Monday 3rd October 2011
7:15pm. Just a very quick post to bring you upto date – I have just got back from a week away, celebrating my birthday, so when I am settled in tomorrow I shall be doing some trading !! It would seem that while I have been away, there has been plenty of excitement in the money markets. The Greeks have announced that they are going to miss their deficit targets for the next two years, so ongoing world fears for the Euro currency and also the PIGS (Portugal, Italy, Greece and Spain) have helped push some markets into a downward spiral. The Euro/Dollar forex pair has had a negative day today, but there maybe some support for it coming up so the sell-off may be halted temporarily – we will see tomorrow. It is going to be a busy week for economic news (which always moves the markets) there is Manufacturing Data coming out from Germany, France, the UK and the US together with interest rate decisions from the Bank Of England and the European Central Bank (ECB). Finishing off the week we have the biggest impact on the markets – the U.S. Non Farm Payrolls on Friday, so hold onto your hats………..