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Will US Shoppers Rescue Europe's Economy?

Stock-Markets / Financial Markets 2011 Oct 14, 2011 - 06:53 AM GMT

By: Regent_Markets

Stock-Markets

Best Financial Markets Analysis ArticleThis morning there is a muted reaction to the downgrade of Spanish debt by ratings agency S&P. It seems that the agency has done little more than confirm what markets have been saying for weeks. Today we have the start of the G20 meeting which runs into the weekend. The talks will be centred around Europe with terms of the rescue plan still being finalized amid news that France and Germany are disagreeing on Lisbon treaty reforms.Markets are in a holding pattern right now, but this could be broken by some strong data from the US today.


Last week it was the better than expected NFP data that lifted markets and with US retail sales data due today. Today American shoppers could once again provide Europe with some breathing space. Or not…The hourly charts of the EUR/USD and AUD/USD capture the current mood rather well with choppy range bound trading being the dominant theme in the last couple of days.

The USD/CAD is showing a similar pattern with the pair’s descent coming to a halt around 1.2000.

Gold is no longer a one way ticket, but the trend still seems to be pushing higher. A breakout day is surely due.

Coming up today we have US retail sales and core retail sales due at 13.30 with a rise expected of 0.2% and 0.5% respectively.At 14.55 the consumer remains in focus with the release of preliminary University of Michigan Consumer Sentiment figures. A rise to 60.20 is expected.The current impasse cannot last forever with pairs such as the NZD/USD looking prime for a breakout.

A good way to play this at Betonmarkets might be an IN/OUT trade predicting that the NZD/USD closes outside of either 0.7850 or 0.8050 in 3 days’ time (Monday). This could return 177% if successful.

Dave Evans
Email: editor@my.regentmarkets.com
Url: www.BetOnMarkets.com

With BetOnMarkets, you can trade an ever increasing list of globally traded stocks, indices, commodities and forex currency pairs from one account using a uniquely LOW RISK trading platform that lets you lock in your level of risk and exact return BEFORE you commit to a trade. You can bet on over 100 currency pairs, indices, commodities and stocks with bets ranging from 30 seconds up to 360 days. You can fund your account with as little as $5 and bet for just $1 and its unique "fixed returns" service means you know exactly how much you stand to win or lose before you commit any money. If you are looking for a low cost, low risk way to participate in the markets, then BetOnMarkets is for you. Check us out now at www.BetOnMarkets.com

Disclaimer: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Do your own due diligence.

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