Weekly review 17-21.6.2013 Trading week on Wall Street will open today (Monday) in the background of a very volatile trading in the stock market and Wall Street negative close on Friday. Investors may respond to a number of macro data this week mainly in housing but the highlight will be on Wednesday, when the Open Market Conference of the Federal Reserve will publish its economic forecasts and interest statement. As mentioned, Wall Street trading closed in price declines on Friday, when the S & P 500 dropped in value by about 1%. Thus, the index yield produced from the beginning of the year dropped to 14%. The Dow fell 1.2% last week. Investors shied away at the end of the week from the sharp correction in Japan the stock market, after the Japanese Nikkei index went officially on Thursday to a bear market following a decline of 20% in less than a month. The coming week will be characterized by a variety of macro data, especially in housing. On Monday, the Empire State index will be published in June. Reading above 0 indicates expansion in manufacturing activity in New - York, while a negative reading indicates contraction. Market expectation is to a reading of 0.4 points after a negative reading of 1.4 points in May. That same day, investors will bear their eyes at the Forum leaders of the G8 countries that will convene in Ireland. In the summit that will last for two days will participate among others, U.S. President Barack Obama, British Prime Minister David Cameron and Japanese Prime Minister Shinzo Abe. Technical review EUR / USD: EUR/USD trading at 1.3317 an decrease of 0.08% in writing. The pair may find support at 1.3295 and resistance at- 1.3358. GBP/USD: The British Pound gains strength against the U.S Dollar today, trading at 1.5694 an increase of 0.11%. The pair may find support at 1.5652 and resistance at 1.5730. WTI: The wti, trading at 97.51 a decrease of 0.08%. may find support at 96.89 and resistance at 99.09. GOLD: The GOLD gains strength today, trading at 1389.05 an increase of 0.06%. May find support at 1382.20 and resistance at 1393.45.
Posted on: Mon, 17 Jun 2013 07:29:12 +0000
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