SamTrader1
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Markets
Stocks gained at the start of the quarter after jobs news that gave investors more confidence the U.S. recovery is underway.
The Dow Jones Industrial Average jumped almost 100 points towards a new high for the year after the blue-chip index posted the best first quarter percentage gain since 1999.
The S&P 500 and the Nasdaq also jumoed and the CBOE Volatility Index, widely considered the best gauge of fear in the market, fell below 17.
DJIA (March 27- April 1)
FOREX
If we were to do an objective technical and fundamental analysis of the Euro, it would be a bit hard to argue for or even to predict a bullish outlook from the data and headlines we have seen over the past few weeks.
The economic docket is lacking for influence altogether. Far more influential are the daily hitsto the region’s financial health. From downgrades, to fiscal miscues, halted progress towards fixing underlying issues with the monetary union have crowded out the headlines. Still, the
Still, the Euro not only maintains its strength, but it has even extended its climb against key safe haven and speculative currencies like the Greenback and Swissy.
What then is the source of the currency’s strength?
Speculation.
The Forex market does not exist in a vacuum; and expectations are a greater source of activity than prevailing fundamentals. A point to examin is this week’s ECB rate decision. Speculation surrounding this particular event has solely defined the currency’s performance. So a question is begged? What happens when we are actually confronted with its release?
Euro (March 27-April 1)
COMMODITIES
Oil prices continued to surge on Friday as rebels lost ground in Libya. Crude climbed above $107 a barrel, after gaining 16 percent in the first quarter, while London Brent crude rose to nearly $118, this rise after gaining nearly 24 percent in the first quarter.
OIL (March 27-April 1)
EQUITIES
GM [GM 32.41 1.38 (+4.45%) ] saw US sales for March rising 11.4 percent compared to a year ago. However the figures were less than expected, implying the auto industry recovery may hit a bump in the road with higher gas prices. Other automakers including Ford [F 15.16 0.25 (+1.68%) ] and Toyota [TM 80.51 0.26 (+0.32%)] are expected to release their monthly sales numbers throughout the coming week. General Electric [GE 20.34 0.29 (+1.45%) ], Home Depot [HD 37.56 0.50 (+1.35%)] and Caterpillar [CAT 113.12 1.77 (+1.59%) ] led blue-chips higher, while Intel [INTC 19.72 -0.46 (-2.28%) ] lost ground.
Stocks gained at the start of the quarter after jobs news that gave investors more confidence the U.S. recovery is underway.
The Dow Jones Industrial Average jumped almost 100 points towards a new high for the year after the blue-chip index posted the best first quarter percentage gain since 1999.
The S&P 500 and the Nasdaq also jumoed and the CBOE Volatility Index, widely considered the best gauge of fear in the market, fell below 17.
DJIA (March 27- April 1)
FOREX
If we were to do an objective technical and fundamental analysis of the Euro, it would be a bit hard to argue for or even to predict a bullish outlook from the data and headlines we have seen over the past few weeks.
The economic docket is lacking for influence altogether. Far more influential are the daily hitsto the region’s financial health. From downgrades, to fiscal miscues, halted progress towards fixing underlying issues with the monetary union have crowded out the headlines. Still, the
Still, the Euro not only maintains its strength, but it has even extended its climb against key safe haven and speculative currencies like the Greenback and Swissy.
What then is the source of the currency’s strength?
Speculation.
The Forex market does not exist in a vacuum; and expectations are a greater source of activity than prevailing fundamentals. A point to examin is this week’s ECB rate decision. Speculation surrounding this particular event has solely defined the currency’s performance. So a question is begged? What happens when we are actually confronted with its release?
Euro (March 27-April 1)
COMMODITIES
Oil prices continued to surge on Friday as rebels lost ground in Libya. Crude climbed above $107 a barrel, after gaining 16 percent in the first quarter, while London Brent crude rose to nearly $118, this rise after gaining nearly 24 percent in the first quarter.
OIL (March 27-April 1)
EQUITIES
GM [GM 32.41 1.38 (+4.45%) ] saw US sales for March rising 11.4 percent compared to a year ago. However the figures were less than expected, implying the auto industry recovery may hit a bump in the road with higher gas prices. Other automakers including Ford [F 15.16 0.25 (+1.68%) ] and Toyota [TM 80.51 0.26 (+0.32%)] are expected to release their monthly sales numbers throughout the coming week. General Electric [GE 20.34 0.29 (+1.45%) ], Home Depot [HD 37.56 0.50 (+1.35%)] and Caterpillar [CAT 113.12 1.77 (+1.59%) ] led blue-chips higher, while Intel [INTC 19.72 -0.46 (-2.28%) ] lost ground.