November 5, 2012
- in Uncategorized by schooloftrade
US Election ahead, traders use caution in wake of Sandy
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The James’ Report: Day Trading Strategies for Professional Traders
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News from Europe & Asia for US Morning Session:
– Markets anticipating the US Election results on Tuesday, traders use caution
– G20 Finance Officials to Warn on Euro Zone, U.S. Fiscal Cliff
– Mixed China Services PMI data for Oct; Offical Govt rose to 55.5 while HSBC Services PMI slipped to 53.5
– Germany 2-year Schatz yield turns negative for first time since early Sept
-ECB Looks at own stance on Spanish-Collateral use; ECB treated €18B in Spain bills too generously when used as collateral by banks, did not apply large enough haircuts and broke its own rules
– Mixed China Services PMI data for Oct; Offical Govt rose to 55.5 while HSBC Services PMI slipped to 53.5
– Germany 2-year Schatz yield turns negative for first time since early Sept
-ECB Looks at own stance on Spanish-Collateral use; ECB treated €18B in Spain bills too generously when used as collateral by banks, did not apply large enough haircuts and broke its own rules
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