U.S Market Review on December 5, 2014

InvestClinic - In the US session today will be 3 to data released by that Non-Farm Employment Change in estimate rose from 214K into 231K, the trade balance of -43.0B strengthened to -41.3B, while unemployment is expected to remain at 5.8% figure.

 
Previous dragi has not provide a strong enough signal of additional monetary stimulus, so that the EU has strengthened. The ECB also cut its growth forecast for the euro zone next year to 1.0% of the projection in September by 1.6%. 

Inflation expectations for 2015 are also reduced to only 0.7% from the previous 1.1%, well below the ECB's target of close to 2%. based on the description above can be concluded that for the news tonight in the prediction would side with the USD. For long-term euro also allegedly would have strengthened, if the issue of QE will actually be applied.

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Japan’s Nikkei Jumps 2 pct on Exporters, Recovers From Cyprus Blow

Japan’s Nikkei average rebounded 2 percent on Tuesday, regaining some ground lost in the previous session as fears receded that a controversial bailout proposal for Cyprus could reignite the euro zone crisis.

Analysts said that the disruption to the Japanese market from the unusual bailout plan for Cyprus seems to have run its course, although the Japanese equities market is prone to volatility because it is vulnerable to a rise in the yen when global market uncertainty increases.

“It looks like the bailout issue will be contained in Cyprus itself and it probably won’t spread to the euro zone. As the Japanese market was rallying lately, Monday’s selling served as a good opportunity for correction,” said Yutaka Miura, a senior technical analyst at Mizuho Securities. “But European debt issues will likely take years to be resolved, and we need to be prepared for a sell-off like this again as the Japanese market could easily get hit by a strong yen when investors buy the yen.”

The Nikkei added 247.60 points to 12,468.23 after sliding 2.7 percent on Monday, its biggest one-day drop in 10 months. The index is just 0.74 percent away from a 4-1/2 year high of 12,560.95 marked last Friday.

Ahead of a parliamentary vote in Cyprus that will either secure the island’s financial rescue or threaten default, euro zone ministers have urged Cyprus to let smaller savers escape a controversial levy on bank deposits.

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HangSeng kept under depressed

HangSeng kept depressed, getting closer to support at 22,367. Preference for today is bearish, especially if the support is transparent and will potentially increase the bearish pressure could suppress HangSeng to the range of 22173-21956.

Although stochastic and CCI 1 hour shows oversold indications, the strong bearish pressure is likely to reduce the possibility of a pullback today. However - if any pullback occurs - is expected to be held in the area of ​​resistance in the range of 22561-22779. Intraday bias will turn bullish only if it broke resistance at 22,779. If that happens, then there are opportunities for bullish movement to the range of 22996-23190.

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S & P 500 Potencially Bullish

Generally, intraday bias of the S & P 500 index movement looks on bullish condition. Technically, the stochastic indicator is in potential bullish condition. If index strengthen up and penetrate resistance at 1551.25 would have a chance to bring index move upwards towards resistance at 1556.42.

Meanwhile, be-alert if bearish signal was appear in index movement. Be-warn, if index weaken and penetrate support at 1546.77 that there is potential index will move downwards towards the next support at 1541.75.

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Dow Jones Potentially on Correction Phase, Be-warn Support at 14339

Generally, intraday bias of the Dow Jones index movement looks on bullish condition. Technically, the stochastic indicator is in potential bullish condition. If index strengthen up and penetrate resistance at 14382 would have a chance to bring index move upwards towards resistance at 14432.

Meanwhile, be-alert if bearish signal was appear in index movement. Be-warn, if index weaken and penetrate support at 1439 that there is potential index will move downwards towards the next support at 14291.

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