Thursday, May 10, 2012

expressions



عام
U.S. stocks traded lower alongside other commodities
Coupled with the above,
slashed interest rates
, weighed down by
broad risk aversion
susceptible to a further squeeze next week عرضة لمزيد من الضغوط في الاسبوع القادم
As noted before,
eventually
its safe haven status
remained in contraction territory
stealing the spotlight away from a surprise interest-rate cut in China يسرق الاهتمام
Concerns over global oil demand also threw cold water on the commodity’s earlier rally يسكب ماء بارد
but he warned against expecting a quick turnaround following the banking rescue. حذر من
consequences of the weekend announcement الاثار المترتبة


trampled enthusiasm that came with U.S. data, which on Wednesday cast a favorable light on factory output

Since the BOE typically doesn’t release a statement when no changes to policy are made
Supporting early gains Monday,
Investors will be paying close attention to the results of indicators that are due to be released today

offered little forward guidance on where rates are expected to go in the near term

will establish the tone for risk appetite trends

is more worrisome اكثر اثارة للقلق

It's uncertain what government would be formed ليس معلوما

In Greece, neither of the country’s two pro-bailout parties secured enough votes to form a government

The report painted a “mixed picture
as the dollar continued its winning streak amid concerns about Greece

as investors fretted about political uncertainty in Greece ابدوا قلقهم او خوفهم من

reignited concerns on both sides of the Atlantic اثارت

Risk-averse investors piled into the dollar and U.S. Treasury notes نفور االمخاطرة دفعت المستمثرين للتكالب

the start of the year

The dollar is indisputably a safe haven بلاجذال هو ملاذ امن
Still, U.S. markets ultimately closed the day not far from where they opened.
and thereby ومن ثم

adding to concern that Europe’s economy is weakening.

The swing from negative to positive territory mirrored the move in European markets.
Unlike Sarkozy, Hollande advocates for more

month-to-date losses have reached 6.6%. So far this year, prices are down 0.9%.

The heightened sense of risk aversion وتزايد الشعور النفور من المخاطرة

The star performer  الافضل اداءا
kept their grip on the market ابقت قبضتها
Not only risk aversion, yet also worse than expected trade ليس فقط ولكن ايضا

if the market continues to experience risk aversion, gold loses its luster as a sfe haven, السوق يعاني من نفور المخاطرة والذهب فقد بريقه كملاذ امن

had gotten a brief respite from the dollar استراحة قضيرة
ending near a four-month low

Risk aversion dominates global markets today as worsening Greece situation weigh on sentiments


The robust data offset concerns that the economic recovery in the U.S. is losing momentum
Later in the day,
in the course في سياق

if the market can hold its gains or if it will succumb to profit taking
a wait-and-see approach

Dollar maintains some post-ISM gains in Asian session

there is lack of follow through buying so far لا يوجد شراء لاحق حتى الان

that has now been in place for more than three years استمرت لثلاث سنوات حتى الان

Natural-gas futures have repeatedly settled at 10-year lows اغلقت بصورة متكررة

ending a seesawing session in the red انهت جلسة متارجحة

روابط الكلمات

Over the weekend,
Beyond the headlines,

Though بالرغم من ان Consequently, بناء على ذلك
therefore وبالتالي
given that بالنظر الى
Furthermore, وعلاوة على ذلك
by a mere 1k in the week فقط ب
in the wake of في أعقاب in the aftermath of
Nonetheless, بالرغم من ذلك Nevertheless
ناهيك عن
not to mention
Earlier Tuesday,
upwardly revised عدلت او روجعت بالزيادة
vulnerable ضعيف
looked as though بدا كما لو كان looked as though it could break major resistance
So at 1.33, we can anticipate resistance.
that makes sense وهذا يبدو منطقيا
In such a case, في مثل هذه الحالة،
ensure recovery لضمان التعافي
In conjunction بالتزامن مع
And more importantly, it marked the third consecutive that claims were above 380k level. الاكثر اهمية انه اظهر استقرار
is in confluence with في التقاء مع - والتي تتلاقى مع
retain control يحتفظ بلاسيطرة
underscoring risks of a deeper slowdown مما يؤكد على مخاطر التباطؤ الاقتصادي

which is due to be released Friday المقرر انعقادها يوم الجمعة القادم
It needs to be seen whether it manages to rise past this important 1.0300 level or not
Failure to rise past 1.0300 will keep it pressured on the downside .
just shy of its Asian session peak of 1.3143

risk-correlated assets. risk-sensitive assets.
likely to offer clarity من المحتمل ان تعطي بعض الوضوح

conventional target/support الهدف التقليدي او الدعم المعتاد

For every stock rising roughly three fell تقريبا - ما يقارب


signal/risks an end of recovery phase off yearly low at 1.2622.

Inversely, على العكس من هذا
First and foremost, اولا وقبل كل شيء
Hollande is having a slight upper hand and
revealed اظهرت
and shift the focus from austerity to growth نقل الاهتمام من الى

Silver tracked gold lower Wednesday

number of individuals filing for initial jobless benefits
unfounded التي لا أساس لها

have been stuck in a narrow trading pattern in recent days,

offer insight into the economic health نقدم نظرة ثاقبة على الصحة الاقتصادية

topped Wall Street’s estimates.

Market participants noted that gold’s losses accelerated لاحظوا
its major counterparts.-rivals-peers

A weakening euro and stronger dollar have weighed on gold instead



. backed by the US manufacturing data.

to keep U.S. interest ratesد دون تغيير.

All the while, طوال الوقت فان
As a consequence, we believe there is an increased risk of a نتيجة لذلك
Yet the market shows some حتى الان

cited that ذكر ان
Interestingly, the advance came even ومن المثير للاهتمام,

i hope it makes sense امل ان الامر الأمر يبدو معقولا تماماKeeping QE3 “on the table” makes sense.

Dollar is back above 80 level against the Japan yen even though the recovery is relatively mild elsewhere. بالرغم من ان (في وسط الكلام)

توقعات البيانات الاقتصادية
versus expectation of a fall to 53.0, best number since last June.
A reading above 50% indicates expansion.
both came short of what had been widely expected
Latest data from SNB showed
Energy Department said stockpiles climbed 3.65 million barrels to 379.5 million, the most since August 1990. Inventories were forecast to advance 2 million barrels,
the data is not that great at all,  this data did not stoke a panic.
softer than expected
Its preliminary reading

that showed only 69,000 positions were added to nonfarm payrolls last month.

Among U.S. data releases, the Institute for Supply Management’s report on the services sector Tuesday is considered one of the key U.S. data releases for the week.

came disappointingly below forecasts

بدايات
a breather for the next few days to digest those gains would be normal
The dollar marched higher for an eighth straight session
The pair comes under increased pressure after yesterday’s upside rejection at 1.6180

 The single currency has continued to head south on renewed concerns over eurozone debt crisis

The single currency continued to trade defensively after yesterday's selloff to 1.2912,

Euro's recovery was rather short-lived

Stock indexes had fluctuated between gains and losses 

Crude futures edged lower Monday, taking a breather after a four-session winning streak but tallying monthly gains of nearly 2%.

Gold futures settled modestly lower Monday, pulled down by a stronger dollar and wobbly commodity markets

he GBP/USD is highly under pressure today

Risk markets continue to be under tremendous pressure on Greece political instability.

Euro stabilized from initial post election selloff

striking the lowest level in two weeks/ notching a fifth straight session of declines

Prices on Monday traded as low as $95.34 a barrel
Gold prices gained Thursday, on a relief rally
U.S. stocks opened on a weaker note and traded modestly lower, keying off the Chicago manufacturing report as well as the data about Spain’s gross domestic product.

Gold futures advanced Thursday, supported by a weaker dollar

Gold futures rallied Thursday, buoyed by a progressively weaker dollar

U.S. stocks extended gains into a third day Thursday as better-than-expected helped lift


U.S. shares soared higher Thursday as solid earnings lifted equity sentiment..

The U.S. dollar pushed higher against its major

 Crude-oil futures declined Friday as weak data out of China and ongoing demand concerns combined to pull prices to their lowest settlement of the year.

Oil futures traded substantially lower during Asian اسعار النفط تدوالت بشكل رئيسي الى اسفل
and has been the engine of strengthening demand.
Gold futures traded between small gains and losses Tuesday after data showed manufacturing in the U.S. expanding at a slightly faster pace in April.

Gold on Wednesday fell to its lowest since early July as concerns drained investors’ appetites for risk and helped push the U.S. dollar higher.
Euro's selloff resumed today after brief consolidation
Oil has ended lower for fourth sessions in a row
through-over-during 3 مصطلحات بمعنى خلال


الذهب والنفط

casting a pall /doubts over the global recovery and thus in demand for oil.

gold has been more of a risk asset than a safety asset recently

In general money is leaving commodities and equities and going to cash

as a broadly stronger U.S. dollar reduced the appeal of the precious metal

Gold’s modest recovery coincided with the U.S. dollar trimming gains against تزامن مع

The news prompted investors to sell riskier assets, such as stocks and industrial commodities, and purchase traditional safe haven assets like the U.S. dollar.

Oil bullish investors are hoping there might be some show of support

Gold prices often move inversely to the U.S. dollar, as gold becomes more
expensive for buyers using other currencies.

More monetary stimulus is widely expected to translate into a boost for gold prices, as investors worried about currency debasement seek an alternative store of wealth.

Strength in the dollar puts pressure on dollar-denominated commodities because it makes them more expensive for holders of other currencies.
Recent strength in the U.S. dollar prompted losses among most dollar-denominated commodities for the week.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Policy easing tends to encourage investment in gold, as it raises inflationary pressures and in the case of extraordinary moves by the Fed, weighs on the value of the U.S. dollar — one of the main alternatives to gold.

Oil prices typically strengthen when the U.S. currency weakens as the dollar-priced commodity becomes cheaper for holders of other currencies.

.Starting the oil bearishness,
Gold investors will be closely watching U.S. data in the second quarter for clues as to the likelihood of a fresh round of monetary easing by the Federal Reserve.


along with a shift in the investors’ preference for riskier assets, extending the momentum sparked last week.

Silver is both a precious and industrial metal, with over 60% of demand for industrial applications, [meaning] positive signals for economic growth provide a leg up for silver,.”

close to target inflation

The news was somewhat bullish for crude, which rises amid economic expansion.
vulnerable to
A reduced likelihood of additional monetary stimulus is viewed as a negative for gold, as the metal is seen as a safe store of value and benefits when inflation fears rise.
reassess the market as sideways or bullish

created attractive entry points for investors to return to the market..

but took a turn for the worse following the release
shielded prices from steeper losses
attributed at
the relative safety of the U.S. dollar.
China is the world’s largest copper buyer, and the outlook for the industrial metal is closely tied to the nation’s economic growth
bargain hunters stepped in to buy the weaker prices .




الديون الاوربية

amid sustained eurozone debt worries
harsh austerity measures
in recessionary economies
deterioration in Spanish fiscal and financial conditions
the debt-wracked country  التي تعاني من الديون
fail to make debt payments as early as next month

the region’s debt crisis shows no sign of letting up soon

European headlines continue to exert the most influence over stock direction

but are less likely to help the Euro itself.

التسهيل الكمي
additional monetary stimulus
will remain open to more economic stimulus.
fuelled expectations for another round of easing from the Federal Reserve
Fed will introduce further monetary easing measures .
as supported by expectation that BoE won't extend the quantitative easing program in near term.
Pressure on further policy stimulus is somewhat eased.
easing concerns that the economic recovery in the U.S. is losing momentum and dampening speculation over the possibility of a third round of easing by the Federal Reserve.
Last week, Fed Chairman Ben Bernanke left open the possibility of further asset purchases to support the U.S. economy.

BoE will refrain from expanding it's quantitative easing program this month. يمتنع عن
appears to be turning relatively hawkish

further easing may be needed if the recovery loses traction
as investors grew hopeful that more stimulus for the global economy is around the corner.
tempered hopes for immediate stimulus by the Federal Reserve.

التحليل الفني

to suggest that an important low has formed
has been emerging as a new support level. استجد كمستوى جديد للدعم
turned lower and cut its intraday gains
it is a sign that bulls are still in charge
running out of steam
before it falls out of favor again
extending back to the June 2010 low
Hopes of possible basing at 1.2900 are fading

the risk is now building up towards the 1.2930/00 levels. Below here will open the door for a run at the 1.2879 level
From a technical standpoint,
As we dig lower,
The 1.26 level is turning out to be key resistance
meaningful rally تعافي ذ
Continues to trend higher off 0.9193
the next pivot being around 1.2870
acceleration lower could be seen on a break below 1.5460 platform
bearish outlook might not be over
used this level as support and it has begun to rise back above

may signal a pause in the latest strength

shows a market with persistent bearish momentum

This shows a failure to develop a bullish market after the upside breakout

The pair probes levels under 1.2953 يتحسس يختبر

On the other hand, a violation of === volatile - volatility

are expected to keep the downside protected for now

 a Double Bottom Attempt

 is for now seen as corrective

penetration of 1.6000 اختراق الستتوى

If we get a bounce,
 a better scenario to go long here than trying to catch a falling knife
Bearish continuation below 1.5770 opens up

further unwinding مزيد من التراجع

renewed selling might come in around the 1.29 handle

Selling picked up steam in the afternoon following news
now reverted to resistance تحولت الى



Monday, May 7, 2012