The threat of Europe crisis is coming and spreading… Investors responded by doing panic sell on stocks all arround the world. U.S. consumer confidence does not seem have positive impact to the market today. Whereas U.S. consumer confidence rose for the third straight month in May to the highest in more than two years as concerns about the labor market continued to ease. Index of consumer attitudes rose to 63.3 in May, the best level since March 2008, from a downwardly revised 57.7 in April.

Euro Currency freefall continues. Today the exchange rate of euro against U.S. dollar reached 1.2175, almost touch previous low @1.250.

I only traded 2 times today. Both trades are sell position in EUR/USD. The result quite good. It’s 18 pips profit

Recent days, movements in American stock market were little affected by the sharp sell-off in U.S. stock markets early in the month and growing fears about European debt market turmoil. S&P 500 today will test support line (previous low) @1050. If this support line broken, than there a large possibility the bear will continue.

All indicator shown a bearish signal on the market. I myself don’t have any long position right now. And I have been watching some stock candidate to short. I choose stock which have high P/E among others. Here the highest P/E from Dow component

Be careful of your position and happy trading all….

Consumer Confidence soar, but Euro & Stock continue to slide… is a post from: Vendy's Journal of Life

Crazy Day. Yesterday was really really crazy. Currency surge unexpectedly immediately after the news of the debt crisis in Greece. I suffer some losses yesterday on EUR/USD Trade. This is the use of stop loss in our software platform. It’s very important to limit our losses. There is a quote said “Keep your limit small, and let’s the profit grow”. Yesterday, EUR/USD move 140 pips in just 25 minutes. Really sensational movement. Usually EUR/USD need 1 day to move 140 pips. That’s why i say it’s crazy

Because of this, i think there is some change on sentiment. The euro is still down about 5 percent for the year, but rose for a second day against the dollar as the outlook improved for Greece. Let’s see the pattern on H1 Chart on EUR/USD

It’s possible if the currency can hold the uptrend, the uptrend channel will be like above.

Strong spike in EUR/USD also followed by Stock Index. The Dow Jones industrial average (DJIA) jumped back above 10,000 on reports that plans are being developed in the European Union to rescue Greece. That raised hopes that policymakers will take bigger steps to contain debt troubles in other weak European economies. The Dow rose 150 points (almost 2% up).  Greece took steps Tuesday to calm markets, pledging to slash spending and raise fuel taxes.

Beside greece news, Stock Market also got a boost from Morgan Stanley’s upgrade to shares of Caterpillar Inc (CAT). It was Morgan’s first upbeat take on the stock in three years.

World stock markets have been tumbling in recent weeks on concerns that debt problems would spread.

Crazy Day of Greece is a post from: Vendy's Journal of Life