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EURUSD: The Euro climbed during the week as better than expected German data, combined with investor appetite for riskier assets, pushed the EUR/USD above 1.2700. With peripheral bonds still shaky, it is unlikely that the Euro will make much headway. More about the Euro click here

USDJPY: The yen softened this week after Finance Minister Yoshihiko Noda made further comments about the yen’s strength, and slightly confused reports that PM Naoto Kan would address the currency situation in a briefing. Weak US fundamentals are likely to help the Yen or the dollar.

S&P500: The S&P 500 Index rallied at the end of the week, as investors cheered Ben Bernanke’s comments that the Fed would ensure an economic recovery. Equities will likely remain volatility going into next week’s economic data deluge.

Gold: Gold prices continued to show strength during the majority of the week, as investors continued to use the yellow metal as a alternative asset to volatility equities and high priced bonds. Gold prices should continue to show strength and test technical resistance above the market.

As always have a great week and happy trading everyone!!!

María

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