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Morning Call: Slovak Vote Weighs on World Markets | equities.com

Oil and related equities began to bounce back today in the aftermath of the news that France and Germany would go to any means necessary in order to support the ongoing health of European banks through the Greek debt crisis.

The market is trading higher today as investors receive encouraging news from Europe. Netflix says it is abandoning its spin-off plan, and Apple announces a new record.

Shares of Pepsi, Kennametal and Energy Transfer Partners seemed to have lost more ground than they deserve alongside the broader exit from equities and hiccups within their own business. At these levels, they look like strong buys again.

Market stays flat as investors prepare for earning surprises or disappointments. The U.S. Senate votes on President Obama's jobs bill as Occupy Wall Street continues protests.

European markets have pulled back this morning as hopes begin to fade over the rescue package. Earnings from Wells Fargo and Citigroup today proved to be a bit lackluster.

The yellow metal broke its falling trend as it started rising in the second half of the last week of August 2014. Price of Gold rose for the three days in four sessions of the week which is shocking for jewelers and investors who expected "gold prices to continue the fall till Diwali." There is no need to worry in mid-term considering prices of the commodity since Asian demand stayed low, US currency strengthened and equities surged in the week. Market analysts are waiting for a pointer from European Central Bank (ECB) to add in support to the price of the metal.

Copper Updates from the better than expected economic data from US, the concerns over Greece which has propelled the euro's dive to a 12-year low against the US dollar after the European Central Bank began its bond-buying program has strengthened the Dollar index which is currently trading around 99.92 marks, maintaining a downward pressure on selective commodities.

Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the latter part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.trade4target systems are simply systems that base trades off of breakouts of recent consolidation areas.Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics:

Economic indicators suggest economy is weakening. Big crunch at open setting stage for test of last week's lows and a buying opportunity in a month, six weeks.

Stocks are up today as the market is hoping that the Federal Reserve will announce a new round of stimulus on Friday. Promising data from China and Germany also helped to boost sentiment.

Morgan Stanley's pessimistic note on the state of the global economy and the likelihood of a double dip sent shares of stocks across the financial sector into a hole today. The debt in Europe and weak U.S. home sales have been inescapable negative drivers for the sector.

Wall Street is trading higher today as hope that the ECB may be getting a firmer handle on the financial crisis. In the U.S., Congress is gridlocked once more on spending.

The late stage studies of Bayer's oncology drug, Alpharadin are impressive to say the least. Designed for the treatment of prostate cancer that spreads to the bones, the drug is able to extend life of late-stage patients while minimizing damage to healthy tissue.

Oil has been rallying on optimism from Europe, but after paring some gains in late date day trading after reports of continued division in the eurozone, investors have to question whether the rally will last.

Wall Street continues rally as investors regain hope on a resolution in Europe and the U.S. staves off another shutdown risk. Commodities also rebound after major drops.

Wall Street continues rally as investors regain hope on a resolution in Europe and the U.S. staves off another shutdown risk. Commodities also rebound after major drops.

Investors may expect a bounce today, but anticipating a market bottom is premature. There is more downside as the market seeks comfort level that discounts uncertainties.

Investors are shedding gold and silver holdings at record speed as a preference for the dollar and fear of future liquidity impact attitudes. Miners, in spite of being undervalued against gold, are also being sold off amid the volatility.

Bulls have their backs to the Wall and need some big buying to prevent downside breakout of a two-month trading range and potential rout.