Best Financial Markets Analysis Article This morning there is a muted reaction to the downgrade of Spanish debt by ratings agency S&P. It seems that the agency has done little more than confirm what markets have been saying for weeks. Today we have the start of the G20 meeting which runs into the weekend. The talks will be centred around Europe with terms of the rescue plan still being finalized amid news that France and Germany are disagreeing on Lisbon treaty reforms.Markets are in a holding pattern right now, but this could be broken by some strong data from the US today.

Last week it was the better than expected NFP data that lifted markets and with US retail sales data due today. Today American shoppers could once again provide Europe with some breathing space. Or not…The hourly charts of the EUR/USD and AUD/USD capture the current mood rather well with choppy range bound trading being the dominant theme in the last couple of days.

The USD/CAD is showing a similar pattern with the pair’s descent coming to a halt around 1.2000.

Gold is no longer a one way ticket, but the trend still seems to be pushing higher. A breakout day is surely due.

Coming up today we have US retail sales and core retail sales due at 13.30 with a rise expected of 0.2% and 0.5% respectively.At 14.55 the consumer remains in focus with the release of preliminary University of Michigan Consumer Sentiment figures. A rise to 60.20 is expected.The current impasse cannot last forever with pairs such as the NZD/USD looking prime for a breakout.

A good way to play this at Betonmarkets might be an IN/OUT trade predicting that the NZD/USD closes outside of either 0.7850 or 0.8050 in 3 days’ time (Monday). This could return 177% if successful.

Dave Evans
Email: editor@my.regentmarkets.com
Url: www.BetOnMarkets.com

With BetOnMarkets, you can trade an ever increasing list of globally traded stocks, indices, commodities and forex currency pairs from one account using a uniquely LOW RISK trading platform that lets you lock in your level of risk and exact return BEFORE you commit to a trade. You can bet on over 100 currency pairs, indices, commodities and stocks with bets ranging from 30 seconds up to 360 days. You can fund your account with as little as $5 and bet for just $1 and its unique "fixed returns" service means you know exactly how much you stand to win or lose before you commit any money. If you are looking for a low cost, low risk way to participate in the markets, then BetOnMarkets is for you. Check us out now at www.BetOnMarkets.com

Disclaimer: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Do your own due diligence.

Regent Markets Archive

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.