Seeking Alpha

Michael Michaud's  Instablog

Michael Michaud
Send Message
Michael Michaud is the founder of Invest2Success.com (http://www.invest2success.com/) and the Invest2Success Blog (http://invest2success.blogspot.com/). He has been investing and trading in the financial markets since 1989. He founded Invest2Success.com to empower individual institutional... More
My company:
Invest2Success
My blog:
Invest2Success Blog
  • Euro Drifts Lower Below 1.35 . . . Has The Correction Begun? 0 comments
    Sep 25, 2013 4:43 AM

    Euro drifts lower below 1.35….may the correction has begun.

    Germany's consumer confidence is seen rising to another post-crisis high in October, the GfK Group reported Wednesday, joining with businesses and investors in showing growing optimism in the prospects for the Eurozone's largest economy. The GfK's key consumer climate index likely rose to 7.1 in October, while the September index was also revised up 0.1 point to 7.0.

    ECB's Mersch tells banks to recapitalize through markets or local governments.

    Swiss UBS consumption indicator down. The indicator fell to 1.32 index points in August from 1.41 previously. UBS does not regard this as grounds for diverging from the recently raised forecasts for the Swiss economy, since private consumption is likely to continue growing robustly and to remain the most important pillar of the economy.

    U.S. stocks fell for a fourth day amid concerns over budget talks and economic growth as investors weighed prospects for easing tensions in the Middle East.

    The Conference Board US Consumer Confidence Index falls. The Index now stands at 79.7, down from 81.8 in August.

    Japan must raise its sales tax to at least 20 percent by the time the Olympics come to Tokyo in 2020 to avert a "disaster" in its bond market, according to the head of a panel advising the world's biggest pension fund.

    China's economy slowed this quarter as growth in manufacturing and transportation weakened in contrast with official signs of an expansion pickup, a private survey showed. Increases in business-investment and real estate revenue also slowed, while service industries picked up and employees became tougher to find

    RBA Financial Review: The main risks to the global financial system have shifted somewhat over the past six months. In the euro area, which has been a significant source of uncertainty in recent times, there have been some positive policy developments as well as early signs of an improved economic outlook. However, profitability of the euro area banking system remains weak and non-performing loan ratios continue to rise. A number of banks in the euro area still cannot access wholesale funding markets. Thus there is still a chance that negative outcomes in that region could harm global financial stability. Financial market volatility has increased, particularly in the middle of the year when the Federal Reserve indicated that it could begin scaling back its asset purchase program later this year, which triggered a rise in yields and declines in prices of a range of risk assets. The Australian banking system continues to perform relatively well. Banks were in a good position to meet the Basel III capital requirements.

    Watch today: French manufacturing, UK retail, US homes.

    By Zulutrade

    Click the Links Below to Review Forex Signals Metatrader Expert Advisors FX Brokers and Trading Education Courses

    Forex Buy Sell Signal Alerts Free Trials

    Forex Buy Sell Signal Alerts Free Trials

    ZuluTrade

    ZuluTrade Forex Accounts from Multiple Brokers All with Free Buy Sell Signals
    Autotrade the Forex market like never before! Let ZuluTrade drive trades by specialists into your FX account for free. ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account.

    Forex Trading Brokers Systems Strategies Courses Education Programs

    Van Tharp Institute
    Van Tharp Institute

    Van Tharp Institute
    Investing Trading Home Study Programs & Live Seminars Workshops

    Dedicated to cutting edge, high quality professional educational investing trading programs for traders and investors providing a road map for financial freedom. The finest investing trading education in the financial universe. Dr Van Tharp is one of the orginal Market Wizards, and referred to as the Traders Coach.

    Profiting In ForexCandlestick Trading Course

    Steve Nison Candlecharts Forex Candlestick Charting Training Mega-Course

    NEW candle pattern insights, such as the order of power of candle signals so you'll know how much confidence to have in any candle setup. NEW trading psychology revelations, lets you quickly and accurately read the market's message to accelerate your analysis. NEW simple-to-follow systems, like my simple 5-Step Trading Checklist to give you a step-by-step method of maximizing your opportunities for success. Candlestick Trading System for Beginners to Pro-Traders. It doesn't matter if you're a complete beginner or pro-trader. These new DVD Training Programs will give you the Simple Candlesticks "4-Step Success System"

Back To Michael Michaud's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.