 | Money In Motion: Currency Trading
Not out of the Woods
So appears increasingly likely that Greece will avoid a calamitous default and will indeed get its money. But the cost to private bond holders will be severe, and it could get much worse. Greece's debt total is tiny compared to that of Portugal or even Spain, and if those countries feel they can easily write down their own debt, the global bond crisis could heat up again real soon. We'll ask Sean Egan of Egan Jones Rating Agency if such a scenario is likely and tell you what it could mean for the Euro's next move.
QE3 Finally Coming?
Plus, a crucial Fed meeting looms next Tuesday. Central banks around the world have signaled this week that the days of easy money might coming to an end, or at least taking a temporary break. But the Fed appears intent on making sure it doesn't relinquish its title of King of the Printing Press anytime soon. A recent WSJ article suggesting that the Fed has a new trick up its sleeve ignited this week's rally, so the hopes are high. Any suggestion that Fed might back off, and risk sentiment could quickly fade. Either way, it's a great catalyst heading into next week. And we will tell you how our pros are trading the event.
Sweet Dreams
And can't sleep? Don't worry. Because we are breaking down all the late night trading opportunities in the 24-hour currency market in our award winning segment, Insomniac's Delight, Making Money While You're Up All Night.
That's all coming up tomorrow in a jammed backed edition of Money in Motion, Currency Trading.
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MONEY IN MOTION CURRENCY TRADING BLOG
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