Auslanco - GBP/JPY and GBP/USD (newstrade)
this corespondent to my system so
momentum near ema100 is rising quite sharply and momentum is weaker than when was at 133 last time also is near bear zone therefore i think bulls wont let to drop further
for me is worth a risk i might be wrong ofc i just follow system blindly without emotion
White House says automakers will get $13.4 bio in short-term loans, with a possible addition of $4 bio in Feb, but must show viability by end of March or the funds can be recalled....Not that there is likely to be anything left. Bailout should be a positive for stocks and risk appetites as it removes another major negative from the immediate outlook.
those funds will just disappear into the supplier invoices and executives gilded wallets. Possibly next in line are the auto part suppliers. We all need our free green paper.
Here's an interesting question. Is it ever possible that it gets to a point where a bailout comes around as negative news? The US has certainly done so many now that there must be some point where the negative long term impact on the country outweighs the short term positive boost to a single industry.
