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Concerns about the outlook for Spanish banks were offset by what is believed to be EUR repatriation. It is not difficult to understand why EUR repatriation is good for the currency but what may be more confusing is the motivation for repatriation.
http://www.fx360.com/?et_cid=21271925&et_rid=wallstreet1928@gmail.com
FX algos and mean-reversion traders see no economic value in breaking EURUSD out of its 2-week long consolidation range of $1.30-1.32 before next Wednesdays key FOMC decision
One of the best indicators of inflation and deflation is the action in gold and silver. When gold and silver rally it is telling us that inflation is taking hold, the opposite is true when gold and silver decline. The precious metals will usually trade inverse to the U.S. Dollar Index. This morning, the U.S. Dollar Index plunged after the opening bell rang at the New York Stock Exchange. This type of action in the dollar happens very often. A falling U.S. Dollar is always beneficial to the precious metals.
http://www.inthemoneystocks.com/free-services/rant-rave-blog
Presented by Gareth Soloway April 19, 2012 12:17PM
The markets are whipping between the positive and negative side in wild intra day trading. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $138.19, -0.40 (-0.29%). This wild action is a result of a decent bond auction in Spain and poor economic news in the United States. Jobless Claims came in near a four month high and the Philly Fed Index was surprisingly weak. The combination of a good auction and bad economic news has investors unsure as to which direction the markets should trade. In addition, it is options expiration week which naturally means wild trading.
More earnings will be reported today. Some of the standouts to watch are Microsoft Corporation (NASDAQ:MSFT), Chipotle Mexican Grill, Inc.(NYSE:CMG), Riverbed Technology, Inc. (NASDAQ:RVBD) and Capital One Financial Corp. (NYSE:COF).
Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite pros as they give swing trades, day trades and proprietary market analysis. Become part of the elite fraternity which is profiting on every up and down move in the market.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
More earnings will be reported today. Some of the standouts to watch are Microsoft Corporation (NASDAQ:MSFT), Chipotle Mexican Grill, Inc.(NYSE:CMG), Riverbed Technology, Inc. (NASDAQ:RVBD) and Capital One Financial Corp. (NYSE:COF).
Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite pros as they give swing trades, day trades and proprietary market analysis. Become part of the elite fraternity which is profiting on every up and down move in the market.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
The US session starts with jobless claims at 8:30 am ET that are seen at 370K after jumping to multiweek highs at 380K last week.
Recent intermittent bounces in EURUSD in the face of surging Eurozone spreads are said to be reflecting possible liquidation by European banks unloading US assets to relieve an ensuing shortage of US dollars.
http://ashraflaidi.com/articles/april-fears-ahead-of-fed-spain-china.asp
The 10-year bonds were sold at a yield of 5.743%, up from 5.403% when the bonds were last sold in February.
http://www.bbc.co.uk/news/business-17769769
