Precaution will likely prevail today in anticipation of data on the number of applications for unemployment benefits, where traders and investors will determine the direction of the market. The data will show whether previous unemployment rate data were only temporarily bad or there is a negative trend. Good data can mean bad news for stocks and bad data is good news. The market will interpret them that good data will warrant the Fed to raise rates and continue improving.
Another factor that influences the market today started last night season of financial companies in the United States with a report of Alcoa. Data by Alcoa show better profit but less revenue. But Alcoa as analysts say is another animal, after the restructuring of the company, the results are improved and the view is that it reflects the average expected in the sector, so forget Alcoa and the market will focus on other companies , banks, but next week.
Expectations for the season to reports in the US for lower revenues and profits because of the strong dollar and lower commodity prices. Expectations are low, what better for the market, it is possible that expectations be disappointed with better data, but why take time. therefore caution will rule today on the stock market.
THE ANALYSIS WAS MADE ON OUR PLATFORM VARCHEV ABSOLUTE TRADER
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