Analysts have done their own stress tests on Euro banks and found disturbing results, sending gold up through 1600. Dow down 94.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
ATW’s Jerry Simmons reports the technical outlook for various assets and crosses on his radar have turned bearish. Some, however, look poised for a bullish break out.
A brief look at important company events and economic data releases next week.
Wall Street gave up a promising start last night on qualification from the Fed chairman. Dow down 54.
Bernanke’s QE3 commitment sent Wall Street surging last night before debt ceiling arguments let the wind out of the sails. Dow up 44.
Global financial markets were all over the place last night amidst rumours, minutes and downgrades. Dow down 58.
Global markets lost confidence in Italy last night as the European crisis stepped up to a new level. Dow down 151.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
ATW’s Jerry Simmons believes EUR/USD is preparing for a Big Breakout, but into which direction? Also, he studies some recurring patterns for equities.