More Concerns in Europe
The Euro has gone down again as the concerns in Europe resurface again and there’s high uncertainty in the markets with the eyes set on the European summit on the 28th and 29th of June. The Euro has plummeted as [...]
Good News for the Euro
As the Greeks have elected a pro Euro government the currency has found some relief in that. Meanwhile the US economic indicators have not been well and that puts downward pressure on the dollar. So the EURUSD seems to have [...]
Euro Continues to Plummet
EURUSD has broken down the support of 1.2650 that I mentioned in the last post and the downward pressure continues. If this trend continues it is likely that the support of 1.22 on the monthly chart will be broken, which [...]
USD Gaining with Concerns in Europe
The uncertainty in Greece to form a new government as well as the financial troubles in Spain has put a downward pressure on EUR and has tipped the USD to rise against euro as the investors are looking for a [...]
Trichet May Surprise Traders with New Fairy Tales
On Europe, traders are bulled up ahead of the ECB Thurs morning (we get the policy statement, which is usually a non-event, at 7:45amET, and the more important press conf @ 8:30amET), w/many thinking that Trichet will present something (either [...]
Tradable Catalysts for Next Week
Events to Watch for the Week Coming Up The most important catalysts will be on the economic front. We will get the Nov manufacturing PMI/ISM readings (China hits late Tues night and the US comes Wed morning) as well as [...]
Top Stories on Ireland
Ireland downgraded by S&P (out Tues night) – Standard & Poor’s Ratings Services said today that it lowered its long-term sovereign credit rating on the Republic of Ireland to ‘A’ from ‘AA-’ and its short-term rating to ‘A-1? from ‘A-1+’. [...]
Today’s Top Stories: Shanghai falls ~2% $CAF, North Korean and South Korea at War
North Korea shells a South Korean island, killing one South Korean marine and wounding several others; South Korea has scrambled fighter jets to the area and raised its military alert to the highest level. South Korean president Lee Myung Bak [...]
Important Catalysts to Watch
The most important catalysts will be on the economic front. We will get the Nov manufacturing PMI/ISM readings (China hits late Tues night and the US comes Wed morning) as well as the US jobs report on Fri (the St [...]
Five Things the Market is Watching
The coming week will see news flow slow down meaningfully, w/the US observing Thanksgiving on Thurs (US equities markets are closed on Thurs and will close early at 1pmET on Fri). For the Fed/Treasury, all eyes will be on the [...]
