Daily Market Review 5 of September

Markets continue their slight positive sentiment, as hopes for a recovery backed by positive fundamentals and as they enter the notorious September month.

On the tech front Nokia is expected to reveal its new Nokia windows phone, Apple it’s new Iphone 5, and Google its mobility unit this week. In the fundamentals front, markets are expecting this Friday’s NFP data as well as Draghi’s ECB president statements.

Expectations are for further positive boost from this events.

Key market data published today:

E.U  09:00 – retail sales

13:00 Canada interest rate decision.


Gold – With support at 1,680 the gold is hovering above its short term support level, this level is recommended for short term buyers. Resistance at 1,701 and again at 1,740.