1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Eurjpy Looking for 2012 Highs

Discussion in 'Personal Trade Journals' started by kasim ijelu, Mar 12, 2012.

  1. kasim ijelu

    kasim ijelu Private, 1st Class

    Joined:
    Mar 11, 2009
    Messages:
    44
    Likes Received:
    0
    CHINA UNCERTAINTY



    See Charts Timeless Trading

    Data on Friday showing solid growth in U.S. employment suggested the world's largest economy was strengthening and in less need of further monetary stimulus from the Fed, which holds its policy meeting on Tuesday.

    Economic conditions elsewhere were less rosy or clear-cut.

    China's trade balance data over the weekend showed the largest deficit in at least a decade, following recent reports that inflation cooled in February while retail sales and industrial output fell below forecast.

    "Aside from healthy demand for industrial metals, assessment of recent Chinese data is mixed, and more figures are needed to clarify the uncertainty," Niimura said.

    Mr PRICe ABOVE 50% ABD WKLY PIVIOT POINTS @ 107.80

    See wkly charts
    Timeless Trading
     

Share This Page