Tuesday, February 25, 2014


Market Comment

US indices gained on Monday helped by shares in the Energy, Banks and Health Care Equipment & Services sectors. The S&P 500 (1847.61) remains above its 20d moving average (1802.23 - positive slope) and its 50d moving average (1815.3 - flat slope).

European markets are expected to open on a negative note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Monday. On the US economic data front, the Chicago Fed National Activity Index fell to -0.39 in January (-0.20 expected) from -0.03 (revised) in December and the Dallas Fed Manufacturing Activity index fell to 0.3 in February (+3 expected) from 3.8 (revised) in January.


After the close of Wall Street, WTI Crude Future (APR 14) was about flat to $102.64. The contract was above its 20D MA (@ $95.67) and above its 50D MA (@ $96.35). The 14d RSI above 70 (71.17) indicates WTI Crude Future (APR 14) was overbought.

Gold was up $12 to $1336.3. The precious metal was above its 20D MA (@ $1287) and above its 50D MA (@ $1252).

Copper Future (MAY 14) on Comex was down 2.7c to 323.3c/lb. The contract was below its 20D MA (@ 330.62c) and below its 50D MA (@ 326.76c). In Europe, the London Metal Exchange reported its copper inventories decreased 2875 tons to 282475 tons.

European Markets

ECB: Publication of the Consolidated Financial Statement of the Eurosystem (3pm CET)

Conference: Manufacturing Pex Europe; 9th International Conference Innovative Seating 2014; 3rd International Conference - Advances in Rotor Blades for Wind Turbines

Today's Economic Events

FR 07:45: FEB Business Confidence Indicator: NA
FR 07:45: FEB Production Outlook Indicator: NA
US 15:00: FEB Consumer Confidence: 80

Contact Us:

Web: www.cfb.ae

For more information please visit our website century financial brokers.
Here are some useful links that you can follow:

Here is a CFB blog that gives useful daily Gold Analysis on dailybasis.
You can also follow CFB on facebook (useful advice on posts regularly)

Here is another blog that provides regular news and information and is very useful for Forex Signals.