Friday, December 21, 2012

DailyMarkets.com - Forex Trading: Euro Sees Gains Amid Hopes For US Budget Resolution

DailyMarkets.com - Forex Trading: Euro Sees Gains Amid Hopes For US Budget Resolution

Forex Trading: Euro Sees Gains Amid Hopes For US Budget Resolution

Posted: 21 Dec 2012 12:17 AM PST

Euro Sees Gains amid Hopes for US Budget Resolution
Risk taking in the marketplace, largely due to hopes that US budget negotiations would soon be resolved and the "fiscal cliff" of tax increases and spending cuts would be avoided, helped higher yielding assets, including the euro, gain during mid-day trading yesterday. Today, in addition to any developments in the ongoing budget negotiations, traders will want to note the result of the US Durable Goods and Core Durable Goods Orders … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

JELL-O To Appease Mayan Gods?

Posted: 20 Dec 2012 09:25 PM PST

12/21/12 JELL-O was offered to the Mayan Gods as a sacrifice, ahead of the solstice. In Canada, Kraft offered free Macaroni and Cheese boxes to lucky … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Gold Re Accumulation Is Healthy

Posted: 20 Dec 2012 06:25 PM PST

Gold is under going a complex A-B-C correction. So far is very healthy.

The benefit of the doubt is that the current gold (GLD) pattern is one of re Accumulation. Why? Because we have not seen a traditional distribution pattern (double top, head and shoulders, triple top, rounding top). Plus the ECB, BOJ, FED, BOE are still expanding their balance sheets.

The recent rally is an easy spot for a Wyckoff Sign of Strength (SOS), sharp move up with good volume support. The problem for the whales … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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