Atmosphere In The Stock Markets

www.sunbirdfx.com Wall Street closed the trading week with sharp declines on the background of disappointing Non-farm payroll change, as we estimated after the release of the prior data by the ADP last Wednesday. About 80% of the large 500 companies reported better than expected results for the first quarter of 2012, but the negative atmosphere took over Wall Street on the second part of last week. The investors also ignored the improving unemployment rate that went down from 8.2% to 8.1%. On the technical aspect, things look less dramatic for the US indices. Dow Jones reached new highs during last week as NASDAQ and S&P 500 did not make any significant change during the recent four weeks, in spite of the high volatility. We mentioned that the S&P 500 had to successfully break-through ...

www.sunbirdfx.com The US stock markets closed the trading day on the red territory on the background of mixed economic data. ISM Non-Manufacturing PMI was under expectations and ADP Non-Farm Employment Change was higher than the consensus but lower than the previous data. Today is the final day for the current trading week in the US stock market, since tomorrow is Good Friday. GBP/USD The pound has failed in breaking through the resistance at 1.60, and those who follow our daily analysis could predict this false-break. It was clear that many amateurs would open long position right after the pound crossed 1.60, but the professional took advantage of that for taking profits of the positions they had opened much sooner. The pair got the support of the break-up level 1.585 and by the 200 ...

www.sunbirdfx.com The US stock markets closed another amazing week of risings on the background of the best unemployment rate in 3 years, which pushed the markets up. The US economy created 243K new jobs, whereas analysts' expectations were a growth of 150K new jobs. This reduced the unemployment rate from 8.5% to 8.3%, mainly because many job seekers compromised on part-time jobs, but it is still an encouraging data regarding the largest economy. In Europe, the Greek problems is not solved yet as the agreements with the private sector are not signed yet and the investors are looking forward for that. However, even after the parties sign the agreements, Europe will still have to face with the debts of Italy, which are at least as bad as Greece's. This week's main event is the interest ...

www.sunbirdfx.com The low volatility in the US stock markets continued yesterday and will probably remain narrow until the FOMC rate statement on the second part of today's trading session. The interest level is expected to be unchanged, but the investors will hope to find out about new plans for creating new jobs. The interest rate in New Zealand is published today as well. EUR/USD Greece is close to get the final agreement on the haircut of the private sector's debts, and with the positive atmosphere in the stock markets in both US & Europe, the Euro is continuing its recovering that started last week, when the pair broke-out the downtrend channel. The "short-squeeze" is strong as we estimated and the Euro easily crossed the first target at 1.30 on its way to 1.31. A break-up of this ...

(Reuters) - A rally for European stocks and the euro ran out of steam on Friday, with markets focused on debt talks between Greece and its private creditors that may prove the trigger for the next leg of the euro zone's debt crisis. German Bund futures and the cost of insuring Spanish and Italian debt against default fell as expectations a deal would be reached grew, albeit cautiously. After a positive week of news around the debt crisis - several successful debt auctions and signs of further action from policymakers - the crucial talks in Athens, designed to help avoid a chaotic default, looked to be progressing. Two days into the restarted talks, which had broken down over a disagreement over what return the debt-ravaged country would offer on new debt, Greece's finance minister said ...

www.sunbirdfx.com The ADP non-farm payroll data beat the estimations yesterday and lifted the stock markets. The number of continuing jobless claims was less than analysts' expectations and this contributed to the positive atmosphere in Wall Street. Nevertheless, the investors have been waiting the whole week for the official Non-farm payroll data that is published today. The NFP is the most important indicator regarding the US economy, and has the highest impact on all of the financial markets around the globe. The reason for this is that this information tells the story about the most important thing regarding the US economy these days- the unemployment status. A growth in the NFP data will support the assumption that the US economy has started to pull itself out of the deep ...

www.sunbirdfx.com Wall Street continued the bullish momentum yesterday and so did the commodities market. The gold has completed a rally of 6% since the beginning of the week and the crude oil price rose the percentage as well. It will be interesting to see if this positive atmosphere in the markets will remain after the employment data tomorrow. USD/CHF The risings of the stocks weakened the USD against most of the currencies, but the CHF was not one of them. It looks like that the investors are afraid to invest in the CHF, mainly because of a possible intervention of the SNB. The break-up level of 0.93 has become a stable supporting level in the last few weeks. The impression is that strong buyers are picking the USD each time it gets to 0.93, and this might indicate for the pair's ...

www.sunbirdfx.com A very green trading week has passed by, as Wall Street is about to close its best month ever. The main cause for this outstanding rising is the agreement of the European leaders on the extension of the bailout plan, in which the weak countries will receive an additional trillion Euro. However, this does not mean that all the European debt problems are solved and they will probably come up again on the foresee future. On the technical aspect, the S&P 500 touched to level of 1300 points and if it keeps the current momentum, it will hit 1400 within few weeks. NASDAQ is much closer to the annual highs and it closed on Friday at 2400 points. The next resistances for the technology index are at 2450 & 2500. News & Events On Wednesday, the investors will look for more ...

www.sunbirdfx.com The US stock market is getting more and more volatile. Indices fell yesterday by 2% on the background of the disappointing data of the consumer confidence. However, today's main event is no doubt the EU economic summit. The Eurozone leaders have to make an agreement about the bailout plan, otherwise the financial markets can crash within days. Important news for today: New home sales (US) & Official cash rate (NZ). EUR/GBP The EUR was did not lose too many points against the USD yesterday, in spite the declines in Wall Street (positive correlation). The meetings today are going to have a significant impact on the atmosphere in all of the financial market, but mostly on the EUR. These days are an important test for its strength and they will give indication about its ...