The stock will have some short term daily chart support around the $28.00 area, this is the weekly chart low from September 12, 2011. The weekly chart could be signaling a decline to the $19.00 area if this downside momentum continues over the next few months. Either way, unless some surprise resolution arises out of the European Union in the near term DB stock looks to be headed lower.
http://www.inthemoneystocks.com/rant-and-rave-blog/item/94691-the-european-levels-you-must-know
As we all know by now, the problems in the European Union are starting to increase by the moment. Many investors are now talking about a complete breakup of the European Union as we know it. The debt problems in all of these nations is simply becoming to much to for the European Central Bank (ECB) and the International Monetary Fund (IMF) to handle. In other words, debt can only bail out debt for so long. Has the debt society as we know it finally come to an end?
In this weeks report, we will examine three of most important European banking stocks in the stocks market. After all, the problems in Europe and around the world are really a banking crisis and not just a sovereign debt crisis. Austerity measures in Europe have been implemented and the banks continue to struggle. It appears that the one way the European banks could be saved in Europe is by the ECB printing money. However, at this time, the ECB can not print money. Therefore, we shall see if that rule is changed by the end of the year. I suspect in time it will, making the ECB more like the Federal Reserve.
Yet an abysmal non-farm payrolls report is the primary reason why the EUR/USD rebounded today. Throughout the past month, better than expected U.S. economic data limited the need for QE3 but after today’s jobs number, the Fed may have no choice but to spring into action in June.
http://www.fx360.com/commentary/kathy/7678/understanding-the-volatility-and-outlook-for-euro.aspx
This morning, after the U.S. Labor Department announced the disappointing non-farm payroll report gold started to surge higher. The catalyst for the rise in gold is the anticipation and speculation of another quantitative easing program by the Federal Reserve. Today, the SPDR Gold Shares (NYSE:GLD) are trading higher by more than $5.00 from the pre-market low to $155.49 a share.
Something that traders must realize is that the Federal Reserve is still in the middle of doing its Operation Twist program. This program is where the central bank sells short to medium term bonds and buys long term bonds in order to push interest rates down. This helps investors and potential borrowers to get a low interest rate on loans such as mortgages and construction borrowing. Today, the interest rate on a 30 year fixed mortgage rate is around 3.75 percent. This is a historic low for the 30 year mortgage. The Operation Twist program by the Federal Reserve is scheduled to last into the end of June 2012.
Will lowering interest rates further with another quantitative easing program really help the economy? The answer to this question is really open for debate. All of the quantitative easing that the central bank has done has led to inflation and higher stock prices, therefore, another QE-3 could inflate the stock markets and help raise the price of food and energy. Traders in the past will usually be able to telegraph artificial inflation when the price of gold and silver rise.
It is difficult to really see the Federal Reserve implementing another quantitative easing program at this time while they are currently in the middle of the Operation Twist program. In my opinion, the next stimulus program would come later in the year if it does occur. Some leading equities that could trade higher on the back of any quantitative easing announcements include iShares Gold Trust(ETF)(NYSEARCA:IAU), ProShares Ultra Silver (ETF) (NYSEARCA:AGQ), iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC), and ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO). All of these equities should be kept on the radar by traders if there is a stimulus announcement by the central bank.
Unfortunately, the 69k increase in jobs was the weakest in 20 months, coming under the expectations of the most pessimistic economist surveyed by Bloomberg. Making the report even worse was the increase in the unemployment rate from 8.1 to 8.2 percent and the sharp downward revision in April payrolls.
"It's safe to say it's a 'Yes' by more than a 60/40 margin,"
http://uk.reuters.com/article/2012/05/31/uk-ireland-referendum-idUKBRE84U0C520120531
