Welcome and thank you for visiting!

The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.

Paris

Paris

EVENTS

UPCOMING ECONOMIC EVENTS...
* Fri. May 29 @ 8:30 am ET ~ GDP + last trading day of the month
* Wed. June 3 @ 2:00 pm ET ~ Beige Book
* Tues. June 16 ~ 2-Day FOMC Meeting begins
* Wed. June 17 @ 2:00 pm ET ~ FOMC Meeting Announcement + 2:30 pm ~ Fed Chair Press Conference + FOMC Forecasts

Wednesday, November 16, 2011

Consumer Confidence at new six-year low in UK

The monthly Consumer Confidence Index data for the UK was posted tonight...it's now at its lowest reading since August 2005, as shown on the graph below (courtesy of www.forexfactory.com):


I'll see what tomorrow (or the next few days) brings for the FTSE...what kind of reaction, if any, to that news...5400 and 5600 are important levels, as shown on the Daily chart below.