Forex Market Updates & Commentary
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- Traders Course: Special class today with Shawn Powell 4:00 PM – Support and Resistance
- Philadelphia Fed index comes out lower but Employment better
- Talk of ECB funding bailout via IMF is being shot down by Germany; Sources
- The good news is US data continues to surprise on the upside
- James Chen Speaking Today 10:15 am at the Las Vegas Traders Expo
- Fitch: Italy’s rating could be cut to low investment grade if access to capital markets are hindered
- Fitch says window of opportunity for new Italian government
- EU official: There are some discussion on ECB lending money to IMF for lending to Eurozone states
- EURUSD in a 100 pip range today
- Greece aims to start debt swap in early next year
- Bullard would be open to something more radical to stimulate housing
- Housing Starts (620K vs 610e) Initial Claims (388K vs. 395k)
- US Initial Jobless Claims 388K vs 395K survey and 390K prior.
- Bobbys Corner-Open Market-November.17.2011
- Swiss ZEW Economic Expectations
