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Author Topic: Today's Outlook  (Read 842680 times)

Moonraker

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Re: Today's Outlook
« Reply #135 on: May 17, 2013, 03:42:36 pm »
Saturday speech from Fed Chairman Bernanke on long-term economic prospects. Market may dip later today ?

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Nivek

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Re: Today's Outlook
« Reply #136 on: May 20, 2013, 07:48:16 am »
Hope everyone had a great weekend. Asia looking very strong this morning. Gold looking rather weak, sorry jaDEB  :(
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Moneypenny

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Re: Today's Outlook
« Reply #137 on: May 20, 2013, 08:28:56 am »
Not much happening on eco reporting today, IGM @ 113 positive.


Edit: 5 minutes later IGM @ positve 276
« Last Edit: May 20, 2013, 08:34:58 am by Moneypenny »
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Nivek

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Re: Today's Outlook
« Reply #138 on: May 21, 2013, 11:00:27 am »
Reserve Bank of Australia dropped the interest rate by .25% to 2.75%.

Germany PPI prev 0.4% consensus 0.2% actual 0.1%.
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Moneypenny

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Re: Today's Outlook
« Reply #139 on: May 22, 2013, 10:18:21 am »
SA CPI prev 1.20%, Exp 0.20%, Actual 0.40%
10:30 MPC Minutes & Retail Sales UK
16:00 Fed Chairman Testify US
20:00 FOMC Minutes US
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Moneypenny

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Re: Today's Outlook
« Reply #140 on: May 22, 2013, 04:12:41 pm »
So Bernanke confirmed he is still king of the world, up we go.
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Patrick

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Re: Today's Outlook
« Reply #141 on: May 22, 2013, 05:19:11 pm »
Excellent  ;D
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Moneypenny

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Re: Today's Outlook
« Reply #142 on: May 23, 2013, 07:42:03 am »
Excellent but short-lived, sorry P :o

Chinese PMI <50 earlier indicating contraction, send Asia into tailspin.  Nikkei -4.34% (was -6% at one stage), HS -2.09%, IGM - 320, Futures all very red.

UK GDP @ 10:30, US initial jobless @ 14:30 and SA interest rate @ 15:00 (5%), New Home Sales US 16:00 and Draghi speaks 21:30.
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Moneypenny

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Re: Today's Outlook
« Reply #143 on: May 23, 2013, 08:02:41 am »
Nikkei closed at -5.74%
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Patrick

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Re: Today's Outlook
« Reply #144 on: May 23, 2013, 09:53:22 am »
Quote from: Moneypenny on May 23, 2013, 07:42:03 am
Excellent but short-lived, sorry P :o

Short indeed, but I've just freed up some more cash to buy, it'll hopefully be in my trading account by tomorrow. I just need to try and anticipate which day would be best to buy. Any tips from the sage of shareforum  :D
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Orca

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Re: Today's Outlook
« Reply #145 on: May 23, 2013, 10:15:09 am »
My brokers website has a technical chart of the S&P 500 this morning that shows a downtrend lasting 4 to 6 trading sessions.
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I started here with nothing and still have most of it left.

Moonraker

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Re: Today's Outlook
« Reply #146 on: May 23, 2013, 12:56:32 pm »
Is this 'sell in May and go away' ?

Quote
European markets gained late yesterday after Fed Chairman Ben S. Bernanke said in a testimony to the Joint Economic Committee of Congress in Washington that reducing stimulus measures too soon would endanger economic recovery.

U.S. stocks, which had rallied on those comments, later fell after Bernanke indicated that the central bank will scale back stimulus if economic conditions improved. He said the flow of purchases could be reduced “in the next few meetings” if the Fed is confident gains in the economy can be sustained.


Chinese Manufacturing

In China, a report showed manufacturing is contracting in May for the first time in seven months. The preliminary reading of a purchasing managers’ index for Chinese manufacturing declined to 49.6 in May from 50.4 the previous month, HSBC Holdings Plc and Markit Economics said today. That missed the 50.4 median estimate in a Bloomberg News survey. A reading below 50 signals contraction.

Source: http://www.bloomberg.com/news/2013-05-23/german-stocks-drop-on-u-s-stimulus-concerns-china-data.html
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Moonraker

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Re: Today's Outlook
« Reply #147 on: May 23, 2013, 03:27:57 pm »
Repo rate unchanged. (Expected)
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Moneypenny

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Re: Today's Outlook
« Reply #148 on: May 24, 2013, 08:57:25 am »
Yesterday's -1200 point count was spectacular, obviously depending on how you were positioned.

Futures higher, IGM +206.  German business climate @ 10:00, US Core durable goods orders @ 14:30
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Patrick

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Re: Today's Outlook
« Reply #149 on: May 24, 2013, 01:14:45 pm »
Glad I didn't buy earlier, looks like prices are back to where they started today...
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