Next Week Is Filled With Economic Releases and Events. Here’s What To Watch!
By admin on June 19th, 2009
This week, the bears were able to flex their muscles and they pushed the market below support at SPY 93. It looked like they might be able to generate selling momentum and all they needed was a late day selloff yesterday. That didn’t happen and the market showed its resilience as buyers gradually stepped up. Before Thursday’s open, continuing jobless claims dropped by 148,000. Later in the morning, LEI and the Philly Fed came in better than expected. The S&P 500 popped five points on the news. These improvements sparked buying and the market gradually added to its gains throughout the …
amanda
Today, the most important economic releases will be the Euro zone’s “flash” PMIs. After that, all forex eyes will be on Wednesday’s FOMC meeting and the next wave of Treasury auctions…http://www.ac-markets.com/forex-news/economic-calendar.aspx
Start your engines for the announcements…