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.
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.
Commodities
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.
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
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
FR 07:45: FEB Production Outlook Indicator: NA
US 15:00: FEB Consumer Confidence: 80
Contact Us:
Direct:04-3841906
Web: www.cfb.ae
Email:info@cfb.ae
For more information please visit our website century financial brokers.
Here are some useful links that you can follow:
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.
Web: www.cfb.ae
Email:info@cfb.ae
For more information please visit our website century financial brokers.
Here is another blog that provides regular news and information and is very useful for Forex Signals.
No comments:
Post a Comment