Posts Tagged ‘Here’
Elliott wave subscribers were prepared for municipal bonds troubles months in advance
By Elliott Wave International
This November, the whole world tuned in as the greater part of the U.S.A.’s 50 states turned red — and no, I don’t mean [...]
You can think of this as a follow-up to my last post, entitled “Euro Due for a Correction,” in which I proclaimed that “investors got ahead of themselves when they pushed the Euro down 20% over the first half of 2010, but now they are in danger of making the same mistake, and are pushing [...]
Quotable
“Australia will do very poorly between the second half of October and January-February.”
John Taylor, FX Concepts
FX Trading – Follow the Leader: Australian dollar the risk driver here?
There is no mistaking the role the Australian dollar plays in currency speculation. It is easily THE risk currency. It’s got growth (particularly the tight connection to China [...]
ECB bought Irish bonds on Friday…
Here endeth the Summer. We hope you have enjoyed your break in the market’s road side service station, because it’s time to climb back on board before heading back out onto the highway. Remember, tiredness kills. Unfortunately too many Macro punters, instead of sitting back and sipping overpriced “beverage-like products” surrounded by screaming kids have [...]
Yesterday, S&P downgraded Ireland’s sovereign debt which sent bond yields higher for the troubled Euro zone nation. However, German business confidence figures came in better than expected which has counter-balanced the regions prospects and is providing a bid for the Euro.
Here in the US, Durable goods orders came in worse than expected and yesterday’s dismal [...]
Sorry, we fell unconscious for a couple of days. We caught it off the markets.
Dull this isn’t it? There we were looking for the Euro negatives to come back into focus and whilst the euro has indeed stopped going up, someone instead appears to have tripped over the power lead to the markets. A bear [...]
Key News
Britain’s budget deficit will narrow more than forecast. (Bloomberg)
Quotable
“The market usually leads because there are people who know more than you do.”
Bruce Kovner
FX Trading – $50 billion here, $50 billion there…Short euro? Be careful here with euro…
The phrase I think originally went something like this: A million here and a million there; pretty [...]
Key News
Chinese exports in May grew about 50 percent from a year earlier, sources said on Wednesday. (Reuters)
Chinese labour protests that have forced shutdowns at foreign factories have spread beyond south China’s industrial heartland, posing a dangerous new challenge for Beijing. (Financial Times)
Japanese machinery orders rose more than economists estimated. (Bloomberg)
South Korea plans [...]
NEW YORK (CNNMoney.com) — Investors return to work this week with the Dow just short of 11,000, the Nasdaq nearing a two-year high and the first-quarter reporting period set to take off.
The blue-chip Dow crossed the 11,000 mark just before the close Friday, but ended short of that to finish at a new 18-month [...]
