We had a subscriber ask about any suggestions where to look for possible currency ETFs action. Interest rates at record rates not only in the U.S. but globally as well. Add into the mix huge amount of monetary easing like QE3 from U.S. Federal Reserve and central banks around the globe like Japan, Australia and England just to mention a few has seem have broken the system.
Welcome to Thursday’s Morning Coffee Break – As we count down the final two sessions of the week U.S. indexes are on pace for the largest weekly drop since week ending on June 1st. Will bulls be able to muster the first daily gain this week for S&P 500 and NASDAQ?
Welcome to Wednesday’s Morning Coffee Break – U.S. market participants sold Tuesday’s session making it the largest one day drop since August 23 it’s also the last time the Dow Jones index has seen a 1% drop in 6 years. The NASDAQ has not seen this large of loss since June 25.
Welcome to Tuesday’s Morning Coffee Break – Happy anniversary Mr. Market! Today 5 years ago marks the closing highs for both the Dow Jones and S&P 500 indexes. It also marks the start of the downward move during the subsequent financial crisis.
Breaking News – Natural Gas
Welcome to Thursday’s Morning Coffee Break – market participants will need to navigate several market directional influences today. The S&P 500 index has gains for 3 straight sessions with today’s futures suggesting a positive open once again.
Looking at the iShares Silver Trust (SLV, quote) ETF from the viewpoint of a technical standpoint the SLV is testing its previous high
Looking at the iShares Silver Trust (SLV, quote) ETF from the viewpoint of a technical standpoint the SLV is testing its previous high
Welcome to Friday’s Morning Coffee Break – U.S. futures are moving lower on the last day of the week and quarter on fears from the Euro Zone fears and U.S. economic data. After mix data from the U.S. economic calendar traders are looking towards Consumer Income, Spending and Sentiment reports.
The Euro continues to be under pressure for the 8th straight session. As headlines hit the wires about Greece and Spain market participants look to move away from the risk appetite assets send money flowing out of the Euro and into the U.S. dollar. Playing the move Euro move
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