التحليل التقني للعملات الاساسية وللمعادن ليوم 29-2 (شركة جست تريدر)

التحليل التقني للعملات الاساسية وللمعادن

ليوم 29-2

(شركة جست تريدر)

Justrader Analysis

Wednesday the 29th of February 2012

EUR/USD
Apparently these are the days of wine and roses for the EUR. It shines no matter the circumstance. While economic data in Europe remain bleak, while questions about fiscal fundamentals abound, the Single Currency continues to keep its stronger grounds. The EUR has been standing ‘tall’ the past few weeks and has essentially slaughtered many skeptics who have tried to stand in front of its trend. The German Unemployment Change numbers will be published today, but the situation remains the same – sentiment is king – and short term sentiment has shown that the EUR has stability. The question that some will continue to ask however is when ‘the worm’ will turn?



Gold
Gold followed its friend the EUR higher and as of this morning is 1789.00 USD. The precious metal continues to attract followers but it must be viewed not only as a safe haven asset, but a speculative one as well. While ‘troubles’ certainly continue to shadow global economic prospects, inflation remains nearly nonexistent in core nations. Gold has been mirroring the rise via the newfound stability in the EUR. How long will it all last?



Oil
Crude Oil retraced on Tuesday, but still finds itself near highs. While the price of WTI dropped over a dollar a barrel, Crude Oil remains a focus for a speculative crowd that has seen the commodity get plenty of attention due to the political situation in Iran. Today the U.S. will release Crude Oil Inventories. There has certainly been volatility in the energy markets and traders should expect another test of its ranges today.



S&P, NASDAQ, DOW
Traders witnessed a whipsaw of sentiment in the major indexes on Tuesday. The Core Durable Goods Orders data came in far worse than its estimate with a result of minus -3.2%. However an hour and a half later the CB Consumer Confidence reading turned in an outcome of 70.8, which was well above its expectations. Wall Street which started the day on a weaker footing because of the poor Durable Goods numbers suddenly reversed on better consumer marks. The U.S. will release Preliminary GDP, the Chicago PMI, and Beige Book figures today. Investors have proven a cautious group recently, but if today better than forecasted government reports come forth, Wall Street could see another day of gains.