Forex Live News Feed
forex live news feed
Day Trading Economic News Analysis: S & P 500 June 14, 2010
Understanding the meaning of market and economic activity will result in profitable trades. Continuing with our direct news sources TraderMongers.com!
S & P 500
The last two days we had a meeting on short covering before the weekend. Many believe that the gold rally is over because of deflation hits European countries and the impending economic slowdown in China. But gold was pushed higher between April and due to a million weddings in India in May now that the demand for gold is done, we have to look at what will drive the gold in the immediate future. main issue is the security of shares and real estate. Other vehicles are safety the dollar and the Treasury.
Next week is a big week for housing markets, the CPI data, and Quadruple Witching Day approaches. Wednesday FedEx quarterly earnings report and will also provide global trade. Many traders and investors decide where to invest their money. The euro will the most likely to continue lower due to the high rate of unemployment in Greece to more than 12% while Spain struggling with 20%.
The S & P 500 is currently trading above moving averages Chart door as five minutes to cover their short positions before the weekend. We are currently negotiating the level of 1090 major hub. All trade below this key state could bear the hammer on the market down.
Markets appear to remain between 1050 and 1100 summer months at low volume. We are currently between 144 and 200-day moving averages on the daily chart. With a large number economic data next week and Quadruple Witching on Friday, when the maturity of the various financial instruments due, do not expect a rally confirmed especially during low volume of trading in the summer. We still believe that the new positive is considered a temporary mount to move in August, which is considered the most slower trading months.
The Chicago Board Options Exchange (CBOE) Market Volatility Index (VIX) measures the activity in the options market and monitoring is widely used S & P 500. A common negotiating strategy for traders and investors VIX includes a level of 30 or more means an immediate step to own shares. Traders and investors withdraw from the markets and find safety and security within the treasury, gold, and dollar.
While holding above the level of pessimism that they expect to get closer to the slow summer months. Today, VIX is above the 144 and 200-day moving averages on the daily chart. The volatility index is just below the level 30 and there is some support due to the convergence of 144 and 200-day moving averages the daily chart 25.
The small volume of the recent recovery and settlement of investors in mutual funds, because cases as the flash of the terrible accident, "European debt crisis and BP Oil Spill expected return and volatility traders prey and making money on both ends. Merchants to buy when investors are scared and sell when they are elated and confident.
Summary of technical standards and pivot
1219: S & P 500 52 weeks
1110: 144 days moving average on the daily chart Fibonacci
1100: Resistance Level natural
1 090: Important Pivot Level
1085: 200 Fibonacci Day Moving Average on the daily chart
1081: 144 days Average Mobile Fibonacci Chart 5 Minutes
1077: 200 Fibonacci day moving average chart in 5 minutes
1075: Level of natural support
1050: Level of natural support
Monday Economic Calendar
There are a number of economic line – Surveillance European and Asian markets
Resignation
The content of this website is provided for educational purposes and informational purposes only. We do not offer investment advice and nothing herein should be construed as such. There is a risk of loss when the investment performance past is no guarantee of future results. Trade is the sole responsibility for the person. No reader should act on the basis of any material contained in this document without obtaining appropriate professional advice. Every investor or trader should consider all offers of products and services on its own merits and suitability individual circumstances and personal needs.
About the Author
Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News
forex trading – news trading UK Retail Sales – Using Dual Fibonacci entry
