November Non-Farm Payrolls Could Hit 400k
The US economy has officially entered a recession and the labor market numbers that are due on Friday will confirm that. Not only do we expect the US economy to report its eleventh consecutive month of job losses but the job losses will probably be the largest in 26 years. In 2001, there [...]
The Case for a Bounce
The price action in the equity markets today was nothing short of impressive. We literally had a W shaped trading day where stocks opened down 600 points, rallied back into positive territory, sold off again by another 600 points before recovering most of its losses by the end day. The volatility that we have seen [...]
Euro Breaks 1.40 After New Zealand Rate Cut
EURO BREAKS 1.40 HOW MUCH FURTHER CAN IT FALL?
The Euro broke 1.40 following the Reserve Bank of New Zealand interest rate decision as traders realized that the European Central Bank could cut interest rates over the next few months. Despite the hawkishness of ECB President Trichet, it should just be a matter of time [...]
