Research (Investicniweb.cz)
Currencies  |  November 26, 2012 22:49:25

Euro's gashed: December is beautifully green



Markets have had a great week. I think that it is decided where the markets will go mostly in December. To my certainty contributed one factor, namely the weak dollar and the strong euro. On Friday, beating both 50-day and the 200 diameter, so it has an open path to the level of 1.34 EURUSD. (Source: Finecharts.com)

Euro

Weak dollar and strong euro should positively affect not only the European markets but also the performance of metals, other currencies (AUD, CAD) and U.S. equities. But they will lag behind the European (as long as the strong euro).

ETF EURUSD

S & P 500

A rapid rise in price confirms my point from the beginning of October, the index will head to the level of 1500 points. Probably not now, because the new growth straight to the highs would be abnormal after strong declines of the past few weeks. After all, I still waited for some fall.

But due to the strong euro and weak dollar to see new highs at the end of the year as very realistic. Markets go from extreme to extreme, scared quickly replaced by euphoria. Traders fear, by contrast, did not they escape to their price increases. The fact that it should still come fall, speak volumes of shops that were in the past five trading days, a clear downward trend.

S & P 500 - Technical Analysis

What indicates the NASDAQ index technical analysis, can be found on the web Investment

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