Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

Rumor of QE3 Is On Its Way Sparks A Melt Up

admin by admin
June 6, 2012
in Uncategorized
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Midday Market Commentary For 05-06-2012

The Telegraph has all kinds of interesting tid-bits today and reminds us that this is still a news driven market.

“There was a brief wobble for markets during the early afternoon after Mr Draghi said no to any rate cut for the eurozone. However, indices rapidly stabilised after they remembered the more important rumour, that QE3 might finally be on its way in the US. The ECB didn’t hint at any liquidity boosts so all eyes now turn to Washington. Both the Fed’s vice-chairman and chairman will make speeches over the next 24 hours, and, so the theory goes, the spate of weaker US data means that intervention must be on its way. Markets might of course be setting themselves up for a fall in the coming days if we don’t get any supportive words, but for now the optimists are in full control.”

WTI oil is at 85.85 in between trading ranges today of 84.20 and 86.20. Brent crude is currently climbing and trading in the high 101.20 area. Gold is up today at 1638, trading between 1640 and 1633 with a positive bias.

The DOW is at 12358 up 230 or 1.90% (200 day MA is 12270, support is at 12288, black cross formed).

The 500 is at 1310 up 25.09 or 1.95% (200 day MA is 1286, support is at 1288, black cross tomorrow).

$RUT is at 763.30 up 17.22 or 2.31% (200 day MA is 757.43, support is at 746, black cross formed).

SPY is at 131.58 up 2.50 or 1.94% (200 day MA is 128.83, Support is at 129.20, black cross tomorrow). The trend is neutral and the current bias is up.

We were going to short the market about 10:15 when the markets ‘appeared’ to be waning. However, the volume started to drop making it easier for the HFT and ‘Five-Fingered-Accountants’ to manipulate things – which they have done. Markets continued to melt up partially by rumors of QE3 coming our way and quashed any thoughts of going short for at least right now. We will continue to evaluate the situation as the session progresses as our analysis DOES say there is more down than up to come.

The markets are once again riding on thin air which makes intraday prognosticating and tea-leaf reading a black art for only the fool-hardy to believe in. We probably won’t be able to ascertain anything until late Thursday or Friday. Be conservative, be safe and may your profits soar.

@cnn:

“European markets closed sharply higher today with shares in France leading the region. The CAC 40 is up 2.42% while London’s FTSE 100 is up 2.36% and Germany’s DAX is up 2.09%.”

If anyone tells you things are getting better in the EZ, ask them what they are smoking because the outlook is dismal at best. Please read The Financial Armageddon That Faces The Eurozone as a reminder.

@telegraph:

“The Crisis in the eurozone is hitting small companies’ confidence and cash flow, writes James Hurley, with European suppliers demanding cash up front for orders while exporters are being caught by customers delaying payment.

Data from Western Union show that businesses are increasingly shifting payments to the end of the month as they hoard cash and wait for better exchange rates.”

“Glenn Uniacke, senior dealer at Moneycorp, comments on the ECB press conference:

With its direct reference to increased downside risk, heightened uncertainty, flat GDP and a lack of momentum, Mario Draghi’s press conference will have left many onlookers scratching their heads as to why rates were left on hold.

While Draghi has a point in that monetary policy cannot make up for a lack of action elsewhere in the banking and political apparatus of Europe, watching and waiting could be a woefully flawed strategy.

Knee-jerk policy reactions are less effective than a determined and committed policy stance. Caution and procrastination could be the catalyst of the eurozone’s collapse.”

To contact me with suggestions or deserved praise:

[email protected]

Written by Gary

Previous Post

Testing Of Resistance and 200 Day MA’s Underway.

Next Post

Looks Like A Beginning Of A Summer Rally, Really?

Related Posts

US Government $1.5T Debt Interest Will Be 3X Bitcoin Market Cap In 2023
Economics

US Government $1.5T Debt Interest Will Be 3X Bitcoin Market Cap In 2023

by John Wanguba
January 29, 2023
Tesla, Insurers Take Different Paths To Address Expensive Repairs
Business

Tesla, Insurers Take Different Paths To Address Expensive Repairs

by John Wanguba
January 28, 2023
Sam Bankman-Fried Wants To Access FTX Funds
Business

Sam Bankman-Fried Wants To Access FTX Funds

by John Wanguba
January 28, 2023
Intel 'Stumbled,' CEO Says; Shares Dropped 9.5% As Loss Projection
Business

Intel ‘Stumbled,’ CEO Says; Shares Dropped 9.5% As Loss Projection

by John Wanguba
January 28, 2023
GM, Ford Must Assure Investors They Can Record Profits As Prices Drop
Business

GM, Ford Must Assure Investors They Can Record Profits As Prices Drop

by John Wanguba
January 28, 2023
Next Post

Looks Like A Beginning Of A Summer Rally, Really?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins banking banks Binance Bitcoin Bitcoin adoption Bitcoin market Bitcoin mining blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe finance FTX inflation investment market analysis markets Metaverse mining NFT nonfungible tokens oil market price analysis recession regulation Russia technology Tesla the UK the US Twitter

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • US Government $1.5T Debt Interest Will Be 3X Bitcoin Market Cap In 2023
  • Tesla, Insurers Take Different Paths To Address Expensive Repairs
  • Sam Bankman-Fried Wants To Access FTX Funds

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish