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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...
please read my full Disclaimer at this link.

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Events

UPCOMING (MAJOR) ECONOMIC EVENTS...
* Tues. Dec. 13 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 14 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Wed. Dec. 14 @ 8:30 am ET ~ Retail Sales m/m Report (incl. autos)
* Fri. Dec. 23 @ 1:00 pm ET ~ NYSE early close for Christmas holiday
* Mon. Dec. 26 ~ All U.S. markets closed for Christmas holiday
* Wed. Jan. 4 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. Jan. 6 @ 8:30 am ET ~ Employment Data
* Wed. Jan. 18 @ 2:00 pm ET ~ Beige Book Report
*** Click here for link to Economic Calendars for all upcoming events

Monday, January 23, 2012

European Consumer Confidence Has Not Improved

European Confidence data released today shows that consumer confidence remains depressed at 2008/09 levels, well below zero, as shown on the graph below. This low level of consumer spending is fact in spite of the rosy picture that markets are attempting to paint and is well below the average recorded for the past nine years.