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Commentary by Boris Schlossberg: Euro Consolidates As Market Awaits Yellen

Posted by Aadil on April 11, 2011 at 9:46am

The EUR/USD chart-icon.gif saw little reaction to the economic news, but bulls were frustrated in their attempts to take the pair to the 1.4500 figure after a cautionary article in FT which suggested that Spain may be the next problem economy in the European periphery.

 

http://www.fx360.com/commentary/boris/5252/euro-consolidates-as-market-awaits-yellen.aspx

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Commentary by Kathy Lien: EUR: Prospect of Rate Hike Overshadows Portuguese Bailout

Posted by Aadil on April 6, 2011 at 9:36pm

There is only one thing that euro traders care about right now and it is the prospect of an interest rate hike from the European Central Bank tomorrow. Nothing else seems to matter, including Portugal’s official request for a bailout

 

http://www.fx360.com/commentary/kathy/5239/eur-prospect-of-rate-hike-overshadows-portuguese-bailout.aspx

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Distribution Alert: Third Day In A Row, Markets Fade (NYSE:SPY) (NYSE:USO) (NYSE:GLD) (NYSE:SLV)

Posted by Aadil on April 6, 2011 at 4:33pm
A common theme is developing in the markets this week. Each day, the markets have been up nicely and by the close, faded to the flat line. This seems to be happening again today. The SPDR S&P 500 ETF (NYSE:SPY) is at $133.37, +0.13 (+0.10%) after being as high as $134.00. The high of the day was only a small distance from the 52 week high on the SPY at $134.69.

The fall in the markets each day most likely represents distribution. Distribution occurs when the institutions sell their shares to the individual investors, taking profits. This generally represents the high in the market or near the high. Why would individual, retail investors be putting money into the market? First, between the Middle East, Japan and Europe, the markets have been unbelievably strong. This gives the small investor a false sense of security. They basically think, if all that cannot derail the markets up move, then nothing will and the markets must be headed far higher. In addition, this is the first week of the second quarter for 2011. New money into 401k's and other retirement plans are now available and are flooding into mutual funds. This is a perfect time for institutions to sell into the buying. Take the one week free trial of the Research Center to gain master swing trades and market guidance. Click here.

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The Dollar is down again today, a common theme of late. The one interesting factor is to note that the Dollar has been dropping as the markets have been falling back. This is unusual and should be noted. The most likely reason is commodity prices. As the Dollar continues to fall, commodities like oil just go higher. The $110.00 per barrel level is quickly approaching and the markets are getting nervous. Higher oil means higher prices at the pump. In an economy trying to recover, higher costs to consumers means less spending and a weaker economy. This must be watched. The United States Oil Fund LP (NYSE:USO) is trading at $43.42, +0.32 (+0.74%). Click here to take a one week free trial of the Research Center.

Gold and silver are both flat to higher today. The SPDR Gold Trust (NYSE:GLD) is trading at $142.08, +0.03 (+0.02%) while the iShares Silver Trust (NYSE:SLV) is trading at $38.56, +0.22 (+0.57%).

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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Oil, Gold, Silver: All Impacting On FX Market

Posted by Aadil on April 5, 2011 at 10:23pm

There’s a bit of a ‘chicken-and-egg’ situation when it comes to the relationship between precious metals and the USD; is it the weakening USD which is driving demand in PMs or is it the other way around? Whatever, as long as the strong uptrend continues in Gold and Silver, the FX market will not be comfortable buying USD

 

http://www.forexlive.com/178371/all/oil-gold-silver-all-impacting-on-fx-market

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INTERMARKET PICTURE POINTS TO CHANGE IN MARKET DIRECTIONS

Posted by Aadil on April 3, 2011 at 4:10pm

John Murphy has written extensively about Intermarket Analysis - the study of the key relationships between the four major financial markets and how those markets affect each other in the long run. To study Intermarket relationships we use our Intermarket PerfChart that displays the percent performance of the major index for each of the four markets - $SPX for stocks, $CRB for commodities, $USB for bonds, and $USD for the US Dollar.

http://stockcharts.com/help/doku.php?id=support:chartwatchers

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Commentary by Kathy Lien: Dollar Soars after Non-Farm Payrolls Reinforces Need to Withdraw Stimulus Inbox X

Posted by Aadil on April 1, 2011 at 1:58pm

Stronger than expected non-farm payrolls growth and the continual the decline in the unemployment rate has driven the U.S. dollar sharply higher. With corporations in the U.S. adding 216k jobs in the month of March and the unemployment rate falling to its lowest level in 2 years, the latest labor market report reinforces optimism from Federal Reserve officials and supports the unwinding of emergency stimulus

 

http://www.fx360.com/

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