May 14, 2012
- in Uncategorized by schooloftrade
Greece takes center-stage as New Week starts without major news
Happy Mother’s Day to all the moms. Every day is another opportunity to learn from the market we’re trading today. Every day brings a new reason to step back and smile because this is an amazing life we live as professional traders, and the freedom that comes with this career enables so much. Every new day is another chance to make a mistake to learn from, and to have success to build confidence. Every day is a chance to improve your trading plan, to make small changes that will lead into big improvement, and every day is a chance to reflect on where we’ve come from. We all started from the bottom, and today is a great day to be thankful for just how far we’ve come. —————————————————————————————
The James’ Report: Day Trading Strategies for Professional Traders
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What happened Overnight:
– PPI in Euro-zone disappoints overnight
– US Morning Session has no major news, so expect reactions to Greece to take center-stage
– Greek coalition talks fizzle. Euro exit fears rise.
– China PBoC cuts RRR by 50bps to 20.00% (as largely speculated). Lackluster response in markets
– German Chancellor Merkel party suffers worst electoral defeat since WWII.
– European leaders appeared more openly talking about a potential Greek EMU exit
– China PBoC cuts RRR by 50bps to 20.00% (as largely speculated). Lackluster response in markets
– German Chancellor Merkel party suffers worst electoral defeat since WWII.
– European leaders appeared more openly talking about a potential Greek EMU exit
– Equity markets in Europe started the week in negative territory, amid continued concerns about the Greek government, which have driven Greek 10-yr yields higher by over 100bps. Additionally, worries about Spanish banks and regions have pushed Spain’s 10-yr yields to highs not seen since before the ECB’s Dec 8th LTRO, as recent data from the ECB has shown that Spanish banks are continuing to increase their reliance on the central bank (Spain ECB net April bank borrowings at €263.5B (record) v €227.6B prior). Additionally, the equity markets are weaker as Italy and Spain have both sold debt on today’s session.
Prepare for your trading
with these charts today:
with these charts today:
Crude Oil
Futures
Futures
Gold
futures
futures
E-Mini-Russell
Futures
Futures
Euro
Currency Futures
Currency Futures
