The EUR/USD (Euro Dollar) bottomed on January 13, 2012 at 1.262 from a severely oversold technical condition. Since that time, the EUR/USD has surged sharply higher and is now trading into the 1.329 level. This type of robust rebound is very common after such a steep downdraft. In fact, the EUR/USD still could have some more upside left in the tank before another major pullback takes place.
This afternoon, the major stock market indexes have rallied once again after more news out of the European Union. This time around the European Union leaders have released a statement that they may run two separate rescue funds. Who really knows what this news actually means? If you are a trader then you should know that the European news caused the U.S. Dollar Index futures (DX Z1) to decline.
All Of The Players Are In Place For An Inflation Extravaganza
Yesterday, all of the major stock indexes around the world surged higher after the central banks announced the coordinated intervention for the banks holding European debt. This action by the central banks is a repeat of the action taken back in September 2008. We all know what happened shortly after that intervention in 2008 as the stock markets cratered into March 2009.
The U.S. Dollar Index futures (DX Z1) just fell off a cliff before the opening bell. When the U.S. Dollar Index declines the major stock indexes will inflate and trade higher. You see, nobody really cares about the poor earnings reaction to Amazon.com Inc (NASDAQ:AMZN), and Broadcom Corp (NASDAQ:BRCM) earnings. The markets are simply reacting to the action in the U.S. Dollar Index. When the U.S.
How to Profit From Possible Moody's Downgrade of France
BTDStocks.com Thursday, May 12, 2011 End-of-Day Update
With the major indexes opening today's session down and things looking grim stocks staged a recovery and were able to reverse decent losses and finish higher with mild gains. Market breadth was generally positive but investor participation did not indicate the positive reversal had strong backing behind it.
BTDStocks.com Wednesday, May 11, 2011 End-of-Day Update
The bears had control of the stock market today as each of the major indexes declined at least 0.9%. Today's action was reminiscent of the type of trading we saw last week with investor selling pressure strong in down sessions. In contrast, during recent up day's buying from investors has been weak. Market breadth was weak today.
BTDStocks.com Tuesday, May 10, 2011 End-of-Day Update
Stocks rose today with each of the major indexes gaining at least 0.5%. The DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) all closed near their session highs. In addition, both the S&P 500 and Nasdaq Composite spent the entire session in positive territory while the DJIA was only slightly negative at one point during today's trading session.
BTDStocks.com Monday, May 9, 2011 End-of-Day Update
The stock market rose today with the major indexes gaining between 0.4% and 0.6% and was able to shrug off some bad economic news on both the U.S. and international front. Trading activity was calm and didn't indicate investors were buying shares strongly. Market breadth was mostly on the positive side.