European Markets & EUR

November 28, 2013 10:05 am / Published in * Trade Alert, EUR, SPX
The markets in Europe are celebrating the holiday as well and all the major indexes are green. The futures of the SP500 traded above all time high reaching 1809 ESZ3 The EUR/USD is trading near to 1.36 recovering from the last 2 weeks sell off.

Market Update

November 7, 2013 10:56 am / Published in ECB, EUR, EUR/USD, GLD, Market Internals, Nasdaq
ECB unexpectedly cut its main benchmark rate by 25 basis points to 0.75%. Euro is falling against the dollar. Gold investors should take note that the reason behind ECB rate cut is fear of deflation. Today the market had an important gap up which we used to sell long term SPY positions. The marke internals