Leaning Tower of Italy While what is happening in the Euro Zone periphery is no laughing matter for those living there and most vulnerable , I can’t help but feel that the crisis is much of their own doing and the crisis response from the EU leadership and ECB remains woefully inadequate. Yet the [...]
Euro: Fitch Sees Greek Default, ECB Rate Decision On Tap The Euro slipped to a low of 1.4133 as Fitch Ratings said a 50% haircut on Greek debt would be considered a ‘default event,’ and the single-currency may continue trade heavy in the week ahead as investor confidence remains frail. Meanwhile, China’s Vice-Finance Minister, Zhu [...]
EURUSD-USDCHF CORRELATION TECHNIQUE NUMBER 2 “The market trading environment is unemotional and unforgiving for the novice trader. Professional traders indulge themselves every time a market turning point occurs. They know when a novice trader is making a mistake, because they’re on the wrong side at every turning point. The result for novice traders is a [...]
***Economic Data*** (RU) Russia Narrow Money Supply w/e Oct 10th (RUB): 6.4T v 6.30T prior (FI) Finland Sept CPI M/M: 0.4% V 0.2%E; Y/Y: 3.7% V 3.5%E (IN) India Sept Monthly Wholesale Prices Y/Y: 9.7% V 9.8%E (HU) Hungary Aug Final Industrial Production SA M/M: -1.3% V -1.3% Prelim; Y/Y:-0.4% V -0.4% Prior (CH) China [...]
WTI Crude Oil (NY Close): $80.24 // +0.39 // +0.49% Crude prices are sailing higher along with S&P 500 stock index futures ahead of the opening bell on Wall Street as the upward correction across the spectrum risky assets continues. The newswires are attributing the optimism to rising confidence in the emergence of some sort [...]