? Crude oil, gold may rise as correct more related to the risk assets

25 may 2012 strategist 08: 45 GMT Talking Points
Oil, copper more objective as taken profit driven risk recovery gold and silver may rebound on Haven demand is waning US dollar European actions are accelerating and S & P 500 futures index fellow point, hinting risky are likely to remain supported in that Wall Street is online. It is for a favourable environment for growth crude oil and the price of copper, where the correlation with the stock benchmarks remain important. During this time, gold and Silver were brought to bounce as a recovery in the sense of the Havre drains demand for the US Dollar.
With the fact EU leaders Summit and the last batch of PMIs of the China and the euro area, which underlines the seriousness of the winds, the world production, the provision of negative thoughts in the short term that can theoretically affect markets is running dry. Simply, while there are reasons enough to be generally little risk, it may appear more attractive to get shorter at the current level. This opens the way to profit taking to stimulate a corrective recovery until the return of the bear in force before the Greek election rehearsal in mid-June.
The economic calendar is calm in European hours, moving the spotlight of the revised version of University of Michigan gauge of confidence of the consumer as the next significant bit of event risk. Expectations call for confirmation of the results reported to the origin of 77.8, the highest reading since January 2008. After a second week of mixed may survey results, the result could be to tip the balance in the development of the perception of the traders of the US recovery and its ability to mitigate the pressure downward Europe and Asia-focused on global growth.
WTI crude oil (near NY): $90.66 / / + 0.76 / / + 0.85%
Put price in the form of Harami candlestick above resistance-turned-support to 90.49, evoking a corrective bounce may be coming. Positive divergence in RSI strengthens the case for a scenario head. Initial resistance to the 92.51 lines, a former support marked by December 16, low, with a high thrust that on 2 February 95.41 low targeting.

Daily chart - created with FXCM Marketscope 2.0
Spot Gold (near NY): $1559.25 / /-2.20 / /-0.14%
Strictly sliding below price of 1560.98, the tracing of 23.6% Fibonacci support, exposing the next major disadvantages barrier in the region of 50 1522-1532 45. The absence of significant conviction on the less break is monitoring in question however, suggesting the 38.2% Fib 1582.10 perhaps the threshold of resistance in the short term more important.

Daily chart - created with FXCM Marketscope 2.0
Cash (near NY): $28.30 / / + 0.50 / / + 1.80%
Prices are recovering from 27,06 support after placing in a model of Bull candlestick engulfing to the resistance of 28.70. A break above this level exposes initially 29.71. Alternatively, a reversal, with support exposes zone 26 05-15.

Daily chart - created with FXCM Marketscope 2.0
COMEX E-Mini Copper (near NY): $3.428 / / + 0.032 / / + 0.94%
Prices are mounting an intraday support 3.438, expansion of Fibonacci 100% recovery. Negative divergence of the IHR strengthens the case for a scenario head. Lines initial resistance to the 3.537, at the level of the expansion of 76.4%. Alternatively, a break under load exposes 123,6% 3.327.

Daily chart - created with FXCM Marketscope 2.0

$ Dollar, Yen, vulnerable, as markets absorb news related to the stream Greece

May 17, 2012 strategist 06: 33 GMT Talking Points
Dollar and Yen Correct lower in Asia, more than Q1 GDP Slump for the same likely prior to Confirmation of the Spain Bond Auction unlikely surprise us economic Data Set potential of Japan Boost risk Sentiment recovery forecast Tops of economic growth, Q4 revised Contraction Away The US Dollar and Japanese Yen corrected lower during the night that the stocks increased in Asian tradesinking of the currencies refuge go - to application. The MSCI Asia Pacific index rose 1% regional reference shares after topped expectations, Japanese GDP figures showing the output increased by 1% in the first quarter. The result of the fourth quarter has been revised also more clear contraction initially reported 0.7 to show a modest increase of 0.1% instead. The Japan is the second largest Asian economy after China and better performance it stimulated regional perspectives in General.
In the future, S & P 500 stock index futures are pointing more strongly, pointing out the risk appetite may continue to recover at the expense of the Dollar and the Yen in the next few hours. Corrective rebound seems reasonable. The prospect of the Greece out of the eurozone - the catalyst behind the last rout the entire spectrum of risky assets - appear to be shocking power for the time being given the traders to wait for a repeat of the general election on June 15 to get their bearings on the situation. In the meantime, the already exit negative news flow it is probably entered prices, encouraging a period of profit.
The economic calendar is relatively calm, with a final revision of the figures of the Spanish GDP amounting to the only little risk of important event. Expectations called the original result showing a contraction of 0.3% quarter to quarter to confirm. Madrid is also due to a slice of 2015 and 2016 bonds. Traders will be keeping an eye on the average yield and readings of submission to the other, but an increase in borrowing costs seems unlikely stir after the fireworks as German and Spanish spread between reference 10-year bond rate hit a record rate yesterday 487.7 bps.
Later in the day, the economic role of the U.S. can help feeling of higher training. Initial and continuing jobless claims are expected to print lower, with former hitting the lowest six weeks at 365 K whereas the latter defines an another four years to 3225K down. Separately, the tonnage of the Philadelphia Fed business confidence should rebound in may after having struck a minimum of three months in April. Finally, the composite Leading Indicators sees increase of 0.1% in April, marking the increase in the seventh row and reached the highest level since June 2008.
Asia session: What happened
-Prices of inputs (QoQ) (first quarter)
Price - output (QoQ) (first quarter)
Consumer Inflation expectation (may)
ANZ consumer confidence index (may)
ANZ (MoM) consumer confidence (may)
The average weekly wages (QoQ) (FEB)
The average weekly wages (YoY) (FEB)
Sales of condominiums in Tokyo (YoY) (APR)
Industrial production (MoM) (MAR, F)
Industrial production (YoY) (MAR, F)
Use of capacity (MoM) (MAR, F)
Commands of the machine tool (YoY) (APR F)
Session of the euro: what to expect
Critical levels