Joined Feb 2011
Status: building a shortfolio
Increasing my 1.2502 buy stops... I think that will crack.
Plunging oil is bad for shale obviously, and is ultimately going to take pressure off the FOMC.
Alot of economists have also said that savings at the pump are likely to go towards paying down debt. Retail sales tmrw is a HUGE print given that the last three major data points :NFP, durables and last months retail sales all missed estimates. Labor data today was also a bit soft.
EUR short positioning is just too big to stand against these factors, not to mention the ECB's joke of an easing program. 22bn paid back in 3yr LTRO last week... meanwhile the new TLTROs have only seen around 7bn in buying so far after three weeks of purchases. December TLTRO take up has alot riding on it...
you sure?... bro, you graphic just show wtf at the old 2748 level and it was a wrong trend signal xD, what about the MACD? it made a very late buy signal, a 50 pips up move doesn't mean we will go bullish trend, now we must see if fundamental will not cheat us...anyway the only thing clear we both have is the support line...we can't doubt of it. support/resistance is the only thing i can trust...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!