Market Comment
US indices rose on Monday led by shares in the Automobiles & Components, Semiconductors & Semiconductor Equipment and Banks sectors. The S&P 500 (1885.08) broke above its 20d moving average (1879.7 - positive slope) and remains above its 50d moving average (1868 - flat slope).
European markets are expected to start on a positive note.
European markets are expected to start on a positive note.
Foreign Exchange
US Dollar fell against most of its major counterparts on Monday. On the US economic data front, no major data was released.
The Euro was firm against its major counterparts. Euro zone construction output fell by 0.6% in March after a 0.4% increase in February (revised from +0.1%).
The Euro was firm against its major counterparts. Euro zone construction output fell by 0.6% in March after a 0.4% increase in February (revised from +0.1%).
Commodities
After the close of Wall Street, WTI Crude Future (JUN 14) was up $0.6 to $102.62. The contract was above its 20D MA (@ $101) and above its 50D MA (@ $100.35).
Gold was about flat to $1293.2. The precious metal was below its 20D MA (@ $1295) and below its 50D MA (@ $1308).
Copper Future (JUL 14) on Comex was up 1.6c to 316.25c/lb. The contract was above its 20D MA (@ 307.41c) and above its 50D MA (@ 303.17c). In Europe, the London Metal Exchange reported its copper inventories decreased 4550 tons to 181975 tons.
Gold was about flat to $1293.2. The precious metal was below its 20D MA (@ $1295) and below its 50D MA (@ $1308).
Copper Future (JUL 14) on Comex was up 1.6c to 316.25c/lb. The contract was above its 20D MA (@ 307.41c) and above its 50D MA (@ 303.17c). In Europe, the London Metal Exchange reported its copper inventories decreased 4550 tons to 181975 tons.
European Markets
ECB: Publication of the Consolidated Financial Statement of the Eurosystem (3pm CET)
Conference: GCP and Quality in Clinical Trials; 3rd International Conference Offshore Cabling 2014
Conference: GCP and Quality in Clinical Trials; 3rd International Conference Offshore Cabling 2014
Today's Economic Events
GE 07:00: APR Producer Price Index (MoM): NA
UK 09:30: APR PPI - Input (MoM): NA
UK 09:30: APR PPI - Output (MoM): NA
UK 09:30: APR CPI - EU Harmonised (MoM): NA
UK 09:30: APR PPI - Input (MoM): NA
UK 09:30: APR PPI - Output (MoM): NA
UK 09:30: APR CPI - EU Harmonised (MoM): NA
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