The Latest Market News

Dark Clouds Gathering

Posted by:  |  Time: 8:45 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

The summer rally is fading. We have about 10 days before the market will start concentrating on some serious issues.

ESM is going to come to the fore with regards the legal challange being brought by Ireland to the European court. Greece is close to running out of money.Spanish bond yield are rising. LIBOR scandal driving down bank stocks.

On the good news side, slightly better figures in the US.

We are seeing a rise in US yields and therefore a stronger dollar.

At the moment buying the dollar is the easy trade, either against the JPY but especially against the Euro.

Stocks are Harder as the S&P has still good resilience.

Trading conditions are still unclear but we are headed to some decent activity soon.

In the meantime levels are 1407.5  and 1397 on the S&P

1.2300/25  1.2250 on The Euro.

Comments are closed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.