Parabolic Curve

Pre-Market Indicators July 30th, 2012

Good Morning NY.

  • EURUSD (1.2238)  0.69%
  • Gold Futures (GC) still holding over 1600 ($1614.90) – 0.19% 
  • Oil Futures(CL)  0.55%
  • S&P Futures (ES) – 0.31%
  • Europe: CAC40 + 0.37% FTSE + 0.62%
  • Asia: (NKD) 0.98%
  • Grain Futures are up between 2-3%

Parabolic Curve

Translating the numbers, it looks like Europe is happy on vacation and the rest of the world is doubtful. The parabolic rise in European equities continue.

There’s a huge amount of expectations built up in ECB intervention, and rumored meetings between Spain, Germany, Draghi, etc.

Hollande appropriately is in London…

This will be a busy news week, expect greater volatility as it grows old.

Good Trading