Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

FX Futures Edge: World Markets Higher Across The Board

ByRichard Rhodes
Published 07/16/2013, 02:09 AM
Updated 07/09/2023, 06:31 AM
STRATEGY:

The S&P 500 remains above the 160-wma long-term support level at 1337. The standard 200-dma support level is at 1517. Perhaps more importantly, the distance above the 160-wma has has now faltered below the +23% “bubble-like rally” threshold. This is definitely a warning sign, given that 1600 was violated to the downside.

10-Year Note Yield
Asian bourses closed higher as China’s GDP figures printed 7.5% for the April-June period (7.7% for the January-March period), which is the 9th quarter for the past 10 quarters that has actually demonstrated weakness. However, this does not include the recent credit squeeze engineered by the PBOC. Their subsequent loosening credit noose isn’t reflected in these figures, and should be even lower when they are reported 3-months from now. This has given risen to “reform effort” talk that the market is buying into at the moment. As for European bourses, they opened sharply higher, but have since given back a majority of those gains.

To Read the Entire Report Please Click on the pdf File Below.


Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.