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


U.S. Government Shutdown Now In Effect


* Wed. Jan. 31 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Feb. 2 @ 8:30 am ET ~ Employment Data
* Mon. Feb. 19 ~ U.S. markets closed for Presidents Day Holiday
* Wed. Feb. 21 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Mar. 7 @ 2:00 pm ET ~ Beige Book Report
* Tues. March 20 ~ 2-day FOMC Meeting Begins
* Wed. March 21 @ 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