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3 Numbers To Watch: Ahead of Cliff, 10yr Treasurys, gold, EURUSD
It's a sleepy day for economic releases, with the U.S. closed for a public holiday, but that provides an opportunity for reviewing the market implications of the Fiscal Cliff risk that looms over the U.S. economy in the days and weeks ahead. Three numbers to watch as that drama unspools will be the benchmark 10-year U.S. Treasury yield, the price of gold, and USD. Their levels will reveal quite a lot of real time intelligence about the market's perception of progress, or lack thereof, for resolving the fiscal cliff. That leads to the obvious question: Who the heck is James Picerno? Take a look at my profile for an ... (full story)
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