Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Macro Week In Review/Preview: January 4, 2013

ByDragonfly Capital
AuthorGregory W. Harmon
Published 01/06/2013, 01:44 AM
Updated 05/14/2017, 06:45 AM
GC
-
CL
-
BMA
-

Last week’s review of the macro market indicators suggested, as the last day of 2012 approached Gold continued to look lower while Crude Oil showed an upside trend continuing. The US Dollar Index and US Treasurys seemed content to move sideways with US Treasurys biased higher and the Dollar Index lower.

The Shanghai Composite and Emerging Markets were both biased to the upside with risk of Emerging Markets consolidating further first. Volatility jumped and was looking to be relatively higher than recently switching the bias for the equity index ETF’s SPY, IWM and QQQ, lower, with the QQQ looking the worst and IWM the strongest.

The week played out with Gold moving higher before getting shellacked late in the week while Crude Oil moved up to short term resistance. The US dollar broke higher and Treasurys lower, the opposite of the chart set ups. The Shanghai Composite continued to to move higher in a very short week while Emerging Markets gave up some of their gains, after making new highs.

Volatility dropped off giving back all of the up move and some from last week. The Equity Index ETF’s jolted higher on the New Years Eve session and followed that with a gap and hold the rest of the week, strong.

Original post

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.