Nylon Handover: Equities See Their Largest Losses This Year
Matt Simpson | Apr 11, 2014 03:16AM ET
US budget deficit is down 31% from this time last year and unemployment fell to 300k, the lowest level in 7 years. Retail sales also saw improvements, driven by discounts. Import prices were also up at 0.6% vs 0.2% expected.
US budget deficit is down 31% from this time last year and unemployment fell to 300k, the lowest level in 7 years. Retail sales also saw improvements, driven by discounts. Import prices were also up at 0.6% vs 0.2% expected. UK official bank rate remains at 0.5%
FOREX:
Shooting Star reversal on AUD/USD warns of near-term weakness below 0.945
4th consecutive bullish close on EUR/USD closed above 1.390
Riskshaw Man Doji on GBP/USD warns of near-term weakness at 1.670 highs
Bearish Inside day on NZD/USD warns of near-term weakness
closed near March lows following a 5th consecutive bearish close, but bearish momentum is reducing
USDJPY finds support on Weekly S3 pivot at 101.30
INDICES:
Stocks wiped off thier weekly gains to see Nasdaq and S&P 500 break down through previous swing lows.
COMMODITIES:
Gold continued to appreciate in light of Yellen reveraling that interest rates are unlikley to rise until well into 2015.
Silver produced a Shooting Star Reversal and closed below $20 - bias is now waning towards a bearish continuation pattern and to test $19 Bearish inside day on Brent Oil warns of near-term weakness below $108
Riskshaw Man Doji on WTI warns of near-term weakness
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