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Early Comment: The Market Is Down &Nbsp Or Will Enter The Stage Of Rest.

2011/2/25 15:49:00 37

24 day international

commodity

As a whole, the trend of inflation is falling. Most commodities in the market keep rising. However, the narrow end of the stock market is tightening. The trend of US stock and euro also has a certain impact on the market. In the short term, the market will enter a rest stage.

The US stock market continued to slide in the afternoon of 24, while the main stock index expanded. The Dow index fell nearly 80 points, and has dropped sharply for third consecutive trading days.

Driven by the rise in Priceline.com, the NASDAQ decline is relatively small.

The company's performance exceeded market expectations.

The stock is currently up 30.71 US dollars to US $456.70.

The Treasury bond market remained strong, and the 10 - year treasury bond rose by half a point, and the yield fell below 3.43%.

Long term treasury bonds went up even more.

The latest durable goods orders report is mixed. Last week, the number of initial jobless claims was better than expected. Investors are still concerned about the latest developments in oil prices and the situation in Libya.

The Dow Jones Industrial Average fell 60.25 points to 12045.53 points, or 0.50%, and the Nasdaq composite index rose 2.64 points to 2725.63 points, or 0.10%, while the standard & Poor's 500 index fell 5.09 points to 1302.31 points, or 0.39%.

On the 24 day of New York's foreign exchange market, the euro continued to rise against the US dollar. The exchange rate touched a 1.3819 high in the day. The Fed governor Brad said he did not rule out the introduction of the third quantitative easing policy. In addition, Webb, the European central bank governor, said the direction of interest rate adjustment was rising.

Brad, 24, said the recovery of the job market will be slow and gradual, and the unemployment rate will only drop slightly.

It can not be said that the third quantitative easing policy will never be launched because we do not know how the economy will develop.

He also said the Federal Reserve would extend the second quantitative easing policy to the third quarter, giving more room to assess data.

At the same time, Webb, the European Central Bank Director, said that interest rates could only be adjusted in one direction as inflation risks rose.

In addition, Spanish Prime Minister Zapatero (Jose Luis Rodriguez Zapatero) said Spain is about to successfully restore confidence in the financial market.

Influenced by the above remarks, the US dollar is mainly against the US dollar.

currency

Across the board, the US dollar index reached a three week low of 77, and the euro broke through the 1.3800 barrier against the US dollar and hit 1.3819 of the intraday high.

US data released during the New York session are mixed, and the US dollar is under pressure after data.

But there are different trends between the US dollar and the US dollar.

At present, the US stock market has rebounded sharply, changing the yesterday's downtrend and stimulating the risk preference to pick up. The euro and the US dollar are expected to continue to receive further interest rate hikes in the near future, and the support for the stock market rally will further rise.

Short term resistance is now at 1.3860 of February 2nd high.

The pound fell sharply against the US dollar, which is now trading at 1.6120 levels.

Meyers David Miles, a member of the BOE, said that the Bank of England needs to act cautiously when taking measures to curb inflation to the target level so as not to hurt the economic recovery. (MPC)

NYMEX crude oil futures rose on the 24 day. The US Department of energy said in a week report that the US crude oil supply increased by 822 thousand barrels to 346 million 700 thousand barrels as of February 18th.

Analysts expect an increase of 1 million 100 thousand barrels based on the median estimated value of 15 analysts who had previously received media surveys.

The April delivery of NYMEX crude futures rose 1.11 U.S. dollars, or 1.1 percentage points, to 99.21 U.S. dollars / barrel. The rise in crude oil prices also resulted from the tension in North Africa's major producer countries, resulting in a 2/3 loss of crude oil output.

Goldman Sachs said that any reduction in production would have a "huge upward risk" for prices, and the further disruption would create serious shortages in the global oil market.

COMEX copper rose on the 24 day, and US favorable economic data supported the copper market.

The most active COMEX in March rose 4.35 cents, or 1%, to 4.3190 dollars / pound.

The slash February contract rose 3.15 cents, or 0.7%, to 4.3050 dollars / pound.

US Department of Commerce 24, U.S. durable goods

Order

The increase was 2.7% to 200 billion 550 million dollars after the quarter adjustment.

Economists had expected growth of 2%.

Traders see durable goods orders as signals of higher demand for the manufacturing sector, and manufacturing is the main copper consumer in the economy.

"Data on the base metal market will continue to be constructive," said Matt Zeman, head of the LaSalle Futures Group trading department.

New York Commodity Futures Exchange (COMEX) gold futures closed for the fourth consecutive trading day on the 23 day, as tensions in the Middle East weakened investors' demand for risky assets.

The most active April gold futures settlement price rose 12.90 US dollars to 1414 US dollars per ounce, or 0.9%.

The slash February contract settlement price rose 12.90 US dollars to 0.9% US $1413.40 an ounce.

The contract will expire on the 24 th.

Gold prices have soared by 7.3% over the January 27th low as the anti government demonstrations spread in the Middle East.

In Libya, armed forces have repeatedly opened fire on demonstrators in the capital Tripoli, and Moammar Gadhafi has vowed to suppress opposition forces in Libya.

The uncertainty of the region's prospects has boosted the demand for gold, and investors are worried that if they invest their wealth in the stock and bond markets, they may want to avoid any loss by investing in gold.