Friday, March 16, 2007

One Last Snow Storm...

I hope you didn't put away your shovel like I did. It seems we have one more show storm about to hit the east coast. Schools have already been closed in anticipation of the impending storm. What does this mean for the markets, probably an early close as everyone tries to get out of the city before to much snow falls.

As for overnight trading, the Euro rallied quite a bit (about 1 big fig). I do not see a real reason for it but it is something I have been looking to happen for a while. Dollar/China was hit hard overnight also. Today we have CPI which is expected to be +.3% as well as Industrial production (+.3%) Capacity Utilization (81.3%) and the University of Michigan Confidence index (89.0). I look for CPI to come in pretty much as expected nd the markets to die an early death.

Good Luck and Good Forex Trading.

Stay the Course !!!


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