Review of Forex, commodities and capital markets

Trading Yesterday marked by lack of direction and low cycles, when traders prefer to sit on the fence and wait for the macro data of the weekend.


Increases began trading goals in Europe in the morning, grew louder toward the afternoon and the positive opening of the U.S. reached its peak and the percentage increases.

However, beyond the U.S. stock market indices decline led the Europeans to offset some visible early.


European indices increases came despite the PMI data were lower than expected, pointing to a sense among European businesses that the situation is not expected to improve significantly in the near future.


Purchasing Managers Index of France was expected to 59.9 against 60.7. Of PMI stood at 58.2 in Germany against expectations of 60.9, and he appealed the Defense about increasing Germany's growth forecast published last week by the German central bank.'s Purchasing Managers Index of all Europe was 55.0 against expectations of 56.3.


Messages on more mergers and acquisitions leading indicators sent the U.S. to open at the beginning of positive passionate trading, while they also attract the indices in Europe with them.


Technical resistance levels reach dealers will not be caught with positions for the weekend data brightening economic picture, led the index relatively quickly erase all the gains in the early and go downs. Rest of the day turned around the natural line with no clear direction, strong sales pressure at the end of the trading day led the indices decline near the end of their daily lows.


Among the interesting acquisitions have an Hewlett-Packard (HPQ) to acquire the company 3Par (PAR) for $ 24 a share, a premium of 33% over the price Dell (DELL) agreed to pay for that company recently.


Potash Corporation (POT) finally rejected numerous attempts to purchase aluminum giant BHP Billiton (BHP) has announced that the search for an investor / buyer then, when market rumors tell of attempts to approach the company purchases its part, the Chinese government.


All the activity M & A (M = M, A = Acquisitions) whether actual or rumored, taken as a positive and pushed the indices in early trading as a percentage of increases.
However, traders showed their insecurity, measured the S & P 500 lost Momentum with its approach to the 1080 points area.


Initial dissolved upon metrics were traded around their natural line (point early in the day), the buyers have not committed additional effort to push the indices up.

Instead, sellers put pressure later led the indices to close the lowest levels for a month. Due to selling pressure voluntary exercise and small private traders holding out at this stage of the stock market.


U.S. Dollar Index strengthened by 0.2% against the currency basket as traders prefer the job security rate, once the leading U.S. indices moved to decline.




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Dow Jones closed a 0.38% decline of the 10 174 gate



Nasdaq closed 0.92% decline of 2160's Gate



S & P 500 closed 0.40% decline of the cover of 1067



Dax closed 0.10% owner of a 6011 gate



Potts closed the owner of 0.76% on the cover of 5235



Nikkei traded a 1.18% decline of 9009 Gate




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U.S. homes market data published today in the form of existing homes sales data, sales data tomorrow the new houses are supposed to give another look at the degree of U.S. economic activity. Although the sequence data will be important only in fifth and sixth, but there is also significant general data accumulation, so investors will follow closely the market situation of the houses and they want to see the impact on the stock exchange.


European industrial orders data and retail sales in Canada will complete the day's most important triangle.



Table data for today includes:
09:00 GDP Final in Germany.
11:30 UK mortgage approvals.
12:00 European industrial orders.
15:30 Retail Sales in Canada.
16:00 business climate in Belgium.
17:00 Existing home sales index for U.S. manufacturing Aricmond district.




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EUR / USD
Euro continues to weaken after many investors prefer to flee the dollar for the unknown due to the uncertainty. After that he closed last week below the average 20 week trading below the average 100 monthly, open himself to a technical rate was used track falls into cycles at low yesterday in preparation for publication of all data on the weekend. The following support levels are at 1.2530 and 1.2170, and 1.2605 is the patch level of 50% over the gains from 1.1875 to 1.3333 - Save this level will result in faster toward the first target at least. Rate finished the last drop of 0.46% on the cover of 1.2649, forecast for today: See Graph A.




Gbp / usd
Yesterday the pound continued to ping pong between the daily average of 200 average daily 20. Trading began yesterday with another attempt to get the average 20 daily, but stopping the U.S. stock market increases the transition rate drops down while pulling led to reversal because 200 is stopped daily average. After a volatile day, the pound is finished with a slight decline and investors will look for a break of one of the directions In order to move fast and aggressive. The pound finished the last drop of 0.18% on the cover of 1.5501, expect for the day: see graph in



USD / JPY:
Click flight sales led to further exchanges of the Japanese yen pushed investors to snap deal again with the multi-year recession. But the level of support turns out to be rigid, in the absence of stock markets cycles traders managed to push the pair momentum breaking attempt to produce more. The pair is now trading around the low levels of annual Rabbi, with traders waiting alert and monitoring of macro data and the conduct of leading indices. It seems that the first act of panic - whether it be justified or not - the pair will find itself produces sharp sharp base. The pair finished the last drop of 0.51% on the cover of 85.11, expected for today: See Graph C



GBP / CHF:
For September 2009 the pair moved in an orderly trading range is very large (wide shuffle), with peak levels at 1.71 levels are lowest at 1.58. The pair had been four waves complete (from a peak low back) and a large number of partial movements. Currently the pair is near the lowest in the 1.6060 levels. The pair finished the last owner of 0.55% on the cover of 1.6143, expect for the day: See Graph D.



Gold:
Despite the fall in stock markets, gold yesterday came about as a result of technical pressure as we saw yesterday. Daily graph pressure is expected to lead to average 50 gold daily chart, the level of $ 1,211 an ounce. This level is expected gold to find support and get alert for during the week. Gold finished the last drop of 0.33% on the cover of $ 1,223 an ounce, currently forecast: a decline toward $ 1,211



Oil;
Oil prices continue to go down and oil is now trading below $ 73 a barrel, after investors find it difficult to see how the global economic growth back on track quickly, so how will the level of demand for oil. If indeed the leading indicators continue to decline for the day wave weekend data oil is expected to continue its way down. Forecast for today: a decline towards $ 71.80 a barrel

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