th Another round of mix macro data came out yesterday which sends the markets looking for direction as they did for the entire week. On the positive side, industrial production in the U.S. rose more than expected in July. This data came one day after a report showed that U.S. retail…

Daily Market Review Aug 10th Market sentiment returned to be under pressure yesterday and early today as optimism that the ECB will soon move to cut high Spanish and Italian borrowing costs faded as investors waited for more details of the bank’s proposed bond buying program to emerge. Growth concerns also re-emerged after the ECB…

Daily market review 9\8\20212 Yesterday markets continued their positive trend, ignoring slightly negative data released from Germany and the U.K. Today European markets are calm, with zero change compared to yesterday’s close. Key market data to watch today: 12:30 U.S initial Jobless. 14:00 U.S wholesale inventories. Technical’s. Euro – next resistance that is expected to…

Daily market review 07\08\2012 Markets continue with their positive sentiment, due to last week’s positive NFP data, and market expectation for central banks backing of the economy, mainly from the U.S and E.U. Bernanke is expected to hold a press conference today, a hint of a possible further monetary easing and expectations for a market…

Weekly Market Review August 6, 2012 A global equity rally reported on Friday as the demand for risk appetite returned after a strong U,S employment numbers combined with positive comments out of the ECB president Dragi regarding a new bond buying program. On Friday, the US Labor department reported that the U.S. economy added a…

Daily Market Review August 3, 2012 The Markets fell yesterday after ECB president Mario Draghi disappointed market expectations for bold easing measures at a press conference on Thursday. By the end of the trading day the EUR fell 250 pips, Spain 10 year bond jumped 7% to 7.2%, the Spanish Ibex fell 5% and Italy…

Daily Market Review July 25, 2012 Yesterday was the third consecutive day of decline in the equity markets around the world amid fears over a Greek exit from the euro and that Spain will need a full scale bailout. The US index closed well off their intraday low but they did lost 2.80% over the…

Daily market review: Markets are still negative after another bull annihilation published by Moody’s of a negative outlook for the Euro zone core economies. Finland was the only bright light from Moody’s outlook – affirming stability of its Aaa rating. While the sell off the main European indices was dramatic – between -2% to -7%,…

Daily market review 19\07\2012 Market will monitor the 10 year Spanish auction; a successful auction with yield in the secondary markets of below 6.5% will be considered a relative success. In the U.S, equity markets have rose to a two month high, with a positive signal from a main market leader – IBM, which released…

Federal Reserve Chairman Ben Bernanke offered a downbeat view of the U.S. economic outlook yesterday, but failed to explicitly indicate if additional stimulus measures are imminent. In his testimony on Tuesday, Bernanke said the economic recovery was being held back by anxiety over Europe’s debt crisis and the path of U.S. fiscal policy, and he…

Daily market review 11/07/2012 The U.S dollar continues to stay strong against most currencies in the last trading days, as it seems tha5t investors are reluctant to be optimistic without a new stimulus from the U.S Federal Reserve. Today’s FOMC (18:00 GMT) might shed light if, how and when such a monetary easing will happen…

July 10 2012 OVERVIEW The analysts of the leading banks state that the worst period for the Euro is already behind and this opinion contradicts the anticipation of traders who forecast the deterioration of the economic situation in Europe and also the deepening of the sovereign debt crisis. After the results of the EU leaders…

As we enter the earning season investors will keep an open eye on Google and JP reports that represent an excellent indicator to the financial and tech/web sectors. The U.S dollar opened stronger against most asset classes: stronger against the Euro and the gold compared to Fridays close. Fridays NFP data, failed to boost investors…

Daily Market Review 6th July 2012 Following yesterday’s European Central Bank ECB concentrated its standard rate low up to 0.75%, by means of Europe’s debt crisis restriction on development across the continent plus damping the positions for the global economy, the European Central Bank ECB was underneath strains to relieving strategies, by cutting it’s deposit…

Daily Market Review 29th June 2012 The meeting of European leaders in Brussels ends after 12 hours long discussions overcoming Euro Crisis, the leaders of the 17 European countries developed a nearer to resolving the immediate pressing crisis, reducing necessities that governments received favored in creditor condition on providing crisis finance to Spanish banks as…

Daily Market Review June 28, 2012 The EU summit comes into action today, and with the expectations to come up with a comprehensible plausible solution to shore up the EU crisis is at the bare minimum. Germany Markel’s comment regarding a Euro bonds solutions and I quote “over my dead body…” increased the fear that…

After another negative session in Europe and the U.S, It looks like the equity markets have not fully completed their last bearish (negative) cycle. Today’s Asian session was not a positive one as well with the main Asian index dropping up to 1%. Investors are waiting to hear for developments and decisions with regard to…

The markets and commodities were mostly down Friday after a weaker economic growth data. The Euro area manufacturing PMI fell from 45.1 in May to 44.8 this month, the lowest level in 3 years. The preliminary reading of the HSBC Chinese PMI index was 48 in June, the eighth month below the 50 level, which…

Daily Market Review 22nd June 2012 Modification slowed down along with the Greek privatization plan was put on hold. As a effect, the nation needs to put together up for lost time, and it would be considered an illusion to combine Greece to the present situation. The Euro’s after that step is on behalf of…

June 21 2012 OVERVIEW Analysts worldwide mark that Euro buyers in the near future shouldn’t count upon more or less significant achievements and hope for the correction development might not live up to the expectations. Though the situation with Greece is developing in accordance with the favorable scenario the EU has got a lot of…

Daily Market Review 20th June 2012 During the G 20 meeting the European region leaders gave assurance to take the entire necessary policy measures to secure the currency merger as Spain struggles with a banking crisis, while in Greece all 3 party leaders have committed to organization a government that will maintain Greece’s position in…

Asian markets responded positively to the news that pro-bailout parties in Greece, in particular the New Democracy party, came top in the Greek elections yesterday. There had been fears that if anti-bailout party Syriza had won, Greece could have been forced out of the euro, but the results indicated Greeks favor staying with the euro,…

Daily Market Review 15th June 2012 During the most recent auction yesterday on May 14, the Italian 10 year yield had a loss of 9 base points to 6.13%, stumbled a six day increase. Italy sell out 4.5 billion Euros ($5.6 billion) of arrears, with the yield on its targets for 3 years bond expanding…

June 14, 2012 Markets remained nervous ahead of Sunday’s Greek election. There was little fresh news from Europe yesterday but we did saw yet another disappointing numbers from the US retail sales but a it looks as if only the Greece election outcome influence the markets at the moment. Europe equities markets were mixed in…

I was flipping through the assets to see what sort of setups I could find as the markets head into the final stretch of the day.  I took a look at the currencies and came across a beautiful setup in the NZD/USD currency pair.  As you can see, the price was just starting to test…

Daily Market Review 13th June 2012 The 10-year government dues returns on Spain representation for a day 3 reaching 6.83% which is the highest since 1997 and as predicted. Yesterday the Spain’s standard borrowing expenses move up to a record, raising the anticipation of sovereign bailouts for the government in Madrid and then Italy that…

The optimism surrounding Spain faded as quickly as it gathered pace as investors became increasingly skeptical that the proposed banking bailout plan would succeed in stalling the debt crisis. Yesterday started in a blast up as the market’s “celebrated” the bailout for another European country if only for the briefest of moments. Spain requested and…

Overview: Germany supported European Central Bank’s (ECB) demand on the way to make effort on stimulating economic progress, as per German official’s overruled charges that they are suspicious on economic austerity to battle the debt crisis, the European Central Bank (ECB) official states yesterday that Europe needs development, which is in the form of essential…