April 18, 2010

Market Insights - 18 April 2010

Market Insights was on spring break this week and therefore we trimmed down our usual market commentary.  We also request that you complete a short survey at the end of this newsletter.   We would very much appreciate if you could give us some feedback on how we are doing and where we can improve.  Should you have any questions, please email us at: . 

In This Week's Issue
• Weekly Snapshot
• Chart Of The Week
• Weekly Barometers 
• Reader Survey 

Weekly Snapshot
• SEC accuses Goldman Sachs of defrauding investors (AP)
• US industrial production edged up 0.1% in March and increased 7.8% in Q1 annualized (NBER)
• US retail sales in March 2010 increased 1.6% to $363.2 billion from February (ESA)
• Euro area annual inflation up to 1.4%; external trade surplus 2.6 bn euro (Eurostat)
• US CPI +0.1% in March and +2.3% in the past 12 months before seasonal adjustment (BLS)
• China’s GDP surged by 11.9% in the first quarter compared with a year earlier (Economist)
• World Oil demand to hit a record of 1.67 million barrels per day in 2010  (IEA)
• US international trade deficit in February increased 7.4% to $39.7 billion (ESA)
• US Exports increased 0.2% to $143.2 billion, imports increased 1.7% to $182.9 billion (ESA)
• Euro zone countries cobbled together a €30 billion loan package for Greece (Economist)
• Industrial production up by 0.9% in euro area (Eurostat)
• On Monday, the Dow closed above 11,000 for the first time since September '08 (Yahoo Finance)


Chart Of The Week
The big news this week came courtesy of the SEC and Goldman Sachs.  The US stock market hit a bumper on Friday when the SEC charged Goldman Sachs with fraud in the structuring and marketing of a debt product tied to subprime mortgages.  European regulators are likely to probe into the investment bank as well.  This of course leaves us with the question: who’s next in line to be indicted?  To see the immediate impact on Goldman Sachs’ stock price please see the chart below.

Source: http://www.finviz.com/

Weekly Barometers

Stock-2010-0416   FX-2010-0416

Reader Survey
Our newsletter FXIS Market Insights has been published each week for almost 2 years now. In an effort to continue to improve the content, format and relevance of our newsletter, we would appreciate if you could give us some feedback on how we are doing and where we can improve.

This survey has 10 questions and should take less than 10 minutes to complete.

Please click here to Start The Survey


Thanking you in advance for your time.

Clemens Kownatzki
CEO, FX Investment Strategies

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