All Posts (10732)
Sort by
Moodys said it will lower the United States credit rating unless budget negotiations but the country on a path to a lower debt-to-GDP ratio. The headlines sparked a rout on the US dollar; the Australian dollar was the top performer. Japanese machine orders and Australian housing starts are the highlights in Asia.
Today is much like Friday as the entire market awaits two key announcements this week. First, on Wednesday the markets look to Germany to hear if they are on board with ECB plans to buy bonds from the likes of Spain, Greece, Italy and others. Then on Thursday, the markets look to hear from the Federal Reserve. The markets are again looking to hear whether or not QE3 will be announced.
With these two major announcements on the horizon, the markets are likely to stay quiet until Wednesday.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
