- JCI remained range-bound at the start of the week. Despite it managed to slightly popped above 5,000, it ended slightly below the mark at 4999.75, still gaining 21.25 points or up 0.43%. No change in supports and resistances for now. Supports are seen at 4960-62; 4941; 4921-26; and 4896 before the key 4856. Resistances are expected at 5016 and 5027 before it can clear the way towards 5120 en route to 5284. Overnight rally in both European and U.S. sessions set up another positive session for Tuesday.
- U.S.'s data calendar started with better than expected pending home sales for March. Sales were up 1.5% after a 1% decline while the consensus came in at 1% increase. Consumer spending slowed to a rise of 0.2% after a 0.7% gain in March while at the same time personal income also slowed to 0.2% after a 1.1% rise in February. One of Fed's inflation indicators, PCE price index continued to decelerate in March. YoY core PCE slowed to 1.1% from 1.3% to 1.1% while headline deflator slowed to 1% from 1.3%.
Senin, 29 April 2013
Morning Dew - 30 April 2013
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