Pivotfarm's blog

Markets in a Flash

· Asian equity markets closed down across the board last night. The Nikkei was down -1.64%, while the Shanghai index was down -0.4%.

· European equity markets are falling this morning ahead of the US GDP figures. The FTSE 100 is down -0.57% at lunchtime London time.

· Commodities are mixed in today trading session. Oil is falling back in correlation with equities while Gold is gaining as investors find safety.

Multi Technical Analysis method based Technical Confluence Support & Resistance PowerZones for the S&P 500 futures

• Asian equity markets had a mixed session overnight. The Hang Seng finished flat +0.01% up. The Nikkei 225 was down -0.59%.
• European equity markets are making gains today and are progressively getting higher. This is on the back of strong European economic data.
• Commodities are pushing higher this morning. Oil and Gold are both trading higher in today’s session while copper is up over +1%

Markets in a Flash

· Asian equity markets closed up across the board overnight posting strong gains. The Nikkei 225 was up + 2.70%, while the Shanghai Index was up +2.26%.

· European equity markets started the day positive but at the European lunchtime the markets had fallen into negative territory. The FTSE 100 was down more than -0.25%.

Asian equity markets were mixed last night, no real direction shone through. The Hang Seng was up +0.64%, while the Nikkei 225 was down -0.07%.

· European equity markets are up today. The Stoxx Europe 50 was up +1.2% at 0730ET. The FTSE 100 is up +0.83% at the same time.

· Commodities are mainly up this morning. Brazilian export problems push sugar to a 4 month high. Oil is trading slightly above $79 while Gold is struggling below $1200 as the risk appetite rises.

Markets in a Flash

· Asian equity markets made gains over night. The Nikkei 225 closed up 0.77% while the Hang Seng closed up 0.12%.

· European equity markets are flat today and are fluctuating between gains and losses. The Stress test results of Friday do not seem to have brought much direction to the markets.

· Commodities are mixed and Oil has fallen 0.84% today. Natural gas is also down on news of gas production in China.

The USD started the past week strongly, making good headway against most of its counterparts. However it dropped sharply on Thursday, from 83.3 to 82.6 according to US Dollar Index. The depreciation was mainly caused by Bernanke’s comments and a slew of European data showing signs of a recovery.

S&P 500 futures PowerZones

Markets in a Flash
• Markets in Asian countries had mixed sessions over night. China and Hong Kong rose while Japan fell.
• The Nikkie fell as the Japanese Yen gained hurting the countries exporters.
• European equity markets are trading higher after European economic data beats expectations.
• Commodities markets are looking strong today as European data is strong. Gold falls back further from $1200.
• The USD looks weaker today after investors sought safety in the currency yesterday after Bernanke’s comments.
• US equity futures are following to European lead and are pointing to a higher open.

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