The risk appetite has been brought back to the markets strongly after the release of January ISM Manufacturing index which jumped to 60.8 while the market was waiting for 58.2 from 58.5 in December which shows that the pace of recovery in US is still going well reinforcing the business spending weighing asking for the high yielding currencies for carrying risks such as the Aussi and Kiwi which are well-supported by commodities prices rising because of  the Egyptian turmoil which reinforced the worries about the stability on the middle east geopolitical position as the events in Egypt continued pushing the commodities priced up on increased speculations of strong demand from the Egyptian government for resorting stabilities in its markets after as the turmoil caused strong shortages in its markets and it is important at this point to mention that there have been existing worries about the commodities prices from BOJ and the Fed earlier last month when their economic assessments earlier last month.

Surely, the falling of UK Q4 GDP into the negative territory could contain the market sentiment weighing negatively on the British pound which has slumped below 1.58 versus the greenback after this dovish data which have shown that the UK economy is in serious need to the BOE easing support for stimulating investments spending during a time the UK economy suffering from increasing of prices can put it under emerging the stagflation risks as we have seen recently December UK CPI reaching 3.7% yearly while it was expected to be just 3.3% and increased worries from the MPC of having this rate above 4% which can tie the BOE hands from taking any action towards any direction and this was obvious in the minutes of the recent meeting of the MPC ...

The Chinese new requesting for reducing the banking sector reserved amount of liquidity available for lending by another .5% after cutting it 6 times last year could temper the market sentiment weighing negatively on the dividends in Asian and EU session while the US equities markets were off for the martin Luther King holidays but it has appeared on the future prices of US indexes which refer to a negative opening as it looks that china is still worrying about the inflation which hit 28 months high last November by 5.1% to put pressure on the commodities and energy prices on growing market expectations of cooling of the Chinese demand for curbing the crediting and curbing the prices at the current levels which forced the gold to fall below 1360$ support for a while in the beginning of this week before rebounding back above it trading currently at 1362$ while its next supporting are standing at 1329$ then 1315$. The gold has been under pressure recent by series of good US economic data have brought back the market confidence in the US economy and the risk appetite of the business spending in the greenback which is expected to be much credibly wanted this year with better growth outlook containing the markets sentiment currently pushing the US stocks up in the beginning of this year.

The improving investors' risk appetite is still containing the market sentiment pushing the equities markets up and also the commodities and energy prices on expected better growth rates in US this year and on better earning reports to come expressing about the fourth quarter of last year which have started by the end of last week with better than expected increasing of JP Morgan profits by 47% driving the banking sector stocks up and Dow to close last week up 112 points at 11787 to be the 7 consecutive weekly rising in raw as the confidence has been brought back to the US recovery after easing last year by better than expected series of economic data has been released out since the end of last year like December ADP Employment release which came at nearly triple of the market expectations of just 100k at 297k added jobs from 93k in November and Nov US factory orders data which have shown rising by .7% while the market was waiting for decreasing by .4% after falling in October by .7%