Weekly Market reviews
2013-05-13 Weekly Market Review
Post date: 2013-05-13
Weekly Market Review: 13/05/2013
Fundamental Analysis:
Fed, Treasury looking at Bloomberg terminal access - Bloomberg LP’s disclosure that it had curbed access by its reporters to certain client information led to an inquiry from the Federal Reserve and the Treasury.
Bloomberg has cut access by its reporters to customer information, a practice that involved looking at terminal use by Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Timothy Geithner, according to media accounts.
CNBC on Saturday cited a former Bloomberg News employee as saying he had looked at use of the financial data and News Company’s terminals use by Bernanke and Geithner.
Technical Analysis-Currencies
EUR / USD
America Continues to Impress!
The Why: The U.S. dollar continued its gains from Thursday against most major currencies into Friday after official data revealed far less individuals filed for unemployment assistance in the U.S. last week than expected.
Talk Back: More jobs is more money in the bank and a higher production and economy rate for the U.S. America will seek to continue the trend through this week, May 13-17.
The Numbers: EUR / USD opened Friday at (1.3044) and dipped to (1.2990) by the weekend.
Recommendations: a (Call) option at (1.3000) and a (Put) option at (1.2800).
USD/JPY
Japan: Where’s our Money?
The Why: The U.S. dollar continued to climb against the Japanese yen during Monday’s Asian session following the release of money supply data by the Bank of Japan.
Talk Back: Not a good start to the week as Monday opens for Japan with missing funds. The U.S. can take major advantage with its own recent success. This may be an interesting upward trend.
Numbers: USD/JPY opened Friday at (100.64) and lifted itself to (101.62) by Week’s End.
Recommendations: a (Call) option at (102.00) and a (Put) option at (101.00).
Eat Popcorn and Watch…Youtube?
The Why: Google has announced the introduction of paid Youtube channels, a move that could attract quality content and hurt Netflix Inc.
Talk Back: Not a surprising move by Google at all. The internet giant continues its dominance in the market, competing with all industries on all levels. If the new Youtube will be nothing like Google+, this will be a major game changer. Investors have already shown interest, see the numbers
The Numbers: Google opened Friday at (871.48) and rose to (880.23) by Saturday.
Recommendations: a (Call) option at (885.00) and a (Put) option at (875.00).
Technical Analysis – Commodities
Gold
Is the Dollar the new Gold?
The Why: Gold prices took a nosedive in U.S. trading on Friday as investors snapped up dollar positions ahead of a G-7 meeting of finance ministers and central bankers took place in the U.K. Uncertainty over policy stances on stimulus tools, which weaken paper currencies to spur recovery, bolstered the dollar's safe-haven appeal.
Talk Back: Too bad Gold can’t speak for itself. Once again, investors only run after Gold when the world is in trouble. For now, the U.S. is strong and investors are flocking there. Keep a lookout for Gold as it waits to pounce.
The Numbers: Gold- opened Friday at (1457.35) and nested in at (1446.65) by the end of the day.
Recommendations: a (Call) option at (1450.00) and a (Put) option at (1440.00).
Oil
U.S.: Leave the Oil and Let’s go outside!
The Why: Mild weather kept Oil off the U.S. charts as cooling systems nationwide left unused. Natural gas prices fell on Friday as investors avoided the commodity.
Talk Back: Oil continues its drop as it hopes for warmer weather, literally.
The Numbers: Oil - opened Friday at (96.19) and nested in at (95.94) by the end of the day.
Recommendations: a (Call) option at (96.50) and a (Put) option at (95.00).
Upcoming events 13/05/13
13:30 GMT
Core Retail Sales (MoM): USD
13:30 GMT
Retail Sales (MoM): USD
Indices
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|
1625.65 |
-3.85 |
-0.24% |
|
|
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|
|
2970.30 |
-5.20 |
-0.17% |
|
|
|
|
|
15118.49 |
+35.87 |
+0.24% |
|
|
|
|
|
8278.59 |
+16.04 |
+0.19% |
|
|
|
|
|
6624.98 |
+32.24 |
+0.49% |
|
|
|
|
|
14782.21 |
+174.67 |
+1.2% |
|
|
|
|
|
83.20 |
+0.03 |
+0.03% |
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