Wednesday, December 22, 2010

Morning Madness

  • Future markets about flat
  • GDP revision missed expectations: 2.6% vs 2.7%
  • Home sales are due out later in the morning
  • EUR/USD bouncing off of 200 and 150 day moving averages
  • GBP/USD now using the 150 day as resistance, should find support on the 200 day
  • USD/JPY continues to sell off from resistance at 84.41
  • Volume will remain to be light as the holiday nears
  • Wouldn't expect much movement to either side today
  • POMO again today should add a little 'spice' to the market
  • Bulls have some room to run right now
  • Bears need to take back the 1246 level

No comments:

Post a Comment