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Economic Calendar
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Currency Strenght
Friday, 2 December 2011
Brains or Heart
Technicals Say Go With the Money and Not the Brains
Key monthly employment report to be digested in North American session
Markets have lain dormant since Wednesday’s coordinated central bank action, and traders are still befuddled as to why. On one hand, the move opens the door to cheaper money and should theoretically help stimulate the global economy. However, the move also underscores a bleak outlook – the global economy wouldn’t need aggressive blood transfusion if it wasn’t in terrible shape.Also, will the banks even let off the money to grow the econmy and issue lending, Could this be liquidity trap which could potentially expose the global economy to danger up the road.
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