ON TODAYS SHOW

AROUND THE GROUNDS OVERNIGHT, THIS WEEK WRAP OF THE WEEK IN MARKETS WHO WON, WHO LOST CRIMEA, UKRAINE, RUSSIA AND UNCERTAINTY A TECHNICAL OUTLOOK FOR THE S&P 500, THE USD DOLLAR, THE NIKKEI, YEN AND THE AUSSIE AND GOLD KEY EVENTS IN THE WEEK AHEAD

AROUND THE GROUNDS - STOCKS

Stocks
Dow S&P FTSE Nikkei Shanghai ASX 200

Weekly Change This Week

-2.35% -1.97% -2.76% -6.19% -2.62% -2.49% 16,066 1,841 6,528 14,328 2,004 5,326

Last Week
16,453 1,878 6,713 15,274 2,058 5,462

AROUND THE GROUNDS GLOBAL FX

Global FX
EURUSD USDJPY GBPUSD AUDUSD USD Index

Weekly Change This Week

0.25% -1.81% -0.48% -0.38% -0.35% 1.3908 101.30 1.6639 0.9019 79.42

Last Week
1.3874 103.17 1.6719 0.9053 79.70

AROUND THE GROUNDS - COMMODITIES

Commodities
Gold Nymex Crude Copper 10 yr Treasuries

Weekly Change This Week

3.69% -3.29% -4.76% $ $ $ 1,388.12 3.00

Last Week
$ $ 1,338.74 102.45 3.15

99.08 $

-5.02%

2.65%

2.79%

THIS WEEK
GROWTH IN CHINA AND CRIMEA WEIGH ON MARKETS

THE WEEK THAT WAS

WINNERS LOSERS

Gold Bulls Australian workers though a bit of dodgy

numbers played a role

China reforms underway US stock buyer/holders no crash yet

Chinese growth reforms impacting growth Punters in the DAX Chinese RMB specs Aussie dollar bears again Europe Draghi and the Euro in denial

UKRAINE
ITS THE YELLOW AND BROWN STRIPS PUTIN MIGHT BE AFTER NEXT

MINSKY & GAME THEORY APPROACH

Putin IS emphatically play a game of Chicken how far can he push the west. Minsky tells us that stability leads to instability. Game theory says that the period of trust in relationships and global peace is can be
undermined by Georgia, Syria, Egypt, The Arab Spring and so leading to more of the same.

The end game is not clear and the DAX reaction seems more rational than the Euros

TECHNICAL OUTLOOK

S&P 500 WEEKLY

WHAT A MARKET MAYBE GRAVITY WILL WIN AN OSCAR BUT THE S&P IS DEFYING IT THE BOUNCE OF THE TOP OF THE TREND LINE HAS BEEN PHENOMENAL

EURO GRAVITY?
EURO CONTINUES TO BREAK HIGHER

AUSSIE DOLLAR WEEKLY

STILL RANGE BOUND

NIKKEI FOUND SUPPORT

MESSY AGAIN

Dragged higher by the USDJPY

YEN ROLLING OVER? AH NOPE, BEARS POLL AXED

100 NOW THE BIG LEVEL TO WATCH THIS IS POTENTIALLY A BIG BREAK IF IT LASTS A DAY OR TWO 97 THE TARGET

GOLD DOH!
RISING TOWARD 1425

WEEK AHEAD BIG IN OZ NOT SO OFFSHORE

Crimean Standoff and referendum on secession In OZ we have NAB Business and Westpac Consumer Surveys along with Employment Global industrial production data across a host of countries US and Chinese retail sales probably key data points for the week