التحليل التقني للعملات الاساسية وللمعادن
(شركة جست تريدر)
Tuesday the 20th of March 2012
By: Thomas Francisco
The EUR continues to display a great act of magic as it remains strong and able to test its upper realms of midterm value. Even with disappointing economic reports coming from Germany and some rather lackluster investor outlooks, the EUR has not only held its ground but confounded its skeptics. German PPI has already been released this morning and came in below expectations with a result of 0.4%. Data will remain rather quiet from Europe now until Thursday when a slew PMI Flash Manufacturing and Services readings will come from France and Germany. The EUR may look like a selling opportunity to many, but standing in front a trend takes courage.
Oddly enough Gold has continued to stay in a consolidated to weak mode even as the EUR has gained against the USD. The precious metal as of this morning is around 1653.00 USD. There is plenty of chatter that several large financial institutions have taken massive speculative positions in the metals including Gold and Silver. The tight price range in Gold could be a forerunner to volatility. Sudden and large moves for the precious metal are not out of the question.
Crude Oil moved slightly higher again on Monday, but its move upward the past two trading sessions remains cryptic. Physical Resources have seen rather cautious trading the past few weeks as traders seemingly have been swayed by questions that continue to mount regarding the global economic outlook. Having said that Crude Oil remains near it upper values when taking into consideration its midterm charts. Tomorrow Crude Oil Inventories data will come from the States.
S&P, NASDAQ, DOW
The three major indexes turned in gains on Monday. Wall Street remains rather precarious as many investors continue to speak about questionable corporate outlooks, but find themselves confronted by government officials who continue to make money cheap. In other words the low interest rates being put forth from the Fed have essentially helped cause the yields on U.S bonds to be nearly nonexistent, thus making equities the only game in town for many as they seek profits. Building Permits and Housing Starts data will come from the U.S. today.