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Stock market review (weekly) after 24th February, 2012.

Markets has not reacted much on Greece outcomes as it was already discounted and in other way it is better to say that market is not satisfied on that temporary solution.
INDEX 24th Feb, 2012 2/17/2011-2/24/2012 (%) 2/10/2011-2/17/2012 (%)



Dow 12982 0.25 1.16 Ftse 5935.13 0.51 0.9 Cac 3467.03 0.79 1.97 Dax 6864.43 0.24 2.32 Australia S&P 4306.8 2.64 -1.16 Shanghai Com. 2439.63

Dax forecast for coming week.

In my last weekly review I was talking that DAX has created a gap, as such this week it just tried to cover that gap. Technical indicators are saying that DAX is in better condition than DOW. I definitely think that still it has a chance to go above 7000 level but if any bad news comes then it may test 6650. But if it completely reverse its position, then it will get initial support around 6450 and then at 6100.


(For last week’s stock market review see – World Equity Market:Stock market review (weekly) after 17th...)
(For this week’s stock market review see –World Equity Market:Stock market review(weekly) after...-blog*spot)

NOTE:  Please see the disclaimer of this blog.

Dow Jones forecast for coming week.

DOW was flat this week, I think it is getting a good amount of resistance at this 13000 level. It can definitely go more in the upside and some technical indicators are still showing that option but for that it has to break 13000 level convincingly. If it doesn’t break 13000 level in coming days then I may change my opinion. I don’t know therefore we are going to see a little correction or a big sell-off but it has a support at 12600 and then 12300. Worst case scenario for now is 11600. Considering the next Fed meeting, later part of the week is very important for DOW.

(For last week’s stock market review see – World Equity Market:Stock market review (weekly) after 17th...) (For this week’s stock market review see –World Equity Market:Stock market review(weekly) after...-blog*spot)

NOTE:  Please see the disclaimer of this blog.

Currency market review (weekly) after 24th February, 2012.

This week it was almost a one-way move for EURO. It also got supports from its derivative data, which showed relative better picture for it. Look like safe heaven currencies may face changes in the environment in coming days.
Currencies 24th Feb, 2012 2/17/2011-2/24/2012 (%) 2/10/2011-2/17/2012 (%)



USD 78.4 -1.17 0.41 EURO/USD 1.345 2.36 -0.38 AUD/USD 1.069 -0.19 0.37 USD/JPY 80.685 1.67 2.14 USD/RUPEE 49.06 -0.3 -0.87 Swiss FRANC

Treasury & Bond market review (weekly), after 24th February, 2012.

So in March, 2012 we are not going to see thefirst sovereign debt default for Euro zone, does it means that we are going to see it later? May be!  But for now looks like that Bond markets are not satisfied with the outcomes, neither those people who are protesting in the streets of Greece. Italian Bonds declined on Euro area service and manufacturing data, while German Bunds rose and it also got support from the shrinking German GDP figure, but things were different on business confidence data. As such 10-year Italian Bond gains for the 7 consecutive weeks. Demand for Spanish Bonds was better ahead of next week’s LTRO.
YIELDs (US) 24th Feb, 2012 2/17/2011-2/24/2012 (%) 2/10/2011-2/17/2012 (%)



2-Year Treasury 0.307 5.14 6.57 5-Year Treasury 0.892 3.48 6.29 10-Year Treasury 1.977 -1.15 1.32 30-Year Treasury 3.099 -1.37 0.42
US Treasury yields have not shown any different picture on that Greece show. After 3 weeks 10 & 30 year US Treasury yields showed weekly negative figures. As we know Fed is buying l…

Future of FTSE.

First be sure that FTSE is in overbought condition, but in the downside I will think much when FTSE crosses 5400. In my previous review I told that 6000 level is very crucial for FTSE. Now in coming days if it breaks that then it can test level above 6300. Here it is important to say that 6100 is the real obstacle for FTSE which it failed to cross during last 3 years. Greece deal (though as I told in my weekly reviews that it is already discounted) may create a good environment. So we can hope for the best, provided my yearly forecast(World Equity Market:Stock market review for year 2011 and stock...)becomes true.


NOTE:  Please see the disclaimer of this blog.

Stock market review (weekly) after 17th February, 2012.

Moody’s downgrade did not able to create panic because that was overcome by Chinese support news and hopes that are building surrounding Greece. Japanese stimulus and better US data also supported the markets.
INDEX 17th Feb, 2012 2/10/2011-2/17/2012 (%) 2/03/2011-2/10/2012 (%)



Dow 12949 1.16 -0.47 Ftse 5905.07 0.9 -0.82 Cac 3439.62 1.97 -1.59 Dax 6848.03 2.32 -1.09 Australia S&P 4195.9 -1.16 -0.14 Shanghai Com. 2357.18 0.22 0.93 Hang Seng 21491.62