(concerning G-20 meeting) She thinks the ECB will not support the Euro. Should read her article
“If the meeting turns out to be a dud and no ground breaking announcements are delivered, the next focus turns to the European Central Bank meeting on Thursday.
ECB Not Expected to Lend Support to the Euro The market clearly wants Europe to get their act together and calm things down, but the European Central Bank may do more to hurt the euro than help it when they meet later this week. With inflationary pressures still muted, the ECB needs to keep monetary policy ultra easy to prevent a double dip recession in Europe.”
Yeah, I just found that out too Anna. It's in the first video I posted above. Looks like Halliburton destroyed the rig so BP couldn't get rights to the oil. Thugs… all of them!
Monday could be a flat or “pause” day, putting in a doji and then Tuesday would be the large down day. It's hard too tell about Monday, as we are very oversold short term… like on the 60 minute chart.
But, the monthly, weekly, and daily are pointing down. So, it could go either way at this point? The over night futures sold off pretty hard, but have now recovered all the lose. So, a flat day (which could be slightly positive or negative) looks more likely at this point.
That leaves Tuesday to be a big down day. We'll see I guess, but I do believe this month is going to be like May was… down.
should be interesting to say the least.
Yeah Monica,
Looks like we will get a bounce today, to work off the oversold conditions on the 60 minute chart. That leaves Tuesday as another down day.
Interesting post Red – bizarre futures action.
European markets situation may give a positive start for dow and sp 500
http://niftychartsandpatterns.blogspot.com/2010…
live by the central banks, die by the central banks
For those of you who track the Euro as an influence on US Stocks. Kathy lien has the following to say.
http://www.fx360.com/commentary/kathy/3481/will…
(concerning G-20 meeting) She thinks the ECB will not support the Euro. Should read her article
“If the meeting turns out to be a dud and no ground breaking announcements are delivered, the next focus turns to the European Central Bank meeting on Thursday.
ECB Not Expected to Lend Support to the Euro
The market clearly wants Europe to get their act together and calm things down, but the European Central Bank may do more to hurt the euro than help it when they meet later this week. With inflationary pressures still muted, the ECB needs to keep monetary policy ultra easy to prevent a double dip recession in Europe.”
Yeah, I just found that out too Anna. It's in the first video I posted above. Looks like Halliburton destroyed the rig so BP couldn't get rights to the oil. Thugs… all of them!
http://www.telegraph.co.uk/finance/newsbysector…
BP is British I know someone maybe Red told me it was royal dutch shell
http://www.blurtit.com/q776117.html
Monday could be a flat or “pause” day, putting in a doji and then Tuesday would be the large down day. It's hard too tell about Monday, as we are very oversold short term… like on the 60 minute chart.
But, the monthly, weekly, and daily are pointing down. So, it could go either way at this point? The over night futures sold off pretty hard, but have now recovered all the lose. So, a flat day (which could be slightly positive or negative) looks more likely at this point.
That leaves Tuesday to be a big down day. We'll see I guess, but I do believe this month is going to be like May was… down.