FTSE 100 breakout

After months of heavy resistance around 5680, we broke out over the past week, and with the fed decision to hold rates until 2014 which was Equity friendly we pushed up again and now have consolidated above the previous resistance. For further details watch below:

Bund, Ftse and Euro analysis

After an inline non farm report we still remain solidly up for the week after the huge gain on Wednesday. Check out the video on the weeks action and where we could go next.

Central Banks Intervene

Fears of a deepening of Europe's debt crisis have prompted the world's leading central banks to pump US dollars into the financial system, in a co-ordinated action designed to boost market confidence.

The Bank of England joined the US Federal Reserve, the European Central Bank, the Swiss National Bank and the Bank of Japan on Thursday to announce that they would flood money markets with dollars over the coming months.

The move, on the third anniversary of the collapse of the US investment bank Lehman Brothers, sent shares soaring in banks heavily exposed to debt default by Greece and the other struggling members of the 17-nation eurozone.

Under the terms of the deal, banks will be able to bid for unlimited amounts of US dollars at fixed interest rates in three separate auctions. The first of these will be on 12 October.

Watch Below to see Market Reaction from the move

Post ECB reaction - Bund, Ftse

We had another move up in the Bund yesterday with yields getting even lower to mad levels, which suggests, its all about taking risk of the table.
Below is a review of the action over the past few weeks.

Non Farm Payrolls disappoint

No jobs created in August in the US that was the grim picture today that was setting the markets back as the Dow is off some 200 points. Below are some of the key points:
Key Highlights:

At 0, the NFP number is a plunge of 85K, from a downward revised July, which was previously at 117. This is the biggest drop since September 2010
The Household Survey saw an increase of 331K in the number of employed
Average hourly earnings for all employees on private nonfarm payrolls decreased by 3 cents, or 0.1 percent, to $23.09. This decline followed an 11-cent gain in July. This is the first time the avg hourly earnings have been negative MoM since January 2008
Underemployment, U-6, rose to 16.2%, from 16.1% in July
The labor force rose to 153.6 million in August.
Ironically the only good news in the report, was what many have been indicating is a negative for months: namely that the Labor Force Participation rate actually rose for the first time in months from the nearly 30 year low of 63.9% to 64.0%

Below is a video of the market moves made in the Bund, Ftse and S&P

Mad Market Volatility - Dax, Bund, Schatz, Ftse

Just put this video together around 30 minutes ago and since then we have come off massively again in stocks. We bounced off the near term support in the Dax at 5721 but after bouncing 50 ticks we dropped another 100, such is the volatility lately.
The video looks at some of the wide ranges we have had lately.