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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...
an expanded version of my trading journal...
* 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 ECONOMIC EVENTS...
* Wed. July 1st ~ Canadian Markets closed for Canada Day holiday
* Fri. July 3rd ~ U.S. Markets closed for July 4th holiday weekend

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.