A few risks are mounting in days ahead but not always in the most-obvious spots. The Australian dollar was the top performer while its kiwi counterpart lagged. The focus shifts to Japan later with jobs and retail sales due. We have a very bullish chart. What does this chart represent? http://twitpic.com/e92dwq
Markets were lackluster to start the week but trading will surely pick up. Cable gained after 8 days of declines but ranges were small with EUR/USD trading in just a 17 pip span to start the week.
Latest Hot-Chart - Jun 12
World Cup & Market Patterns
9 of the last 13 World Cup tournaments elapsed during a period of falling stocks, with an average decline of 6% from the first to the final match. But see what happens in post-WorldCup Octobers.
GDP & Gold's Disinflation Plunge
The bigger than expected downward revision in US Q2 GDP to -1.0% from an initial reading of +0.1% mainly resulted from an inventory drawdown of 1.62% (three times what was originally expected),...