The Latest Market News

It’s a waiting game

Posted by:  |  Time: 7:38 am  |  Topic:  |  Comments: 1
Trading Is At Your Own Risk - Read Our Terms & Conditions

Yet again the market steps back and awaits a leaders summit. Whether it’s a G20,  G7 or a Eurozone leaders summit like Thursday/Friday, the outcome should be the same- hype followed by no action. This one might get a bigger hype because the game is getting more serious. But the chances of concrete resolutions- very small.

In the meantime we trade. Yesterday saw a test of 1300/1304 levels. This has held well before and should do again. 1.2460/80 on the Euro has the same qualities. Buy at those levels today with small stops. Nothing dramatic untill Friday.



One Comment

Peter Pipesmoker

June 26, 2012

arrow

As usual can’t see much coming out of this Summit and there will be some degree of resistance to more Political Integration . Mostly the Markets and leaders want some sort of Bond Buying and ECB intervention on a grand scale to sort the Crisis out . It won’t happen , but a row might this time because the pressure is really beginning to come on . That leads where ever
it leads to . The might think one last fudge will work and will find the Markets turn on them calling time this time . Yours Peter Pipesmoker from Ennis .

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.

Close