Blackberry Forex Trading
A little hope for the holiday season after a turbulent storm
It would be difficult choice to describe a world global equity throughout the second
half of this year. Stock markets and economies appear to be balanced on a
knife-edge with the possibilities of a global recession as high as 50/50 according
some analysts.
The credit crisis, interest rates, inflation, public debt and the consumer
expenses are all interconnected and form the focus for 2008. Last week
global stock markets closed the week with a swing feeling very nervous
entire flow of information about these five factors. On Thursday, the Nasdaq 100
closed up over 2% on better than expected consumer numbers and spending
earnings reports from Research In Motion (Blackberry) and Oracle Corp.
The FTSE was one of the strongest markets last week that the latest news
interest rate cut was voted unanimously. This can increase the chances of
a series of rate cuts, with the next cut expected to come as soon as
January 10th.The MPC said that a relaxation "in the policy" may be
necessary to counter the risks to economic growth contraction of credit.
Sterling fell to its lowest level in three months against the dollar
and near its record low against the euro. UK buyers jump over
New York for Christmas shopping have been much less of a pact
expect the USD / GBP exchange rate fell below $ 2 per pound
Thursday.
A significant increase in the confidence of the Government interests are also affected as data
National Office Statistics revealed that the UK current account
deficit has doubled in the third quarter to £ 20 billion. This is now the largest
deficit in cash terms, 5.7% of GDP and is now larger than the U.S. deficit
comparatively.
However, a rate cut in January is not a done deal with inflation fears
persistent. verdict without changes 'A' more likely at the next meeting
according many senior economists and future interest rates. Libor (London
Bank Interest Rate) fell last week on the back of the global central
bank bailout "plan. It is expected that this rate reduction means that
Credit markets will begin to flow again in the New Year without the need of
another rate cut.
There is much talk of Santa Claus rally takes effect between
close Christmas Eve and New Year. Since 1940 the S & P 500 was up
during this period 76% of the time with an average increase of 0.8%. The effect
has declined in recent years according to investment as with the S & P
500 actually notice a decrease in average during the festive period as the
beginning of the current bull market in 2003.
According to the Stock Trader's Almanac when the rally does not appear, you can
bad news for the stock market. "If Santa Claus should not call, bears
can reach Broad Wall "as they said. This was without doubt in the back mark
in 2000.
Next week there is reduced Commercial Christmas calendar. Most notable are the U.S.
Core durable goods orders and consumer confidence on Thursday. On Friday, the house
feeling prices again dominate the data from the UK housing prices nationwide
and U.S. sales new homes released at the end of the week.
Thursday and Friday was impressive strength, but it could be argued that the
Tuesday's rally was too far and too fast. We are entering a seasonally
period positive, but the speed of the move on Friday may have exhausted the
enthusiasm bulls earlier than expected.
Therefore no more than a touch might be the best option for Christmas week
and beyond. This allows a more minor encouragement while providing
exposure to the market in the next beat month. No Touch'higher A "in
S & P 500 with the trigger set up in 1590 more than 35 days back with a yield of 10%.
This level is 14 points above the historical high posted in October.
– END –
Contact details:
Name: Mike Wright
Tel: 448003762737
Email: editor@my.regentmarkets.com
Url: Betonmarkets.com and Betonmarkets.co.uk
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Third Floor, 1-5 Church Street
Douglas, Isle of Man
IM1 2AG
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