Well it looks as though the Santa rally is on! Yesterday I was sceptical of a rise mainly being caused by a short covering scenario. However a 300+ point rally
Hi all. Well so much for the Santa Clause rally everyone was hoping for. I guess there is still 5 days left until Christmas but things are not looking good
After the latest emergency summit the EUR/USD tumbled as traders didnt buy the success of the deal at all this time. The 400 pip drop on Monday and Tuesday confirms
Hi all. Todays news events were somewhat muted. there was a rumor of S&P downgrading France that never happened. the rumor did make the euro surge lower but didnt have
Hi all. The euro acted as expected yesterday. I did have my timing a bit off and was stopped out
I was obviously wrong about any optimism concerning the EZ summit. It seems just as the US market didnt buy
As for the week ending Dec 9th. I was a bit surprised by the run up late in the day on Friday given the fact that most of the news during the week was euro negative considering the big “plan to have a plan” to fix the crisis. Although there was some positives from Germany on services PMI, factory orders and Industrial production. The fact that Germany alone cant bail out Europe doesn’t change.