WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.

Dots

...If the dots don't connect, gather more dots until they do...

TGIF

TGIF

Events

UPCOMING (MAJOR) ECONOMIC EVENTS...
* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
* Wed. Nov. 1 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Nov. 3 @ 8:30 am ET ~ Employment Data
* Wed. Nov. 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Nov. 29 @ 2:00 pm ET ~ Beige Book Report
* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

Wednesday, November 23, 2011

European Industrial New Orders falls most in 7 years

European industrial new orders fell to -6.4%...the lowest reading since January 2005, as shown on the graph below (graph provided by www.forexfactory.com). This is not a healthy sign, which confirms what I said in my last post.


Additionally, the data released today for European flash manufacturing PMI shows a further decline to 46.4, as shown on the graph below...back down at levels last seen in mid-2009. This data ties in with my post of November 10th: http://strawberryblondesmarketsummary.blogspot.com/2011/11/weak-french-italian-industrial.html