Asian Growth
Eastern Asian growth numbers have come in lower than expected again. This news report allows for continuing bearish momentum in the Asian stock market. The bearish momentum is especially found in the Chinese stock market, due to the current economic slowdown. Now we have seen a little rally in Asia on hopes, dreams, and value seekers. This upside momentum looks like it may dry up because of the growth report. Due to this report, I am going to buy puts on FXI or buy a short China ETF. So far I continue to expect more downside movement in Asian stocks.
US Job Numbers
By my standards us job numbers were absolutely amazing. My only worry is that markets did not have a very big reaction to the numbers. This tells me these numbers were already expected and the report had little significance.
Euro Futures
I am once again short the Euro due to continuing problems in the Euro Zone. Like I said before the euro has very serious financial problems that are still very real and very dangerous. The Euro will be likely to continue to fall until these problems are solved. I have also noticed short positions of the euro on CNBC and Bloomberg are very scarce now. This scarcity on the news channels prove this trade to likely be correctly timed. When trade ideas are talked about in the media it is to late make the trade.
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