We just completed an eventful week across global financial markets which included among other things:

  • More all-time highs for US large cap equity indices (Dow, Nasdaq-100, S&P)
  • An unprecedented ECB decision to impose negative deposit rates and enact a targeted 4-year LTRO
  • The May US non-farm payrolls report continued to show a steady pace of improvement in the labor market
  • Investor sentiment continues to surge into ebullience as the Investors Intelligence Sentiment Survey recorded its 2nd highest level of bullish investors ever last week

On to the charts of the week:

Click to enlarge

S&P 500 Weekly

SPX_Weekly_6.6.2014

Another week, more all-time highs for US equities.

Nasdaq-100 Weekly

QQQ_Weekly_6.6.2014

AAPL and AMZN helped to lead the tech bellwether index to fresh all-time highs.

TSX Composite Daily

TSX_Composite_6.6.2014

After a multi-week consolidation the TSX broke out to fresh highs last week.

VIX

VIX_Daily_6.6.2014

The VIX closed this week at its lowest level in more than 8 years in yet another sign that investors do not perceive much risk in the current market environment. 

Gold Weekly

Gold_Weekly_6.6.2014

After falling more than $50 last week, gold ended up $2.50 after a relatively tame week of trading. 

Gold CoT Report - June 3rd, 2014

Gold_CoT_6.6.2014

Speculators continue to cut back on bullish gold positions and the large decline in open interest confirms the relative lack of volatility in recent days.

EUR/USD Weekly

EUR_USD_6.6.2014

EUR/USD found support at the important 1.3500 barrier and printed a hammer candlestick on the week.