Monday, June 18, 2012

Factors affecting trading today


  • Relief after Greece Election results. Elected party supports bailout and is willing to work with Euro countries. Rallies in some markets. Euro jumps to 1 month high and so does Nikkei.
  • Spain and Italy continue to worry
  • Fed not seen to take any major action. Bears may seize this chance.
  • Gold dips after Greek election news
  • Oil (Brent) below day's high
  • China home prices drop lower and also deeper
  • Indian markets collapsed after advancing after the RBI leaves interest rates unchanged.