Platinum and palladium XPT / USD and XPD / USD forecast for the week
At the auction of a new week, platinum and palladium will remain under pressure. According to the results of the last five days the CRB Commodity Index has lost 3.2%, indicating a lack of optimism in the ranks of investors. Even a moderately positive data on China's trade surplus is not supported commodity markets. In the first eleven months of this year, net exports increased by 543.24 billion. Dollars, up 64.74% over the same period in 2014. This report indicates that the talk about the strong decline of the Chinese economy is still too early. Investors needed now more strong data, but none of the economies of G-20 does not provide them. On the contrary, China, Australia, New Zealand, the eurozone suggests the need to further stimulate the economy.Oostavlyat can not ignore the factor of strengthening greenback against the background of the expected increase of the discount rate the Fed. If the FED will raise rates by 0.25%, it is necessary to wait for the growth of the dollar, which will cause an outflow of capital from the market of commodities, and will contribute to a decrease in quotations of industrial metals.
Recommendations traders for PGMs for the week: Traders in the new week is prodavft Sell at XPT / USD on the growth of quotations to the levels of 852/872 and close the deal for 820 and sell Sell at XPD / USD on the growth of quotations to 553/563 and record profit mark 526.
S & P500 index forecast for the week
Investors continue to liquidate positions in "risk assets" that pulls down the US stock market. The reasons for the closure of the "Long" the former: the coming session of FED, and sales in the oil market. Oil and gas sector last week largely contributed to the sell-off in the stock market. The energy sector has lost 3.60%, with an overall decline in the market 3.79%. The leaders of the past week had a protective non-cyclical goods sector, which is heavier, at 1.37%. This positioning is traditionally during periods of capital outflows from the carry trade. When investors have reduced "risk appetite," the market is the inflow of capital in the "safety" of the sector. Market players are concerned about: Will there be this year's Christmas rally? Probably not, since US corporations demonstrate "profits recession" and the FOMC is ready to tighten monetary policy. Positive release of PPI for November indicates that the CPI data on Tuesday may please investors. Outside core CPI for the first time in May 2014 could demonstrate the growth of 2% year on year, that will reduce the number of pessimists in the ranks of the Federal Reserve. Fed officials will insist on the fact that a further increase in interest rates in 2016 will depend on the macroeconomic data, but the upward trend of inflation and employment will contribute to a more rosy comments about the prospects for economic growth in the United States. So worth the wait continued outflow of capital from the US stock market.
SP500 recommendations traders for the week: On the new week is to sell Sell at S & P500 on the growth of quotations to 2033/2060 and record profits in 1977 mark.