Daily Market Review 7 of August
Markets continue with their positive sentiment, due to last week's positive NFP data, and market expectation for central banks backing of the economy, mainly from the U.S and E.U.

Bernanke is expected to hold a press conference today, a hint of a possible further monetary easing and expectations for a market recovery will give fuel to the latest market bull run.

10:00 Germany industrial orders.
18:30 U.S fed chairman speaks.
19:00 U.S consumer credit.


Euro – resistance is at 1.25 and 1.243, support at 1.235 and 1.216. Only a break of the 1.25 level will confirm a change in the long term down trend of the euro.