| . |
| Gulf Analytics FX Research Weekly Report Feb 28th 2011 |
| Real-time Signals | Charting & Analytics | TA Newswire |
| . |
| | Trade Signals | TA News-wire | Financial News | World's 1st Real-time FX & Futures Signal Service via BBM |
| . |
| Free Weekly Research |
Join our mailing list and
receive free weekly TA
research from our experts.
receive free weekly TA
research from our experts.
Contact us by email and IM
research@gulf-analytics.com
gafxresearch@yahoo.com
research@gulf-analytics.com
gafxresearch@yahoo.com
| ._ |
| ._ |
| © 2007-2011 GAFX . All Rights Reserved |
__________________
> Real-time Quotes
__________________
> News Center
__________________
> Expert Forum
__________________
> Economic Calender
__________________
> Corporate Services
__________________
> Real-time Quotes
__________________
> News Center
__________________
> Expert Forum
__________________
> Economic Calender
__________________
> Corporate Services
__________________
GAFX Technical Analysis
If it wasn’t for US$ 600bn of market priming free money from Bernanke, major world indices would
have tanked last week. With US$ 350-400bn left to spend we doubt the Middle East uprising will
burst Ben’s Bubble just yet, unless of course Saudi faces an uprising in its eastern, mostly Shiite
provinces (near Bahrain).
- The uprisings in the Middle East are indeed worrying, but have yet to have the effect on oil, or stocks for
that matter that could have happened. The latest worry is not Libya but Iraq, and significantly the small
Gulf Emirate of Bahrain.
- It is important to note, the Americans for the most part do not see Libya as a major concern
Several European governments, notably Italy and to a lesser extent France and Spain can not brush off
the country as easily, with Italy very dependent on oil and gas from Gadhafi’s wells.
- Everyone is basically waiting for the mad dog of Africa to be shot, and if this indeed occurs the markets
will rally strongly for a brief period of time. The US Dollar seems to fall regardless of the news, so it will
probably head deeper south and take out the year to date low at 76.88 if there is a quick end in Libya.
- All of this leaves us with mixed feelings. On the one hand the liquidity driven QE2 rally looks as if it has
legs to run regardless of the geopolitical outlook, with the likes of the Dow and many Asian equity
indices but a good day or so away from reigniting rather bullish trends.
- It just does not feel right to our best money management judgment to ignore the risks however, with
the news Saturday of a (successful) bomb attack on the largest oil refinery in Iraq and considerable
discontent in many cities there, it seems to us the risk of the events in the Middle East and North Africa
reaching tipping point are still high. By tipping point we mean oil runs and does not stop until NYMEX is
north of US$ 105 and gold posting prices nearer US$ 1440 an ounce.
On a relative strength basis, Oil has not performed the S&P 500 for over a year, but that will change if
NYMEX trades much above US$ 100 this week.
Download the full report as a PDF file by clicking here
have tanked last week. With US$ 350-400bn left to spend we doubt the Middle East uprising will
burst Ben’s Bubble just yet, unless of course Saudi faces an uprising in its eastern, mostly Shiite
provinces (near Bahrain).
- The uprisings in the Middle East are indeed worrying, but have yet to have the effect on oil, or stocks for
that matter that could have happened. The latest worry is not Libya but Iraq, and significantly the small
Gulf Emirate of Bahrain.
- It is important to note, the Americans for the most part do not see Libya as a major concern
Several European governments, notably Italy and to a lesser extent France and Spain can not brush off
the country as easily, with Italy very dependent on oil and gas from Gadhafi’s wells.
- Everyone is basically waiting for the mad dog of Africa to be shot, and if this indeed occurs the markets
will rally strongly for a brief period of time. The US Dollar seems to fall regardless of the news, so it will
probably head deeper south and take out the year to date low at 76.88 if there is a quick end in Libya.
- All of this leaves us with mixed feelings. On the one hand the liquidity driven QE2 rally looks as if it has
legs to run regardless of the geopolitical outlook, with the likes of the Dow and many Asian equity
indices but a good day or so away from reigniting rather bullish trends.
- It just does not feel right to our best money management judgment to ignore the risks however, with
the news Saturday of a (successful) bomb attack on the largest oil refinery in Iraq and considerable
discontent in many cities there, it seems to us the risk of the events in the Middle East and North Africa
reaching tipping point are still high. By tipping point we mean oil runs and does not stop until NYMEX is
north of US$ 105 and gold posting prices nearer US$ 1440 an ounce.
On a relative strength basis, Oil has not performed the S&P 500 for over a year, but that will change if
NYMEX trades much above US$ 100 this week.
Download the full report as a PDF file by clicking here
Research
| ..Real-time Market Data News : |
| . |
| . |
| . |
 | |  | |  | |  | |  | |  | |  |
| . |
| . |
