Monday, June 24, 2013

June 24th, Daily Report

This week will continue marked by the downtrend that started last Wednesday after Bernanke's words. In addition, we have woken up in Europe with a sharp drop in China's stock market, which has fallen by -5%, the biggest fall since August 2009.

Sharp decline of the EUR/USD, from levels of 1.34 to 1.31. The market of raw materials is also heavily burdened by the sharp drop last week.

Bond yields are rising alarmingly. The American 10-year Treasury bond has risen to 2.6%, the highest since August 2011.

A bearish week is expected due to the fear that still exists about the end of QE, the liquidity crisis in China and the sharp fall in commodity prices. Despite some strong technical rebounds, the major trend remains clearly bearish.

Technical Analysis:

S&P 500

The falls are taking over Wall Street after Bernanke's words. The level of 1590 has been lost again, and we continue taking as reference the main bearish trend, which is still respected by the continued bearish raids. With volatility at fairly high levels, if the trend turns around, do not enter the index until it exceeds the 1590 points.

Nikkei 225

Laterality for the Japanese index. After falling in the Asian session, the price starts to set a side channel in the Fibonacci 50. With volatility at high levels, the indicators are not showing a clear trend, so we can not lose sight the yen and monetary policies. Continue to monitor the area of ​​12600 before taking bearish positions.


  1. we invest proper and your market strategies will help to grown your business.

  2. The RBI on Tuesday lifted the ban on FIIs buying into the city-based Yes Bank following a fall in shareholding by them in the private lender. The restrictions placed on the purchase of shares of the company is withdrawn with immediate effect under the portfolio investment scheme.
    equity tips

  3. all update in stock market are helpful if updates presences by best analyst Epic Research has experienced analyst of the all market.