التحليل التقني للعملات الاساسية وللمعادن
(شركة جست تريدر)
Tuesday the 6th of March 2012
The EUR traded in a quick whipsaw manner on Monday without breaking any of its short term ranges. Data from the E.U. remained less than perfect yesterday as the Final Services PMI and the Sentix Investor Confidence readings both missed their estimates. Today the Revised GDP statistics will come from the continent and it is expected to produce an outcome of minus -0.3. But the fact that the number will be recessionary is not the straw stirring the drink, the continuing debt saga from Greece and others is still the focal point and the long term implications are what worries investors. The EUR remains a trading opportunity for those with the ability to manage their risk.
Gold faced additional headwinds on Monday and as of this morning finds itself around 1702.00 USD. Taking into consideration that the EUR was not able to mount a lasting attack on the USD Monday, Gold’s decline may have come about because there has been less speculation in the commodity. Gold remains volatile and not for the faint of heart.
Crude Oil continues to find a rather stable range, but can it be trusted? Crude Oil has now essentially found a resting ground the past few sessions after trading in a wide and steep range prior. The mix of lackluster Asian growth prospects and the political fireworks that surround the Iranian story continue to make for an interesting trading ground.
S&P, NASDAQ, DOW
Wall Street stumbled again on Monday as it produced limited declines. While the ISM Non-Manufacturing Index was slightly better than expected it was not enough to lift the spirits of what remains a cautious crowd. Trading volumes remain thin from institutional players. There will be no major economic data today, but jobless statistics begin tomorrow with the ADP Non-Farm Employment Change report.