The US stock market

[ilearn2t]

Hello RahmanSL

Do I foresee a weak dollar and a strong Yen in your methods of thinking, hopefully "Yes"

5 of the last 6 data results on the Core's have come up "Red", with only two from 6 Prelim showing "Green"

Everyone is doing great this side of the "pond" give your family all my love.

Forgot to mention "hex" is also a Greek word for 'six'

Good luck
Liz

 

[RahmanSL]

Yes, clever you, "hex' does indeed is in the Greek word for "six"

However, I am somewhat apprehensive that, given the decline in gasoline prices in the US, it can be expected that both consumer sentiment and and consumer spending will have increased last month and thus a strong consumer spending calendar can very well bring US Retail Sales and U of M data as expected or higher which will nudge US 10 year rates higher.That would help propel USD/JPY towards the 117.00 level
But we might yet get below expectation data which will make some traders (and Japanese importers) happy-happy

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OR alternatively, to help out their staunch ally Japan Importers, the Feds can first give out worst than expected data.....then half an hour or so later, come out with an apologetic "better than expected" data saying...hehehe..... there was a mixed-up in the figures. By then, most of the Japanese importers' fax machine & computers would be smoking from heavy usages in placing orders & forward orders

 

[RahmanSL]

...hehehe...Liz my dear, very apparent our hexes did not work as all 3 key US economic data came out better than expected and pushed the USD/JPY to the upper region of 116 but, at market closing, went down a little.

Doesn't really matter which direction it goes on Monday cause I have hedged the pair and has been scalping it, and will continue to do so until there is a clearer direction on where it's heading.
Well, Japan Gross Domestic Product (QoQ) data release on Monday will probably dictate the direction of the JPY.....as well as those news & rumors of delayed implementation of GST and snap election.

USD/JPY should be a very interesting pair to watch & trade in the coming weeks & months especially since the pair is near the all time high levels. I really would love to know at what level the Japanese prefer their currency to be against the USD. Any idea?

Take care and all the best!

 

[ilearn2t]

Hello Everyone

Friday closed in a mixed state as both the Nasdaq and S&P 500 finished in the "Green", as the Dow seen "Red.

Today could see some drawback as word spreads that Japan had unexpectedly slipped into recession, worth watching.

Close of trading:

The Dow Jones Global Indexes: 17634.74 -18.05 (-0.10%)

Nasdaq Composite Index: 4688.54 +8.40 (+0.18%)

The S&P 500 Index: 2039.33 +0.49 (+0.02%)

Once again "Gold" managed to hit it big for the second Friday in-a-row to close at 1188.46 and record its second "Weekly" uptrend in-a-row.

Current price: 1187.97

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

One day after S&P 500 landed on 42rd (Street) record close this year, it along with the Dow once again high new record closes yesterday.

The National Association of Home Builders better-than-expected report yesterday, leaves today's Building Permits & Housing Starts 1.30pm (GMT) in a favorable place to get the "Forecasts" near expectations or even better.

Close of trading:

The Dow Jones Global Indexes: 17687.82 +40.07 (+0.23%)

Nasdaq Composite Index: 4702.44 +31.44 (+0.67%)

The S&P 500 Index: 2051.80 +10.48 (+0.51%)

Gold continues its own battle to break the 1215 "Monthly" close barrier last seen at the end of May 2010.

Current price: 1196.78

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

All three "Markets" closed in the "Red" after yesterday's Housing Starts couldn't live up to Tuesday's NAHB Housing Market Index.

Today sees the Unemployment Claims, Core CPI m/m both "Forecast" good, and the CPI m/m "Forecast" bad, all being released at 1.30pm (GMT) starting off a day of data reports, that could set a trend for choppy markets throughout the upcoming trading sessions.

Close of trading:

The Dow Jones Global Indexes: 17685.73 -2.09 (-0.01%)

Nasdaq Composite Index: 4675.71 -26.73 (-0.57%)

The S&P 500 Index: 2048.72 -3.08 (-0.15%)

Gold Current price: 1194.23

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

With little or no economic data out of US on Friday, the "Markets" looked elsewhere for signs of any encouraging domestic outlook, and found it in China & Europe's central banks, as the People's Bank of China cut its benchmark interest rate in more than two years. and the European Central Bank took action to stimulate its own economy.

Both the Dow and S&P 500 broke new records again, while the Nasdaq edges closer to its record (5048.62) last seen on 10th March 2000.

Close of trading:

The Dow Jones Global Indexes: 17810.06 +91.06 (+0.51%)

Nasdaq Composite Index: 4712.97 +11.10 (+0.24%)

The S&P 500 Index: 2063.50 +10.75 (+0.52%)

Gold closed up (1201.12) on Friday, to made it three weeks in-a-row of upward trends.

Current price: 1195.87

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Nasdaq gained ground on the other two "Markets" yesterday (percentage ways) as all three had another good day at the office, as lower gasoline prices look like boosting the consumers spending power.

All eyes could be focused on the CB Consumer Confidence at 3pm (GMT) today, as last months report showed that Five of the six components contributed positively to the index.

Close of trading:

The Dow Jones Global Indexes: 17817.90 +7.84 (+0.04%)

Nasdaq Composite Index: 4754.89 +41.92 (+0.89%)

The S&P 500 Index: 2069.41 +5.91 (+0.29%)

Gold closed down yesterday (1196.24) but remains slightly ahead in its race to reach 4 in-a-row "Weekly" gains.

Key moment for "Gold" could come after this weeks close as the right-wing Swiss party hold a vote on Sunday aiming to prevent the Swiss National Bank from offloading its gold holdings and obliging it to hold at least 20 percent of its assets in gold.

Current price: 1200.70

Good luck
ilearn2t