XJO 0.74% 8,361.7 s&p/asx 200

cyclichigh's - doin' it nude thursday, page-216

  1. 1,811 Posts.
    http://www.marketwatch.com/story/euro-finds-footing-amid-italy-political-hopes-2011-11-10?link=MW_home_latest_news

    - Italian President Giorgio Napolitano laid the groundwork for economist Mario Monti to lead an emergency government

    -Italian equities rebounded. Strategists tied the bounce in part to reports Italian lawmakers plan to approve economic legislation by Sunday

    -Unless [the European Central Bank] provides some aggressive support to the market, the shorts will continue to press their trades and that dynamic will weigh on the [euro/dollar],” (Note - ECB buying bonds before auction)

    -Economists expect the Bank of England to leave monetary policy unchanged on Thursday, but see potential for further expansion of the bond-buying program as early as next month

 
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