January 10, 2012
- in Uncategorized by schooloftrade
Day Trading Strategies for Dollar Index , Euro, Crude, Russell and Gold futures
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The James’ Report: Day Trading Strategies for Professional
Traders
Traders
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Around
the Globe this morning:
the Globe this morning:
–
European shares rose during the session after Alcoa, which kicked off US’
earnings season, met analyst’s expectations.
Yesterday’s meeting between Sarkozy and Merkel , as usual, failed to
ease concerns over the crisis, prompting a retreat in equities which had
rallied prior to the meeting. Investors are also anticipating the meeting
between Lagarde and Merkel due later
today. Copper’s rally led to a rally in mining companies such as Rio Tinto and
BHP Billiton.
European shares rose during the session after Alcoa, which kicked off US’
earnings season, met analyst’s expectations.
Yesterday’s meeting between Sarkozy and Merkel , as usual, failed to
ease concerns over the crisis, prompting a retreat in equities which had
rallied prior to the meeting. Investors are also anticipating the meeting
between Lagarde and Merkel due later
today. Copper’s rally led to a rally in mining companies such as Rio Tinto and
BHP Billiton.
–
Fitch commented on the Euro Region and reiterated its mid-December
statement. Fitch noted that there was
tremendous uncertainty on the Euro Zone economic outlook Fitch noted that the
Euro nations likely to be resolved by end of January. He added that a more
activist role of ECB would improve situation in Euro zone. Euro countries under
review could be downgraded by one or two notches
Fitch commented on the Euro Region and reiterated its mid-December
statement. Fitch noted that there was
tremendous uncertainty on the Euro Zone economic outlook Fitch noted that the
Euro nations likely to be resolved by end of January. He added that a more
activist role of ECB would improve situation in Euro zone. Euro countries under
review could be downgraded by one or two notches
–
Fitch’s Director of Sovereign International and Public Finance Parker commented
that Austria’s AAA sovereign rating was not an immediate risk and German
triple-A rating was safe and that it did not expect to downgrade France in 2012
as it was not a crisis country.
Fitch’s Director of Sovereign International and Public Finance Parker commented
that Austria’s AAA sovereign rating was not an immediate risk and German
triple-A rating was safe and that it did not expect to downgrade France in 2012
as it was not a crisis country.
–
Fitch Sovereign Analyst Riley commented on Italy he did note that the country
did face a heavy Q1 redemption profile and saw a significant change that the
country would be downgraded. The Italian Govt needed to deliver on its fiscal
plan with a credible firewall. On Greece
he noted that the country had the potential to intensify the crisis and its
exit from Euro zone was a ‘potential option’. Fitch added that even with a 60%
PSI it would not lead to sharp reduction in its debt burden. He noted that
France was heavily exposed to the Euro Zone success and was at risk from
intensification of the crisis. France’s debt level did make the country a AAA
standout. On the UK Riley commented that its fiscal profile was aided by the
long debt maturity and QE helped to reduce gross UK borrowings and more scope
for the BOE to expand its balance sheet. Fitch did note that there was a limit
on just how far leverage AAA guarantors could go.
Fitch Sovereign Analyst Riley commented on Italy he did note that the country
did face a heavy Q1 redemption profile and saw a significant change that the
country would be downgraded. The Italian Govt needed to deliver on its fiscal
plan with a credible firewall. On Greece
he noted that the country had the potential to intensify the crisis and its
exit from Euro zone was a ‘potential option’. Fitch added that even with a 60%
PSI it would not lead to sharp reduction in its debt burden. He noted that
France was heavily exposed to the Euro Zone success and was at risk from
intensification of the crisis. France’s debt level did make the country a AAA
standout. On the UK Riley commented that its fiscal profile was aided by the
long debt maturity and QE helped to reduce gross UK borrowings and more scope
for the BOE to expand its balance sheet. Fitch did note that there was a limit
on just how far leverage AAA guarantors could go.
**Reminder: On Dec 16th: Fitch placed the sovereign ratings of
Belgium, Spain, Slovenia, Italy, Ireland and Cyprus on watch negative)
Belgium, Spain, Slovenia, Italy, Ireland and Cyprus on watch negative)
–
France Fin Min Baroin commented that he sought a financial tax (tobin tax) on a
European level and would discuss the topic with Germany’s Fin Min Schaeuble on
Thursday, Jan 12th
France Fin Min Baroin commented that he sought a financial tax (tobin tax) on a
European level and would discuss the topic with Germany’s Fin Min Schaeuble on
Thursday, Jan 12th
– Greek Deputy Fin Min commented that the bond
swap discussions were at a satisfactory point but did not provide any further
details. He sought the debt swap deal to bolster the view that Greek debt would
be viable
swap discussions were at a satisfactory point but did not provide any further
details. He sought the debt swap deal to bolster the view that Greek debt would
be viable
–
China Trade components (Export and Import growth) hit two year lows
China Trade components (Export and Import growth) hit two year lows
–
Fitch says Euro nations sovereign review likely to be resolved by end of
January
Fitch says Euro nations sovereign review likely to be resolved by end of
January
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Today’s Economic News:
Our
day trading
strategies today will depend on the news, and this morning we
have another day of transition into the New Year without much MAJOR news to
work with.
day trading
strategies today will depend on the news, and this morning we
have another day of transition into the New Year without much MAJOR news to
work with.
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