Stock markets could bring a lot of surprises today. It is because of the Gold price and Dow Jones become examples of the bull markets last week. Support and confidence of buyers for the gold and blue-chip Dow Jones was huge. Gold has set new records. World trade is returned in an era when it was not private, and public business and most important source of national sovereignty served as gold.
Monday was the happy day for Traders in U.S. Since U.S. stocks opened sharply higher as compare to other day after China said it would let its currency appreciate against the U.S. dollar. Earlier China has kept the Yuan artificially low in a move that has boosted its exports so to kept imported goods costly for its consumers. The Dow Jones Industrial Average (DJIA 10,558, +107.85, +1.03%) rose 124.78 points to 10,575.42. The Nasdaq Composite (COMP 2,328, +18.19, +0.79%) gained 27.64 points to 2,337.50.
It will be the Industrial Average which will lead Dow Jones trading on the U.S. stock market today. Analysts expect, that Dow index would rise to the level of 10,550.00 U.S. Major purchases were concentrated in the securities of banks and commodity companies.
Trading in Asia today, there is a sure improvement. Hope investors associated with the strengthening of the yuan and the consequent increase in domestic demand in China, which can give impetus to the global economy. Futures Brent oil continued to rise, breaking the mark of $ 79 per barrel. The nearest resistance is located in the vicinity of $ 80, which can be followed by sales per maintaining the range of $ 70-75-80. The next resistance level is located in the region of $ 82,5-83. Futures on the S & P 500 is trying its best to consolidate above 1,120 points. Currently, futures which has already reached 1125 points. The next level of growth is between 1140-1150 points. In the course of trading this week, a significant impact on the market will be following:
1 A decision on the rate of the U.S. Federal Reserve and the accompanying commentary.
2 Sale on the secondary housing market in May, orders for durable goods in May, final data on U.S. GDP for the first quarter.
3 Moderately positive external background. America closed a slight increase, oil and gas sector better than the market, the financial sector better than the market. Asia is trading up.
