Feb 19


  • BY:
  • February, 19th, 2014 9:18 +00:00

Good morning,

Yesterday equities in Japan retraced after Monday huge gains. The Nikkei lost 77 points at 14,767 (-0.52%) and in Hong Kong the Hang Seng rose 76.8 points at 22,664.52 (+0.34%). The Shanghai Composite gained 23.49 points at 2,142.55 (+1.11%).

In Europe at 09:00 GMT  the Stoxx50 is down 4.22 points at 3,113.22 (-0.14%) and in Germany the DAX is unchanged at 9,656. In UK the FTSE100 is up 6.94 points at 6,803.37 (+0.10%).

In the currency market the EurUsd is losing 4 pips at 1.3754 (-0.03%) and UsdJpy at 102.15 (-0.2%) is down 20 pips. GbpUsd is trading at 1.6728 (+0.26%), up 43 pips.  UsdChf is gaining 7 pips at 0.8888 (+0.08%).

Metals are negative this morning and Gold is trading at 1,320.02 $/ounce (-0.16%) and Silver is at 21.84 $/ounce (-0.52%).  Crude Oil is consolidating above 100$/barrel at 102.6 (+0.16%) and Natural Gas is at 5.72 $/BTU (+2.88%).

Today at 09:30 GMT will be released the UK unemployment rate and the Bank of England Minute and  then in US at 13:30 GMT will be released Building Permits followed at 19:00 GMT by the FOMC Minutes, the most important data of the day.

If Nasdaq index reached a new 2014 top, even doing a parabolic pattern, the S&P500 is around 10 points distant from the all time high reached last month.  Gold seems again in a bull market and Silver likely will test the supply line generated from the top at 50 $/ounce that is at 22.15 area. Risk taking positions in the currency market still moderate and EurUsd could test again the 2013 top at 1.389.