Name Price Chg %Chg
FTSE 100 5399 95.60 1.80%
Dow Jones IA 11433.18 330.06 2.97%
NASDAQ 2566.05 86.70 3.50%
DAX 30 5847.29 171.59 3.02%
CAC 40 3161.47 65.91 2.13%
AEX 471.77 6.65 1.43%
GBP/USD 1.565 38/57 0.01 0.67%
GBP/EUR 1.14 77/86 -0.01 -1.09%
EUR/USD 1.36 34/38 0.02 1.74%
USD/CHF 0.90 44/47 -0.02 -2.32%
USD/JPY 76. 64/68 -0.15 -0.20%
GBP/JPY 119. 97/.1 0.56 0.47%
Gold $/oz 1681.33 37.48 2.28%
Silver $/oz 32.23 0.56 1.76%
Platinum $/oz 1523.25 28.25 1.89%
Palladium $/oz 613.25 29.30 5.02%
Brent Oil $/barrel 109.15 3.38 3.20%
WTI $/barrel 85.62 2.93 3.54%
10-Year 2.125 08/15/2021 100-13¾ / 2.08
2-Year 0.125 09/30/2013 99-21¾ / 0.29
US Dollar Index 77.62
Alcoa due to release tomorrow, if earnings are poorer than expected. WHICH I HOPE (sorry Alcoa), and the Dow then sells off initially, it'll be a great buying opportunity (ideally around 11200-11270). The market sometimes acts like Alcoa is some sort of indicator for coming releases and gets paniced into selling..
Furthermore, GBP/USD has hit its medium term target I set last week, of 1.565. And with rumours now building of potential for QE3. Long Dow Short Dollar looks good for now.
Markets were lifted today by news that Sarkozy and Merkel will release a consolidated plan of Action for the eurozone at the start of November. So until then, with only earnings on the board, and reduced estimates by analysts influenced by the last quarters market declines and poorer than expetced economic indicators, odds for upside gains in equities continue to look good.
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