The technical report to world markets 1,9,2012

The technical report to world markets  1,9,2012

Financial Markets Eased ahead of Bernanke's Speech

Financial markets eased a tad despite more good news from the US data. Investors do not prefer to see improvement in economic dataflow recently as this might suggest delay in Fed’s monetary easing actions. In the Eurozone, sentiment was weighed down as Spanish Prime Minister Rajoy said the country would delay seeking a bailout until conditions of any rescue package are confirmed. The conditions, according to French President Hollande, would be finalized at the October 19 European summit. Wall Street dropped with DJIA and S&P 500 losing -0.81% and -0.78% respectively. Shares in Asian session on Friday also weakened ahead of the Jackson Hole conference. In the commodity sector, the front-month contract for WTI crude oil dropped for a second consecutive day, losing initially to 93.95 before ending the day at 94.62, down -0.91%, while Brent crude changed little. Gold also slipped further as the US dollar strengthened amid easing QE3 expectations Technical analysis indicator  DJIA  were deliberating within cleat as shown on the graph and probably aimed at 13500 during the coming months Index S&P 500 moving in a bullish channel is probably targeting 1450 within months

Dollar Index moving in a bullish channel and we have to wait some time to decide whether it is positive or negative

Apple shares as shown on the chart targets $ 750

 Facebook shares made ​​new figures on the way to the bottom and probably aimed at $ 15

Gold

Gold moving in a bullish channel within the transverse channel

                                                               EUR/USD

's rebound form 1.2042 extended to as high as 1.2637 last week. Initial bias remains on the upside this week and current rise should continue to 1.2747 (50% retracement of 1.3486 to 1.2042 at 1.2764). On the downside, though, break of 1.2465 minor supp

                                                    GBP/JPY  Targets 127

update 13,9,2012
DJIA

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