Australia’s GDP missed estimates dragged down by household construction and a stronger Aussie Dollar. Talk of possible interest rate decrease at next meeting, Aud/usd at 1.0544. Shanghai Comp is going back and forth and could end up flat with banks and miners on the downside. Shanghai Futures are down across the board. With 2 hours of Asian session we have eur/usd at 1.3142 which is higher then our close level. The ADP number is 215K, if it misses in a big way we could get hopes of QE, a big beat could provide proof the recovery is here (well until all the autoworker start to get laid off again due to over production) and have a recovery rally, but everything points to inline so not a market mover imho. Greek PSI is still on my radar.
Archive for March 7th, 2012
March 7th, 2012
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I follow the SPX minute chart and comment on it thru out the day. I have a basic Start of the Daily Diary as the original post, but it's the comment section that "is" the Diary. I welcome anyone who wants to talk to me thru out the day to post there. Feel free to throw out ticker symbols or ask questions. This is all for my own education and not to sell anything or present news or give out any financial advise.It's just Stock Junkies hanging out and learning. The original Trading Nymph's Trading Diary was started on April 13th, 2009 at Stockpickr.com. At the present time I have been following a commodities bubble which I first notice in April of 2009 due to actions of the Chinese and other global Governments.
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