Tuesday, December 11, 2012

DailyMarkets.com - Forex Trading: Italian Prime Minister’s Resignation Leads To Euro Losses

DailyMarkets.com - Forex Trading: Italian Prime Minister’s Resignation Leads To Euro Losses

Forex Trading: Italian Prime Minister’s Resignation Leads To Euro Losses

Posted: 10 Dec 2012 11:56 PM PST

Italian Prime Minister’s Resignation Leads to Euro Losses
The euro came within reach of a two-week low vs. the US dollar yesterday, amid news that the Italian Prime Minister plans on resigning. Investors, unsure of how the news would affect the euro-zone economic recovery, shifted their funds to safe-haven assets as a result. Today, in addition to any news regarding the political situation in Italy, both the German ZEW Economic Sentiment and US Trade Balance, scheduled to be released at 10:00 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Key Tests Of Market Psychology

Posted: 10 Dec 2012 12:01 AM PST

OK I was wrong about NFP on Friday (see Take the “under” in the NFP sweepstakes) and, as someone with a tactical bullish view, I was also disappointed with the stock market’s reaction as it sold off after the announcement in the morning. Nevertheless, my Inflation-Deflation Timer Model moved to an “asset inflation” reading from “neutral” early last week indicating a risk-on environment.

After reviewing the charts on the weekend, I would cautiously agree. While I remain cautiously bullish, I am … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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