{"id":440485,"date":"2010-03-17T09:18:00","date_gmt":"2010-03-17T13:18:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:408880"},"modified":"2010-03-17T09:18:00","modified_gmt":"2010-03-17T13:18:00","slug":"dow-usd-ppi-china-gdp-commodities-%e2%80%93-vialoux","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/440485","title":{"rendered":"Dow, USD, PPI, China GDP, commodities \u2013 Vialoux"},"content":{"rendered":"<p>U.S. equity index futures are higher this morning. S&amp;P 500 futures gained 3 points in pre-opening trade. The Dow Jones Industrial Average is poised to move above its January inter-day high at 10,729.89 to reach a 17 month high. \u2018Tis the season for the Dow Jones Industrial Average to move higher into May! <\/p>\n<p>Early strength can be attributed mainly to weakness in the U.S. Dollar. The U.S. Dollar Index peaked four weeks ago at 81.34. Intermediate downside risk is to the top of a previous trading range at 78.45. \u2018Tis the season for the U.S. Dollar to start moving lower.<\/p>\n<p>Equity index futures did not respond significantly to the February Producer Prices report released at 8:30 AM EDT. Consensus for PPI was a decline of 0.2% versus a gain of 1.4% in January. Actual was a decline of 0.6%. Consensus for PPI ex energy and food prices was an increase of 0.1% versus a gain of 0.3% in January. Actual was a gain of 0.1%. <\/p>\n<p>The World Bank raised its expectations for real GDP growth in China from 9.0% to 9.5%. <\/p>\n<p>Weakness in the U.S. Dollar has prompted strength in commodities priced in U.S. Dollars. Crude oil, gasoline, gold, silver, copper and platinum prices are trading higher. Energy and oil service stocks finally are responding to higher energy prices.&nbsp; <\/p>\n<p><i>Don Vialoux, chartered market technician, is the author of a free<br \/>\ndaily report on equity markets, sectors, commodities, equities and<br \/>\nExchange-Traded Funds. For more visit <a href=\"http:\/\/www.timingthemarket.ca\/techtalk\/\" >Don Vialoux&#39;s Web site<\/a><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=408880\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. equity index futures are higher this morning. S&amp;P 500 futures gained 3 points in pre-opening trade. The Dow Jones Industrial Average is poised to move above its January inter-day high at 10,729.89 to reach a 17 month high. \u2018Tis the season for the Dow Jones Industrial Average to move higher into May! Early strength [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-440485","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/440485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=440485"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/440485\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=440485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=440485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=440485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}