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 [...]
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 [...]
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 [...]
Three Negatives that Hit Equities these Past Two Weeks
Stocks finish the day and the week flat (the SP500 was nearly perfectly unchanged W/W). Heading into the weekend, the SP500 is back to the levels immediately prior to the post-Fed surge (recall the Fed decision hit on Wed 11/3 [...]
Heres Six Things You Need to Watch
European Finance Ministers meeting – The most important event may wind up being the European Finance Ministers meeting on Nov 16 (at which Germany is hopefully going to provide some clarity on its plans for changing the European bailout frame. [...]
Twenty Important Market Catalysts that Wont Be Covered By CNBC Next Week $MSFT, $S, $EWP, $TLT
Treasury Quarterly Refunding statement due out on Nov 1. http://www.ustreas.gov/offices/domestic-finance/debt-management/quarterly-refunding/ Spain will launch a new five-year bond Thursday; Thursday Spain will launch the new 3.25% April 2016 bond. Analysts expect the bond to debut with a volume of EUR4 billion [...]
Four Reasons Why the Market is Weak Today $GS $MS
Posted by theback9 on September 30th, 2010 1) Technicals: the 1157-1158 point was pretty strong resistance and that is the area we failed out today. 2) Tape feels tired and is demonstrating some signs of fatigue, w/momentum rolling. 3) People [...]
