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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 100
Posted: Feb 22, 2010 5:00
Comments: 100
Forum Topic:
Trading, Analysis (Technical/Fundamental)
Discuss Trading, Analysis (Technical/Fundamental)
I would have thought the Greek news, which was known to be today, was factored in in the asian rally on Monday.
cool,if snow causes bad number bad enough for stocks then we shoyld see USD pushing higher
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Ashraf
Here's my naive understanding. Extreme snow weather hampers manufacturing, and thus impacts manpower - the casual workers. People can't get to work. Anything outdoor related can come to a grind. This could provide less than expected payroll. Bad data is positive USDX, and bad for equities. Bad equities drives JPY lower.
Callum
a query - why should the snow lead to $ strength? if the snow impacts on the NFP figures, it should leade to $ weakness shouldnt it?
Warren Buffet - eat your heart out!
:-)))
Thanks.