Sep 20


  • BY:
  • September, 20th, 2013 7:40 +00:00

The USA equity markets yesterday consolidated the gains of the previous trading session with a low volatility day. The DOW lost -0.26%, Nasdaq went up +0.15% and the S&P  lost -0.18%. In Asia the Hang Seng rose +1.67%, the Nikkei -0.16% and the ASX200 -0.36%. In Europe the DAX is following the same path of the USA markets, down -0.14%, the Eurostoxx -0.24%. Metals are losing ground during the European session with Silver down -1.11% and gold down -0.51%.  The economic calendar is not rich of events today, the GBP Public Sector Net Borrowing  and the speech of Buba President Weidman in Germany are the main events. The risk appetite in the currency market still high.  The EurUsd still trading above 1.35. The UsdJpy consolidates above 99 and the GbpUsd gained 1.6, a level lost last Juanary. Today traders should be cautious and after the FED decision about liquidity now the most imporant market catalyst would be the German Election this weekend, where Angela Merkel is looking to obtain a third mandate. The outcome will bring more attention on the shared currency and on the sovereign debt crisis, a topic that many market operators have forgotten.