Part 2 : Coming Week Market Movers & How To Profit
The following is a weekly strategy guide for traders and investors, covering coming week’s market movers and trade ramifications for traders of all major asset classes via both traditional instruments and binary options. Perfect for those seeking a summary look at likely coming week market movers
Market Reaction To EU Summits Of October 23rd and 26th
It’s unclear what will be announced at which summit, though it appears that the big announcements will come on the Wednesday October 26th meeting.
Whether or not markets are pleased will likely depend on whether markets believe the EU plansimultaneously achieves 2 key yet contradictory goals:
- Cut Greek Debt To Realistic Levels: Greece, and by implication other GIIPS, get enough debt forgiveness (up from 21% in the July plan to over 50% rumored, with some believing much more needed) to convince markets that Greece and the other GIIPS now have a chance to recover (despite a global slowdown, increasing spending cuts, and uncompetitive slow/no growth economies) and pay off the remaining debt.
- Convince Markets No One Gets Badly Hurt From Greek And Other GIIPS Bond Defaults: There’s a convincingly large and credible plan to ensure both
- the stability of EU banking after it’s hit with these massive losses, not just from Greek bonds, but also from other GIIPS bonds as the rest of the GIIPS block undoubtedly seek similar treatment.
- Future bond purchasers won’t suffer similar losses, otherwise much of the EU won’t be able to afford to issue bonds in the foreseeable future.
The key word here is simultaneously. One without the other doesn’t work
HAIRCUTS UNAVOIDABLE BUT KILL EU UNLESS PRESENT & FUTURE EU BOND HOLDERS PROTECTED
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DISCLOSURE /DISCLAIMER: THE ABOVE IS FOR INFORMATIONAL PURPOSES ONLY, RESPONSIBILITY FOR ALL TRADING DECISIONS LIES SOLELY WITH THE READER. IF WE REALLY KNEW WHAT WOULD HAPPEN, WE WOULDN’T BE TELLING YOU FOR FREE, NOW WOULD WE?