US guys are happy after Friday job report

American guys should be happy now. Bernanke's plan is working. Jobs are being created. Stimulation did not go in vain. Maybe. However, will the trend continue? What happens when the plan of artificially pumping economy stops? Will stocks crash, currencies go in turmoil and God knows what happens to commodities? Maybe. Anyway, the news was good for stocks, US dollar and Canadian dollar. Commodities crashed sharply, except for oil. This security is very much in correlation with Canadian dollar and if Canadian economy is ok, oil is doing well.

Let's wait and see what the next week brings.

Monday analysis of financial markets

Markets showed pretty much volatility today, particularly during American session. It is quite unusual for Mondays, but as US Manufacturing Index came lowest in four years one should not surprised to see such big market moves as we saw today. So, what happened in which market?

Currencies

You should not be surprised that US dollar was the weakest in Forex market. Poor data always causes currencies to crumble. Commodity currencies such as Australian dollar and New Zealand dollar reigned. European currencies such as Euro and Pound were in the middle.

Commodities

Gold rose, oil went up a little and silver also moved upwards moderately. If mister Bernanke's plan of stimulation turns out to be bad these precious commodities will continue climbing even more in the future.

Stocks

Indexes of stocks went down. No wonder. Economy is cooling, paper money cannot increase growth and if it does the result is temporary at best.