12th March 2015

Market Commentary

USD still powering ahead but now there is a turn around in sentiment with the EUR after a massive 25% drop in value over the year. With Q.E in application could it mean that down the road ahead cheap money could boost the stock market and see a growth parallel to US markets? If so then why on earth have the ECB waited so long and stalled on the Greek question? A weaker currency is at some point going to boost Euro exports to the US markets. A very strong indicator of that sentiment building can be found in the fresh 7 year highs on corporate stock earnings in the Euro zone. A drop in the value of the EUR can eventually boost corporate earnings by as much as 10% next year. Read discussion on Reuters -   http://www.reuters.com/article/2015/03/12/markets-stocks-europe-idUSL5N0WE54520150312

 
US DX
99.337     +0.065 +0.08%
Support  98.278   Resistance 101.408


EUR
1.062515     +0.008075 +0.77%
Support   1.04140     Resistance  1.07940


Crude Oil
49.41     +0.28 +0.56%
Support    45.66     Resistance  49.46


Gold
1154.375    +2.790 +0.24%
Support  1,136.8    Resistance    1,173.2
       

Pieter Bergli - DeLoren Trust Holdings

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