We now sit about 4 points higher on the SPX 500 (as of 8:45am EST). Yesterday we had Bernanke state that stimulus was back on the table. We have seen the USD decline as equities rally. When you print money, there is more...
Read MoreSubmitted by BBFX Blogger on Wed, 01/25/2012 – 07:14 The SPX 500 sits about 2 points lower than Tuesday’s close on the S&P 500. This morning we had below expected results for German GDP, which has caused the...
Read MoreGreece debt talk drags on as private creditors don’t want to take a haircut. We were supposed to have results last Friday and now we are supposed to have result by February 1st. The EUR/USD has dipped below 1.30 and we...
Read MoreThe SPX 500 sits about 4 points higher than Wednesday’s close on the S&P500 (as of 7:55am EST). We may see the major pairs rally against the USD as equities continue move upwards. The EUR/USD has broken through the...
Read MoreThe markets declined Friday (01-13-12) on rumors of Euro zone downgrades. The downgrade rumors turned out to be true when Standard and Poor’s announced the downgrades after the market had closed. The SPX 500 now sits about...
Read MoreBack on September 6th 2011, the Swiss National Bank (SNB) announced the floor peg of 1.2000. September 6th 2011, was a Tuesday that came after the extended Labor Day weekend and caught a lot of traders off guard as it was...
Read MoreStill bearish on the Euro, but with all the volatility you keep getting stopped out? A pair that could play out be a long term carry trade is the EUR/TRY (TRY is the Turkish Lira). On Tuesday it failed to break above the 200 Day...
Read More-The SPX 500 sits about 4 points lower than Tuesdays close on the S&P 500 (as of 7:55am EST). The SPX 500 failed to hold above the 0.764 Fibonacci Retracement. This set up looks very similar to what we saw back at the end of...
Read MoreThe SPX 500 sits about 13 points higher than Mondays close on the S&P 500. Overnight we had China’s Trade Balance that was far greater than estimated. We also had Fitch state that France does not look to be downgraded...
Read MoreThe SPX 500 sits about flat (as of 8:05am EST) from Thursdays close on the S&P 500. At 8:30am EST we have the release of Non Farm Payrolls and the Unemployment report. These two reports will bring large volatility and it may...
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