Featured Posts (1441)
Sort by
U.S. economy is making the U.S. dollar more and more attractive. Concerns about Greece could still shift to Portugal but better than expected U.S. economic data will confirm that QE3 is no longer necessary.
US Market open @ 13.30 from now on until the end of March folks
On Sunday, March 11, 2012 at 2 a.m., Daylight Saving Time begins in the United States.
Economists expect U.S. companies to have added 210k jobs last month, which is only slightly less than the 243k jobs added in January. As long payrolls increased by more than 200k, the improvements in the labor market will help to lift currencies and equities.
http://www.fx360.com/commentary/kathy/7186/nonfarm-payrolls-preview-no-threat-to-rally.aspx
The Dow action today looks very much like a dead cat bounce to me finishing with an ending diagonal (don't shoot me I'm an Eliottician!) Add to that the CCI divergence and you've got a recipe for a big sell off tomorrow.
German factory orders declined sharply in the month of January, but the drag on the euro was minimal as investors eagerly anticipate the event risk expected over the next 24 to 36 hours
http://www.fx360.com/?et_cid=21115333&et_rid=wallstreet1928@gmail.com
Five central banks will be delivering monetary policy announcements and four countries will be releasing their latest employment reports. Individually, each one of these event risks would be enough to trigger sharp volatility for their respective currencies, especially the European Central Bank’s monetary policy announcement and the U.S. non-farm payrolls
