11/28/2011 0 Comments
Moving into a Busy Week
Black Friday numbers are starting the week off on a positive note and has helped in the rally we are seeing around the world so far, but what will make or break for the week is yet to come. France and Germany are in talks to form some sort of fiscal union which has brought optimism to the markets (though the actual process is not going to be quick or easy if achievable at all) and there is a meeting of the European finance ministers as well. I believe that today is part of a nervous buying into good news, but the true direction of the market will be determined later in the week.
In the currency markets the dollar has been on the decline since the Asian open, mostly due to profit taking and perceived good news from Europe. Yield currencies are in vogue and I feel that they will work (as well as dividend stocks) should all the news coming out of Europe this week stays promising. Any bad news will most likely send the markets back in the directions of last week; I would watch European bond yields and headlines.
Leave a Reply.
All Chinese Debt Commodities European Disunity Inflation Policy US Earnings