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
Once again, it’s all about the EU crisis.
Friday December 9th EU Summit The Likely Big Event This Week
Despite their talent for deferring hard choices, EU leaders appear headed for either an agreement to move towards fiscal and political integration or the dissolution of the EMU and Euro in their current form.
As we noted in our report on the prior week’s market movers, every plan on the table involves more liabilities for the core funding nations, particularly Germany. However given Germany’s actions (including tentative steps towards a German exit from the EU) it’s far from clear that Germany or the others are willing to accept further economic risks.
The EUR’s failure to participate in last week’s risk asset rally suggests that forex markets expect a rate cut, a disappointment from the Friday summit, or both.
We suspect markets will be moving on headlines fueling speculation about the Friday meeting. We won’t have to wait long.
CLUES ABOUT FRIDAY MEETING COULD COME QUICKLY
Early week meetings between French and German leaders mean we could have some idea if hope remains by mid-week. The biggest questions:
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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?