Feb 05


  • BY:
  • February, 05th, 2014 9:12 +00:00

Good morning,

Asian equities made a rebound and the Nikkei rose 172 points at 14,180 (+1.23%) and the MSCI Asia Pacific closed at 130.95 (+0.6%). In Hong Kong the Hang Seng lost 128 .39 points at 21,269.38 (-0.6%).

In Europe at 8:43 GMT equity gauges are mixed in their performance. The Stoxx 50 is down 3.3 points at 2,959.19 (-0.11%) and the DAX is losing 16.8 points at 9,111.11 (-0.18%). In UK the FTSE100 is up 12.96 points at 6,462.23 (+0.20%).

In the currency market the EurUsd is trading at 1.3523 and GbpUsd is at 1.6316. UsdJpy is down 29 pips at 101.35 (-0.29%). AudJpy is down 56 pips at 90.18 (-0.61%) and NzdUsd is losing 42 pips at 0.8202 (-0.51%).

Metals are gaining and Gold is up 1.58$ at 1,256.53 $/ounce (+0.12%) and  Silver is trading at 19.55 $/ounce (+0.38%). Crude Oil is at 97.75 $/barrel (+0.58%) and Natural Gas is trading at 5.36 $/BTU (-0.19%).

Retail Sales in Eurozone are going to be released at 10:00 GMT and then in US at 13:15 GMT will be released the ADP Employment change; ISM non manufacturing PMI will be released at 15:00 GMT.

Many market participants they have to digest more information before to decide their new strategy: If  technical supports will be broken and market sentiment deteriorate buy and hold investors they will sell their positions.  In case short term traders will buy because they believe in a rally short sellers might exit from their bearish positions.