Today’s Market Outlook

April - 29 - 2011

EURUSD Steadies above 1.4800 level after pullback from fresh yearly high at 1.4880 found support at 1.4772, that now offers initial support, ahead of 4-hour 20 day MA, currently at 1.4735. Main near-term support lies at 1.4645/30 zone. Bullish near-term tone favors fresh attack at 1.4880, break of which to open 1.4900 and psychological level at 1.5000.

The Dow Jones has tended to stay rather flat on the seven previous occasions when there have been royal weddings, Chris Zwermann’s, global strategist at Zwermann Financial, told CNBC Friday.

U.S. stock-market futures flatten out ahead of the open on Wall Street. It’s a busy day for corporate earnings and economic data.

Stock index futures pointed to a lower open for Wall Street on Friday, reversing Thursday’s gains as investors looked ahead to another set of key earnings from Dow components Merck, Caterpillar and Chevron.

Stock index futures pointed to a flat to lower open for Wall Street on Friday, reversing gains from the previous session on the last trading session of the month.

The dollar languished near three-year lows on Friday, weighed down by weak U.S. data and the prospect of ultra-loose policy for months yet, while stocks paused for breath and a strong commodities rally tailed off.

* U.S. stock index futures pointed to a flat to lower openfor Wall Street on Friday, reversing gains from the previoussession on the last trading session of the month. * Futures for the S&P 500 SPc1, the …

* U.S. stock index futures pointed to a flat to lower openfor Wall Street on Friday, reversing gains from the previoussession on the last trading session of the month. * Futures for the S&P 500 SPc1, the …

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