“The place to improve the world is first in one’s own heart and head and hands, and then work outward from there” is a relevant sentence from Robert Maynard Pirsig, an American philosopher and writer whose book “Zen and the Art of Motorcycle Maintenance: an enquiry into Values” has sold millions of copies. With a 170 IQ when he was 9 years old, Pirsig has lived an interesting live, including his periodic visits to mental institutions. Well familiarized with Hindi philosphpy, his sentence is one more expression of the importance of starting the change from oneself in order to project it out later. It is interesting that we should start with the most difficuly part, isn`t it? Good morning.
The Asian market activity has shown an image of uncorrelated markets, with Hong Kong rising 1.16%, Tokio 0.41%, Shanghai coming in and out of the negative with no trend definition and Sidney dropping 0.46%.
Forexwise, EURUSD has moved from from a base at 1,1238 and top at 1,1253 throughout the night and it is now quoting 1.1244. USDJPY has its support at 100.08 and resistance at 100.89, and it is now priced at 100.83.
Gold is taling a 0.26% correction at 1334.5 dollars per ounce and silverr is 0.15% higher, two more out of sync markets today. Brent oil is 0,45% better at 47.12 dollars per barrel and WTI 0.30% at 46.34.
European and American index futures are claiming their land, recovering from yesteday`s intense drop, climbing 0.60% as of this moment.
WHAT WOULD MOVE THE MARKETS TODAY
08:00 – Germany – Import and export price indices – already published and showing an improvement on the import prices and deterioration of export prices.
10:00 – Italy – Industrial sales and orders
10:00 – Eurozone – Private loans & M3 Money Supply
14:55 – USA – Redbook index
15:00 – USA – S&P/Case-Schiller Home Price Index
15:45 – USA – Services & Composite PMI
16:00 – USA – Consumer Confidence and Richmond Fed Manufacturing Index
17:15 – USA – Fed Fischer speech
22:30 – USA – API Weekly Crude Oil Stocks
El Mundo del Trading en los Mercados Financieros 