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On Tuesday, a calendar was completely empty, so players around the world, including in the U.S., looking for reasons / excuses to raise the markets. In each comment, you can read that the most important factor was the increase in interest by the bank in Australia. It was argued that such a decision indicates the improved economic situation. I have the impression that the world has gone crazy ... It is known that the global economy enters the delicate recovery only because governments and banks awash with cash it. Now, one of the banks' rate increases, which should warn you that this is the beginning of the series, which the economy can not survive, and players are happy ... somewhat weird, huh? Moreover, this was not the first bank, which raised interest. The first was a few weeks ago the Bank of Israel. Then there was no response. This decision, however, had an indirect impact on the prosperity internalisers. Were affected by the growth rate of the euro / dollar. Players expect rates to rise faster than the world in the U.S.. In part, it worked revelations ", The Independent, who wrote that many countries (from the Persian Gulf, Russia, Brazil, France etc ...) to consult in order to eliminate the dollar to trade oil. That I think is just a duck journalism. Besides the fact that such talk was denied by Saudi Arabia, which did not influence the market behavior. Growth rate of the euro / dollar (again, not so very big, because about half a percentage) affected the market for raw materials. Oil and copper, and the hardest gold. The increase in commodity prices was one factor driving the bull stock market. The remaining two pulses are talking about information that Barack Obama administration is going to offer another program to stimulate the economy, which would also cut taxes and waiting for quarterly reports to U.S. companies. Players have in mind is that analysts' forecasts almost always are so set that the company could beat them (this is an old Wall Street game) and expect that this time too it is again. And that worries me most. Same as I wrote in his weekly commentary, but if I see that the whole market as it reacts to begin to worry. Excessively good feelings and high expectations is a simple way to disillusionment. Stock Exchange began the session on Tuesday One major growth indices. Leaders rise in raw materials sector was the company. After 1.5 hours of trading when the market is simply stabilized, pressed responding to demand a better mood for other exchanges. Following a recommendation by Bank of America / Merrill Lynch, when the financial sector led the index to the north of Europe, our followed them, but the rate of rise was much greater. After this fast moving market entered torpor pending wake-up call in the USA. After reveille this increased demand without a problem sizes increase, and the session ended increase by 3.3 percent. Through this session with an excess of regained Friday, fall. More significant was the increase at a much higher turnover than during the fall. In other words, the increase was more credible. is again about four percent below the resistance of August (2317 pts.). There were also signals the first purchase, but the risk of a double-peak or no lateral trend disappeared. |
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