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					Market Focus on Today’s Calendar ( Thursday, May 08, 2014 )
12:00 EUR Greek Unemployment Rate Forecast 26.5% Prior 26.7%
14:00 GBP BoE QE Total Forecast 375B Prior 375B
14:00 GBP Interest Rate Decision Forecast 0.50% Prior 0.50%
14:45 EUR Interest Rate Decision Forecast 0.25% Prior 0.25%
15:00 USDFOMC Member Plosser Speaks
15:15 CADHousing Starts Forecast 175.0K Prior 156.8K
15:30 CADNew Housing Price Index (MoM) Forecast 0.2% Prior 0.2%
15:30 EURECB Press Conference
15:30 USDContinuing Jobless Claims Forecast 2,750K Prior 2,771K
15:30 USDInitial Jobless Claims Forecast 325K Prior 344K
16:30 USDFed Chair Yellen Testifies
16:30 USDFOMC Member Tarullo Speaks
21:00 USDFOMC Member Bullard Speaks
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Market Closes (07 May 2014)
U.S. stocks were mixed as Federal Reserve Chair Janet Yellen presented a prepared testimony which did not rattle
investors.The Dow posted a triple-digit point gain after falling 43 points. The Nasdaq, on the other hand, declined as many
momentum and Internet names were hit hard.
Russian President Vladimir Putin ordered Russian troops to withdraw from the border with Ukraine in what could potentially
be a major breakthrough in what could be considered the worst crisis between the West and Russia since the Cold War.
The Dow gained 0.72 percent, closing at 16,518.54.
The S&P 500 gained 0.56 percent, closing at 1,878.21.
The Nasdaq lost 0.32 percent, closing at 4,067.67.
Gold lost 1.43 percent, trading at $1,289.90 an ounce.
Oil gained 1.31 percent, trading at $100.80 a barrel.
Silver lost 1.58 percent, trading at $19.33 an ounce.
The Euro Stoxx 50 futures pointed to a gain of 0.4%, France’s CAC 40 added 0.3%, London’s FTSE 100 indicated a rise of 0.2%,
while Germany's DAX picked up 0.4%.
Asian stock markets rebounded from the previous day’s sharp declines on Thursday, as appetite for riskier assets strengthened
following the release of upbeat Chinese trade data.
During late Asian trade, Hong Kong's Hang Seng rose 0.3%, China’s Shanghai Composite advanced 0.43%, Australia’s S&P/ASX
200 closed 0.75% higher, while Japan’s Nikkei 225ended up 0.93%




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News of Note (07 May 2014)

MBA Mortgage Composite Index rose 5.3 percent compared to a decline of 5.9 percent last week.
MBA Mortgage Purchase Index rose 9.0 percent compared to a decline of 4.0 percent last week.
MBA Refinance Index rose 2.0 percent compared to a decline of 7.0 percent last week.
April Gallup U.S. Job Creation Index rose to +25 from _23 in March.
First Quarter Productivity declined 1.7 percent, more than the 1.2 percent decline expected.
Unit Labor Costs rose 4.2 percent, ahead of the 2.8 percent gain expected.
Crude Inventories declined 1.8 million barrels versus consensus of a gain of 1.2 million barrels.
Gasoline Inventories rose 1.6 million barrels versus a consensus of a gain of 0.1 million barrels.
Distillates Inventories declined 0.4 million barrels versus a consensus of a gain 1.2 million barrels.
U.S. April Global Composite PMI declined to 52.8 from 53.5 in March.
April Global Services PMI declined to 52.7 from 53.5 in March.
According to Bloomberg, Alibaba will sell around a 12 percent stake through its IPO and raise around $20 billion.




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   DAILY TECHNICAL                           US Dow Jones Index 16,520.00   Thursday, May 08, 2014
               S1= 16,410.00 (MA(20))
Support
               S2=16,310.00
Levels
               S3=16,012.00

Resistance     R1=16,633.00
Levels         R2=16,617.00


                   Daily Chart

RSI(14)                 Bullish

MACD(12,26)             Neutral

STOCH(5,3,3)            Bearish

Buy: 1 / Sell: 1    / Neutral: 1

                   4 hour Chart

RSI(14)                Bullish

MACD(12,26)            Bearish

STOCH(5,3,3)           Bullish

Buy: 2    / Sell: 1 / Neutral: 0

Indicators Summary: The index closed up
yesterday and is trading above the MA(20).


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   DAILY TECHNICAL                                   EUR/USD Currency 1.39272     Thursday, May 08, 2014

               S1=1.39053 (inside swing)
Support
               S2=1.38465 (MA(20))
Levels
               S3=1.37779

               R1=1.39657
Resistance
               R2=1.39518
Levels

                   Daily Chart

RSI(14)                 Bullish

MACD(12,26)             Bullish

STOCH(5,3,3)            Bearish

Buy: 2    / Sell: 1 / Neutral: 0

                  4 hour Chart

RSI(14)                Bullish

MACD(12,26)            Bearish

STOCH(5,3,3)           Bullish

Buy: 2 / Sell: 1 / Neutral: 0

Indicators Summary: The EURUSD is consolidating
around the same levels. There are important
announcements today that will affect the currency.

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   DAILY TECHNICAL                                 USD/JPY Currency 101.835     Thursday, May 08, 2014

Support        S1=101.431
Levels         S2=100.762


               R1=104.127
Resistance
               R2=103.022
Levels
               R3=102.265 (MA(20))

                      Daily Chart

RSI(14)                    Bearish

MACD(12,26)                Bearish

STOCH(5,3,3)               Neutral

Buy: 0    / Sell: 2    / Neutral: 1

                      4 hour Chart

RSI(14)                   Bearish

MACD(12,26)               Bullish

STOCH(5,3,3)              Neutral

Buy: 1    / Sell: 1 / Neutral: 1

Indicators Summary: The Yen is trading below the
MA(20).


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   DAILY TECHNICAL                                GBP/USD Currency 1.69611     Thursday, May 08, 2014

               S1=1.69196
Support
               S2=1.68428 (MA(20))
Levels
               S3=1.67628


Resistance
               R1=1.69959
Levels


                      Daily Chart

RSI(14)                    Bullish (overbought)

MACD(12,26)                Bullish (overbought)

STOCH5,3,3)                Bullish

Buy: 3    / Sell: 0    / Neutral: 0

                      4 hour Chart

RSI(14)                   Bullish (overbought)

MACD(12,26)               Bearish

STOCH5,3,3)               Bullish

Buy: 2    / Sell: 1 / Neutral: 0

Indicators Summary: The pair is doing a small
correction after its new high.


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   DAILY TECHNICAL                                XAU/USD Currency 1,290.790   Thursday, May 08, 2014

Support
              S1=1,275.244
Levels


              R1=1,330.990
Resistance
              R2= 1,314.400
Levels
              R3=1,295.390 (MA(20))


                   Daily Chart

RSI(14)                 Bearish

MACD(12,26)             Bullish

STOCH5,3,3)             Bearish

Buy: 1    / Sell: 2 / Neutral: 0

                  4 hour Chart

RSI(14)                Bearish

MACD(12,26)            Bearish

STOCH5,3,3)            Neutral

Buy: 0    / Sell: 2 / Neutral: 1

Indicators Summary: The Gold fell yesterday and
closed below the MA(20).


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investment advice or as an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Past performance is not a guarantee of or prediction of future performance. Mega Equity does not take into account your
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accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation,
forecast or other information supplied by an employee of Mega Equity, a third party or otherwise. All expressions of opinion are
subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of Mega
Equity. This communication must not be reproduced or further distributed without the prior permission of Mega Equity.

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understand the risk involved. Seek independent advice if necessary.

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Mega Equity Securities & Financial Services Public Ltd.
42-44 Griva Digenis, 1080 Nicosia P.O.Box: 23685, 1685 Nicosia – Cyprus
Tel: +357 22 711711, Fax: +357 22 711811
www.megaequity.com

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(CySEC) (licence no. 011/03) , Member of the Cyprus Stock Exchange / Member of the Athens Stock Exchange / Member of the
Athens Derivatives Exchange



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