Forex Market Daily NEWS for November 29th 2011 More information and written Technical and Fundamental analysis you can find on axiory.com
Archive for February, 2012
Peugeot agrees deal with GM to save $2 billion
FRANKFURT/PARIS – PSA Peugeot Citroen has agreed to form an alliance with General Motors targeting $ 2 billion in savings, sources with knowledge of the discussions said on Wednesday.
Reuters: Deals
Fourth-quarter economic growth revised up
WASHINGTON – The economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, calming fears of a sharp slowdown in growth in early 2012.
Reuters: Business News
Day Trading Signals – Day Trading Nightmare for These Guys
www.tradethemarkets.com The theme lately has been upside movement. The S&P got to 1275-1280 then got crushed on European news. Now it is almost back to where it ended up, again on European news. Even the Nasdaq participated in the rally, closing the gap better than the S&P. I see no reason to fight this market. For whatever reason, there is lots of pent up demand for assets. Friday’s price action in the indexes was the worst thing that could happen to bears. Those who were short and expecting a continuation lower watched the market reverse and erase their gains. Believe me, I am dying to short this market. But for the time being I remain cautious on the short side. There is not much reason to enter the week with a short bias. Triple witching will also be a factor as the unwinding of derivative positions should put upward pressure on the market. Seems like 8 times out of 10 triple witching contributes to a higher market. AMZN remains a laggard having not participated in the market rally. A decent day for AAPL, not great. GOOG led the way. I look for it to break out higher. The situation in Europe is a looming debacle. The United States seems better positioned. The federal government can push problems to the states, who then push them to the cities, who push them to the municipalities. A case study on San Jose shows that half of their budget is for pensions. Workers who have retired are set to receive full pensions the rest of their lives. People continue to live longer …
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Staples 4th-quarter profit beats Wall Street estimates
(Reuters) – Staples Inc , the largest U.S. office supply chain, reported a quarterly profit that narrowly beat analysts’ estimates, helped by a slight increase in customer traffic at its North…
Reuters: Global Markets
Consumer confidence at 1-year high in February
WASHINGTON – Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.
Reuters: Economic News