Beruflich Dokumente
Kultur Dokumente
1 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
Fundamental Outlook:
Risk sentiments improved but how long could it last? BoC, RBA in focus along with NFP
Risk sentiments staged a strong recovery over the week after China denied rumors of reviewing European debt holdings and the State
Administration of Foreign Exchange reaffirmed eurozone as "one of the most important investment markets". DOW extended the rebound
from intraday low of 9774 and managed to close above 10,000 level at 10136. Crude oil also managed to breach 75 level briefly before closing
at 73.97. Major currencies were generally higher against dollar and yen, in particular commodity currencies. However, Euro failed to benefit
from the recovery in risk appetite and has indeed closed lower against other major currencies.
The common currency was sharply lower on Friday after Fitch cut Spain's rating from AAA by one step to AA+ and assigned it a "stable"
outlook. Fitch also said that the "the process of adjustment to a lower level of private sector and external indebtedness will materially reduce
the rate of growth of the Spanish economy over the medium-term." Spain's downgrade has somewhat brought back concern on the fragility of
fiscal health in some Eurozone nations as well as the drag on recovery as austerity measures are implemented. But in any case, Euro was weak
across the board, and dropped -4.19% against Aussie, down -2.83% against Canadian dollar.
Two developments will be the main focuses going ahead in June. Firstly, it's the development in stocks. DOW had another attempt to break
through 10,000 level last week and even breached Feb's low of 9835 briefly. S&P 500 also breached Feb's low of 1044.5 briefly. But buying
quickly emerged that sent stocks higher towards the end of the week. CRB commodity index was also shot higher to 258. However, the
recoveries looked corrective. Also, Friday's selloff argues that recoveries might be over. Traders should be cautious on renewed pressure on
stocks on Monday and on Tuesday when US and UK market returns. In addition, a number of important economic data, including ISM indices
and non-farm payroll, will likely rock the markets either way.
Secondly, important events are scheduled from Canada and Australia, which will be crucial on whether commodity currencies could hold on to
their resilience. Markets' expectation on whether BoC will hike this week was as volatile as the financial markets. Markets were pricing in as
low as 40% chance at one point on Tuesday of a 25bps hike from BoC this week. But traders then increased bet as stocks rebounded and after
OECD urged BoC to take immediate action to remove policy accommodations. At the end of the week, markets are pricing in roughly 70% of
rate hike. In any case, a rate hike from BoC is not a done deal. We'd like to point out again that Canadian dollar's recent strength, in particular
against other commodity currencies, is built on expectation of rate hike in June. The CAD will be heavily sold off if BoC disappoints.
RBA will also meet this week. The banks has raised borrowing cost six times in the last seven meetings. Markets are generally expecting a
pause this month as rates are now close to "average" levels. Nevertheless, such expectation indeed started in early May, before Eurozone debt
problems intensified and before the stock market fall. In addition, there are concerns over the future path of Chinese growth. On May 4,
Australian all ordinaries index closed at 4753 level and since then the index dropped to as low as 4194, 12% lower, before rebounding to close
at 4479 last week. Meanwhile 4479 is also a significant 11% lower comparing to April's high of 5048. There were talk that RBA might regret
the rate hike in May. In any case, expectation on the next move will be volatilize on RBA's statement, so is Aussie.
2 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
EURUSD
3 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The Technical out look for the EUR/USD Sunday, May the 30th, 2010, level 1.2270
Position Strategy: Current position : FLAT: Have been stopped on LONG position from 1.2418 at 1.2295
Enter SHORT on a clear break of 1.2143 with stop 1.2295 target 1.20 first for 1.1928 next
Enter LONG if we break 1.2450 with a stop 1.2295 target 1.2680
The EUR/USD stayed in tight range above 1.2143 with choppy movement last week as consolidations continued. More sideway trading cannot
be ruled out. We got two scenarios for the EUR/USD for now. 1) On the upside: We are monitoring a potential 'double bottom' formation in
EUR/USD at 1.2140/50 and immediate trend line resistance at 1.2415/50 area with the 'neckline' for the double bottom pattern is at 1.2680
and, if broken, suggests a measured move objective to about 1.3200 also with got potential bullish divergence condition in RSI and Stochastic
oscillators and AC above the signal line. 2) On the downside: We are monitoring a potential 'triangular' formation in EUR/USD with a bases at
1.2140/50 and immediate higher band of the triangle now at 1.2444. This level match also with the lower band of the descending channel and
serve as a trend line resistance, green line on the chart. On a break below 1.2143, lower than the base of the ‘triangle, suggests a measured
move objective to about 1.1616 with a minimum target at 1.1818. We may note that we may got divergence condition in RSI & Stocastic
oscillators when a markets is forming a ‘triangle’ formation giving by the way a false bullish signal.
Personally I don’t like the loss of momentum for the upside and the pullback of last Friday. I stay neutral for the moment and the second
scenario seems to be the more likely and even in case of another rise, we must monitored the upside that may be limited by 38.2%
retracement of 1.3691 to 1.2143 at 1.2734 and may bring fall resumption. On the downside, decisive break of 1.2143 will confirm down trend
resumption and should target 1.2 psychological level first
Furthermore in an Elliott wave point of view, the bigger picture, price actions from 1.6039 are treated as correction to long term up trend from
0.8823 and fall form 1.5144 is the third leg of such correction. Further decline should be seen to 1.1639 key support level and possibly further
to 100% projection of 1.6039 to 1.2329 from 1.5144 at 1.1433. On the upside, break of 1.3266 resistance is needed to be the first signal of
bottoming. Otherwise, outlook will remain bearish.
In the long term picture, considering the five wave impulsive structure of the long term up trend from 2000 low of 0.8223 to 2008 high of
1.6039, price actions from 1.6039 are viewed as a correction only. Hence, we'd expect strong support between 61.8% retracement of 0.8223 to
1.6039 at 1.1209 and 1.1639 support to contain downside and bring another long term up trend. However, note that sustained break of 1.1209
key Fibonacci level will dampen this view and open up the case of a take on parity.
4 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
USD/CHF:
5 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for USD/CHF Sunday, May the 30th, 2010, level 1.1589
6 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
EUR/CHF:
7 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for EUR/CHF Sunday, May the 30th, 2010, level 1.4222
Position Strategy:Current position : FLAT Have been stop on my short position from 1.413 at 1.4292
Enter LONG if we break 1.4292 with a stop 1.4138 target near 1.4587 or Enter LONG near 1.4005/10 with a stop 1.3950 target near 1.4587
EUR/CHF dropped sharply to as low as 1.4109 last week. While such fall was much deeper than expected, there is no change in the view that
price action from 1.4587 should be corrective in nature. Also, considering risk of another round of SNB intervention, we'd expect strong
support above 1.4 psychological level to bring rebound even in case of another fall. On the upside, above 1.4312 minor resistance will suggest
that such pull back is completed and flip intraday bias back to the upside for another recovery.
Furthermore in an Elliott wave point of view, the bigger picture, a medium term bottom should be in place above 1.4 psychological level and
the cross has now entered into another consolidation phase. However, note that the current rebound is not strong enough to warranted a
reversal of the long term down trend yet. We'd expect strong resistance at 1.4846 to limit upside. The cross should revisit 1.4 level again some
time in medium term.
In the long term picture, fall from 1.6827 should be resuming whole down trend from 1993 high of 1.8234. We'd expect such down trend to
extend towards 100% projection of 1.8234 to 1.4391 from 1.6827 at 1.2984 in the longer run. Break of 1.5138 is needed to confirm reversal.
Otherwise, outlook will remain bearish.
8 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
GBP/USD:
9 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for GBP/USD Sunday, May the 30th, 2010, level 1.4461
Position Strategy: Current position: LONG at 1.4532 with a stop 1.4313 target near 1.4723
Enter SHORT on a clear break of 1.4230 with stop 1.4318 target 1.3848
GBP/USD's recovery from 1.4230 extends further last week and with a short term bottom in place, more consolidations would possibly be seen
first. Such recovery might extend further to 38.2% retracement of 1.5521 to 1.4230 at 1.4723 next. But upside should be limited below 61.8%
retracement at 1.5028 and finally bring fall resumption. On the downside, break of 1.4230 low will confirm down trend resumption and should
target 100% projection of 1.6456 to 1.4783 from 1.5521 at 1.3848 next.
Furthermore in an Elliott wave point of view, the bigger picture, our bearish view remains unchanged. Fall from 1.7043 is tentatively treated
as resumption of the whole down trend from 2007 high of 2.1161. Such fall should target 61.8% projection of 2.1161 to 1.3503 from 1.7043 at
1.2310 after taking out 1.3503 low. On the upside, break of 1.5521 resistance is needed to be the first signal of bottoming. Otherwise, outlook
will remain bearish.
In the longer term picture, the corrective nature of the multi-decade advance from 1.0463 (1985 low) to 2.1161 as well as the impulsive nature
of the fall from there suggests that GBP/USD is now in an early stage of a long term down trend. Rebound from 1.3503 should have completed
and the whole fall from 2.1161 is likely resuming for 61.8% projection (2.1161 to 1.3503 from 1.7043) at 1.2310 next.
10 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
AUD/USD
11 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for AUD/USD Sunday, May the 30th, 2010, level 0.8472
12 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
USD/JPY
13 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for USD/JPY Sunday, May the 30th, 2010, level 91.08
Position Strategy: Current position: LONG at 90.97 stop at 89.95 target near 92.60
Enter SHORT on a break of 89.81 with stop 90.67 target 88.13 for 84.81 next
USD/JPY's recovery from 88.97 extended further to as high as 91.39 last week. The development suggests that fall from 93.62 is completed.
Nevertheless, there is no change in the view that price actions from 88.25 are consolidative in nature. Hence, while strong rebound might be
seen initially this week, we'd expect upside to be limited below 93.62 resistance and bring another fall. On the downside, below 89.81 minor
support will indicate that recovery from 88.97 is finished and flip intraday bias back to the downside for 88.13/25 support zone.
Furthermore in an Elliott wave point of view, the bigger picture, considering that USD/JPY failed to sustained above the lower band of the
ascending channel, green line on the chart, now at 90.86 and dropped sharply, we're now slightly favoring the case that down trend from
124.13 is not over. Break of 88.13 support will indicate that rebound from 84.81 has completed with three waves up to 94.97 already. The
corrective structure will affirm the bearish case and pave the way to a new low below 84.81. On the upside, however, 94.97 will revive the case
that 84.81 is already the long term bottom and will target 101.43/65 medium term resistance zone for confirming this bullish case.
In the long term picture, we will stay neutral first even if the downside momentum is clearly diminishing and bullish convergence condition in
weekly oscillators; the long term down trend in USD/JPY might have reversed. Focus now turns to 101.43/65 medium term resistance zone
and decisive break there will also break the lower high lower low pattern since 124.13. This will suggest that a long term bottom is in place
and another rising leg of the sideway pattern that started at 79.75 in 1995 should then be in progress for upper side of the range at 147.68.
14 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
EUR/JPY
15 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for EUR/JPY Sunday, May the 30th, 2010, level 111.76
16 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
GBP/JPY
17 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for GBP/JPY Sunday, May the 30th, 2010, level 131.71
Position Strategy: Current position : FLAT, Have been stopped on LONG position from 132.83 at 131.30
Enter SHORT on a break of 129.03 with stop 130.6 target 126.73
Enter LONG on a clear break of 133.20 stop at 132.24 target 134.06 first for 135.90 next
GBP/JPY's recovery from 126.73 extended further to as high as 133.20 last week but lost momentum then and retreated. Considering that a
short term bottom is formed at 126.73 on bullish convergence condition in 4 hours Stochastic and RSI, further rebound would still be seen as
long as 129.03 minor support holds. Above 133.20 will target 38.2% retracement of 145.94 to 126.73 at 134.06 and above. Nevertheless, rise
from 126.73 is treated as a correction to recent decline from 145.94 only. Hence, we'd expect strong resistance between the upper band of the
descending channel, green line on the chart (now at 138.38) and 61.8% retracement 138.60 to limit upside and bring fall resumption. On the
downside, below 129.03 minor support will argue that such recovery has completed and will flip intraday bias back to the downside for 126.73
low first.
Furthermore in an Elliott wave point of view, in the bigger picture, no change to our bearish view rebound from 118.81, which is treated as
correction in the larger down trend from 2007 high of 251.09, has completed at 163.05 already. Fall from 163.05 is tentatively treated as
resumption of such long term down trend and should target 61.8% projection of 215.87 to 118.81 from 163.05 at 103.06 next, which is close to
100 psychological level. On the upside, break of 145.94 resistance is needed to invalidate this view. Otherwise, outlook will remain bearish.
In the longer term picture, fall from 251.09 is treated as resumption of multi decade down trend. Note that the fall from 215.87 is not treated
as the fifth wave, but the third wave inside the third wave that started at 241.35. Another long term decline is still expected after completion of
the correction from 118.81.
18 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
USD/CAD
19 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for USD/CAD Sunday, May the 30th, 2010, level 1.0540
Position Strategy: Current position : SHORT at 1.0530 with stop 1.0682 target 1.0392
Enter LONG on a clear break of 1.0643 with stop 1.0534 target 1.0850
Despite edging higher to 1.0851, USD/CAD reversed as dropped sharply to as low as 1.0443 last week. A short term top is in place at 1.0851
with bearish divergence condition in 4 hours Stochastic and RSI. More correction could still be seen as long as 1.0643 minor resistance holds,
towards 61.8% retracement of 1.0109 to 1.0851 at 1.0392 and below. But strong support should be seen above trend line support, light brown
line on the chart, now at 1.0239, and bring rebound. On the upside, above 1.0643 will indicate that pull back from 1.0851 is over and bring flip
intraday bias back to the upside for retesting this high first.
Furthermore in an Elliott wave point of view, the bigger picture, last week's break of 1.0779 resistance confirms that a medium term bottom is
formed at 0.9929 already, with bullish convergence condition in weekly Stochastic and RSI oscillators. We'd stay bullish in USD/CAD and
expect the rebound from 0.9929 to target 38.2% retracement of 1.3063 to 0.9929 at 1.1126 first, with prospect of extending further to 61.8%
retracement at 1.1866 and above. On the downside, break of 1.0109 support is needed to invalidate this view. Otherwise, we'll stay bullish.
In the longer term picture, firstly, there is no clear indication that the long term down trend from 2002 high of 1.6196 has reversed. Secondly,
the medium term fall from 1.3063 is so far looking corrective. Hence, we're slightly favoring the case that price actions from 0.9056 are
developing into a long term sideway pattern. Hence even in case of another fall, we'd expect strong support above 2007 low of 0.9056 to
contain down side. On the other hand, another strong medium term rise should be seen after fall from 1.3063 complete and such rise should
target a test on the upper side of the long term range near to 1.3063.
20 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
GOLD
21 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for GOLD: Sunday, May the 30th, 2010, level 1212.9
Position Strategy: Current position : LONG from 1206.9 with a stop at 1196.8 target 1249
Enter SHORT on a clear break of 1169.55 with stop 1193 target 1124.3 first for 1044.5 next
Gold's recovery from extended further as high as 1218.35 last week before turning sideway. Further rise remains in favor as long as 1196.8
minor support holds and gold would possibly target a retest on 1249.7 high. On the downside, however, below 1196.8 will indicate that
recovery has completed and will flip intraday bias back to the downside for 1169.55 support and below. A firm break below 1169.55 will
argue that whole rise from 1044.5 is completed and will turn outlook bearish for 1124.3 support instead.
Furthermore in an Elliott wave point of view, the bigger picture, while the fall from 1249.35 is deep, gold is still holding on to 1169.5 cluster
support as well as long term trend indicator, light green line on the chat, now at 1198.11. However, note that sustained trading below the long
trend indicator will opens up a bearish possibilities. The bearish case is that fall from 1249.7 is the third leg of the three wave consolidation
from 1227.5 , in an irregular flat pattern, and would target a retest on 1044.5 support next. On the upside, a break above 1249.35 minor
resistance will target 100% projection of 931.3 to 1227.5 from 1044.5 at 1340 next
In the long term picture, rise from 681 is treated as resumption of the long term up trend from 1999 low of 253 after interim consolidation
from 1033.9 has completed in form of an expanding triangle. Next long term target is 100% projection of 253 to 1033.9 from 681 at 1462 level.
We'll hold on to the bullish view as long as 1044.5 key support holds.
22 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
23 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for OIL Sunday, May the 30th, 2010, level 74.15
24 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
25 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The technical outlook for DJI: Sunday, May the 30th, 2010, level 10119.1
26 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
27 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
ECONOMIC CALANDAR
Monday, May 31, 2010
28 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
29 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
09:00 EUR Italian CPI (NIC incl. tobacco) M/M May P 0.3% 0.4%
09:00 EUR Italian CPI (NIC incl. tobacco) Y/Y May P 1.6% 1.5%
12:30 CAD Raw Materials Price Index M/M Apr 1.0% 0.8%
30 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
31 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
32 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
33 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
34 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
20:30 USD API U.S. Crude Oil Inventories (MAY 28) -- 616K
23:50 JPY Japan Buying Foreign Stocks (Yen) (MAY 28) -- 271.1B
23:50 JPY Japan Buying Foreign Bonds (Yen) (MAY 28) -- 1044.8B
23:50 JPY Foreign Buying Japan Stocks (Yen) (MAY 28) -- -434.7B
35 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
23:50 JPY Foreign Buying Japan Bonds (Yen) (MAY 28) -- 45.9B
06:00 GBP Nationwide House Prices s.a. M/M May 0.3% 1.0%
06:00 GBP Nationwide House Prices n.s.a. Y/Y May 9.6% 10.5%
36 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
37 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
15:00 USD DOE U.S. Crude Oil Inventories (MAY 28) -- 2460K
38 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
39 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
40 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61
30 mai 2010 [WEEKLY MARKETS UPDATE]
The views expressed in this report accurately reflect the personal views of the analyst(s) covering the subject
Currencies, Futures, Commodities & Securities. No part of said person's compensation was, is, or will be directly or indirectly related to the specific
recommendations or views contained in this research report. In addition, said analyst has not received
compensation from any subject company in the last 12 months.
Investors should consider this report as only a single factor in making their investment decision.
International securities involve additional risks such as currency fluctuations, differing financial accounting standards, and
possible political and economic instability. These risks are greater in emerging markets.
Small-cap stocks generally involve greater risks. Dividends are not guaranteed and will fluctuate. Past performance may
not be indicative of future results.
.
The information provided is from broker partners of Capital Conservator, but should not taken as investment advice from Capit al Conservator.
Investors should consider the investment objectives, risks, and charges and expenses of currencies, futures, commodities securities and mutual funds carefully
before investing. The prospectus contains this and other information about mutual funds. The prospectus is
available from your financial advisor and should be read carefully before investing.
Proprietary Rights Notice: By accepting a copy of this report, you acknowledge and agree as follows:
This report is provided to clients of Capital Conservator (CC) only for your personal, noncommercial use.
Except as expressly authorized by CC you may not copy, reproduce, transmit, sell, display, distribute, publish,
broadcast, circulate, modify, disseminate or commercially exploit the information contained in this report, in printed,
electronic or any other form, in any manner, without the prior express written consent of CC. You also agree not to use
the information provided in this report for any unlawful purpose. Th is i s RJ Ac li en t re l eas a bl e res ea rch
This report and its contents are the property of Capital Conservator and are protected by applicable copyright, trade secret or other
intellectual property laws (of the United States and other countries). United States law, 17 U.S.C. Sec.501 etseq,
provides for civil and criminal penalties for copyright infringement
41 Weekly Markets Update| Capital Conservator , S. Optyker, C. Guizelli , Mob: +41.79.202.19.58 & +41 79.673.64.61