{"id":8018,"date":"2010-03-26T11:58:26","date_gmt":"2010-03-26T15:58:26","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8018"},"modified":"2010-03-26T11:58:26","modified_gmt":"2010-03-26T15:58:26","slug":"sp-futures-fluctuate-as-markets-digest-eu-news","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/26\/sp-futures-fluctuate-as-markets-digest-eu-news\/","title":{"rendered":"S&P Futures Fluctuate as Markets Digest EU News"},"content":{"rendered":"

By Fast Brokers<\/strong> – The S&P futures are fluctuating within yesterday\u2019s trading range as investors digest the EU\u2019s resolution for Greece.\u00a0 As implied earlier this week, the EU decided to offer Greece financial assistance in cooperation with the IMF should Greece be unable to raise funds in the open market.\u00a0 Unfortunately, FX markets seem unimpressed thus far with the EUR\/USD currently relinquishing a predominant portion of its intraday gains.\u00a0 Additionally, intraday highs don\u2019t appear to be a tide turner, meaning momentum remains to the downside.\u00a0 Meanwhile, the Aussie is experiencing a hefty pullback, and the once resilient currency pair appears to be finally joining in on the risk averse flows.\u00a0 However, we will need to see how the session plays out and whether the Euro is able to recover and piece together some meaningful gains.\u00a0 As for the U.S., Final GDP printed 3 basis points below analyst expectations, overcastting yesterday\u2019s encouraging decline in Unemployment Claims.\u00a0 Revised UoM Consumer Sentiment came in a hair above analyst expectations, creating an overall mixed picture today data-wise.\u00a0 Speaking of data, the wire is finished for the week and next Monday will be relatively quiet.\u00a0 Hence, markets may continue their present momentums as trading kicks off on Monday, barring any significant psychological developments.\u00a0 That being said, investors should continue to monitor the news wire for any important headlines that could have a psychological impact on equities or the Dollar.<\/p>\n

Technically speaking, the S&P futures face topside technical barriers in the form of 3\/25 highs and the psychological 1075 level.\u00a0 Additionally, the psychological 1200 level could serve as a solid technical barrier should it be tested.\u00a0\u00a0 As for the downside, the S&P futures have multiple uptrend lines serving as technical cushions along with 3\/24 and 3\/22 lows.\u00a0 Additionally, the psychological 1150 level could serve as a solid technical cushion should it be tested.<\/p>\n

Price: 1165.50
\nResistances: 1168.73, 1170.46, 1172.19, 1174.72, 1176.45
\nSupports: 1163.39, 1162.17, 1160.87, 1158.99, 1157.48
\nPsychological: 2010 highs, 1150, 1175, 1200<\/p>\n

\"\"<\/a><\/p>\n

(click chart to enlarge)<\/p>\n

Market Commentary<\/strong><\/em> provided by Fast Brokers<\/strong>.<\/a><\/p>\n

Disclaimer:<\/strong> FastBrokers\u2019 market commentary is provided for information purposes only and under no circumstances should be regarded neither as an investment advice nor as a solicitation or an offer to sell\/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n

Risk Disclosure:<\/strong> There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Fast Brokers – The S&P futures are fluctuating within yesterday\u2019s trading range as investors digest the EU\u2019s resolution for Greece.\u00a0 As implied earlier this week, the EU decided to offer Greece financial assistance in cooperation with the IMF should Greece be unable to raise funds in the open market.\u00a0 Unfortunately, FX markets seem unimpressed … <\/p>\n

Continue reading “S&P Futures Fluctuate as Markets Digest EU News”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8018","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8018"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8018\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}