A look at the day ahead in European and global markets from Rae Wee
The Reserve Bank of Australia (RBA) on Tuesday joined the Federal Reserve in a chorus of caution as it pushed back against bets for imminent rate cuts, and even kept a tightening bias at the conclusion of its policy meeting….
Full story
Morning Bid: A dose of reality for the rate cut rally/a>
healing bleeding hearts: some bits to leave some bits to take
–
* It’s not uncommon to turn to material possessions to fill the void created by isolation.
* Being part of a community can be more rewarding than the temporary satisfaction that comes from spending.
* Even small acts of kindness can make us braver and bolder in connecting with people.
Op-ed: Embrace community over consumerism. It may be the secret to a more satisfying life – on cnbc of all places
MTL, I am Pro USD ( but that means nothing, as I really hate EUR )
Now my View for today :
There are two options – pattern wise – one is for support at 1.07450 to hold for now and we go up till the end of the day – in that case I only can get involved on very small time frames ( don’t like buying in this conditions ) . As I said last night, Resistance is at 1.08200 and even 1.08400. From there I would expect next day to just fall down and go through the support.
Second possibility is for support to be broken in next hour or so…and again I would have to play on small time frames…entry, stop, profit and all….
I would of course prefer that they do behave as I expect, so I can get in tomorrow for a bigger move…but we’ll see how it develops
potential warning or potential profit opps
“an alternate reality dominated by fear and loathing.”
–
about those who have at least one postgraduate degree, earn more than $150,000 a year, and live in or near cities
How young elites are protesting against their own best interests
An Opinion By Steven W. Mosher – NY Post
THIS WEEK’S MARKET-MOVING EVENTS (all days local)
The Reserve Bank of Australia on Tuesday and the Reserve Bank of India on Thursday are both expected to hold policy unchanged, extending a lengthening trend of no action among major central banks which are in no hurry to cut rates given still high levels of inflation combined with still stable economic activity.
Economic highlights include Eurozone retail sales on Tuesday which are expected to fall once again; German manufacturing orders on Tuesday and German industrial production on Wednesday are both expected to be flat. Chinese consumer prices on Thursday are expected to remain in contraction, while Canada’s labour force survey on Friday is expected to rebound in January after coming in flat in December.
© 2024 Global View