"This announcement took the wind out of the equity market's sails and added a little more edge to the upcoming Sunday evening trade.
Watch the US-EUR and EUR-CHF crosses.
Even better if you are able watch the bond spreads since they are leading the currency moves these days.
The remainder of today's trade is a bit of a throw away because of the option expiration, but next week on Wednesday the Fed should announce some decision relative to son of QE2, and on Friday the Russell is rebalanced.
Plenty of volatility coming for the traders, and headaches for investors and producers seeking a stable income. That is the US casino economy..."
at http://jessescrossroadscafe.blogspot.com/2011/06/moodys-warns-may-cut-italy-credit.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29
No comments:
Post a Comment