Global growth concerns are less of a worry in Q4 as compared to previous quarters. While the US benchmark indices have rallied back towards the flat line, the European bond yield has kept investors on the edge.
If you’re investing or trading, one of the indicators you need to watch out for are the global sovereign bond yields. As of late, the French and Spanish bond sales were well received yesterday. The yields for France, Spanish and even Italy are below the sustainable 7%.
Have you been noticing the US dollar index lately? Since it tried to test the resistance level of 80, it seems that it will be a deja vu !
Where has the market headed?
With China cutting the RRR by 50 basis point and the joint coordination of Central Banks actions, both on Wednesday, coupled with bond yields lowering the sustainable level. Markets rose while taking a breather on Thursday.
I suspect Asia will be quiet on Friday morning with some action late in the Europe session while awaiting for the US nonfarm payroll data. The short to medium term, say one month will largely depend on the NFP data due, 930pm Singapore time.
If favorable, the US major indices will have one of the best week rally since March 2009!
Happy trading!
Hi,
ReplyDeleteWhat a coincidence!
Financial providers like Bloomberg, CNBC, etc, are reporting that the US markets has the best one week rally since March 2009.
Was it a copy and paste from my post?
The blogpost that precedes the headlines! Once again!