Tuesday, August 3, 2010

My Legs Ache & Feel Hot




Markets
very undecided in the week. The beneficiaries were in the banking and financial week, always in the wake of the stress test, so the English and Italian indices which have within them a composition of overweight on banking shares. Negative instead of the U.S. markets after a set of GDP under the expectations. Interesting developments in the S & P 500 after the break of 1100 points Tuesday, the index has retraced Wednesday and Thursday, before recovering to close only to the 1100 closing on Friday. The compilation of 1100 will be very important to start a reversal of the uptrend.


As for the European market, the Eurostoxx 50 marks lows yet to be confirmed But the start of an upward trend after declines in recent months, only breaking the 2800 points would confirm a reversal of trend.


The Dax has a very similar situation Eurostoxx 50, would be very important to exceed the 6350 points: highs. Our index, however, Ftse Eb, breaks resistance at 21,000 points, the next goal of covering the gap to 22,000 points on April 28. To be confirmed yet if the excess of 21,000 points can be a false signal "a trap" for a return to the previous trading range, in August it will be the test case.


In terms of commodities, continuing the weakness of gold and oil retain its positive trend sideways. Within an exchange, even in the short tonic the Euro to the dollar while the pound gained positions.


Chart interesting: a three-month Euribor 6 months

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