 | Money In Motion: Currency Trading
Will He Or Won't He
In addition to earnings, investors will turn their focus to next week's two-day Fed meeting, where traders will pray for another hit of the global drug of choice: QE. Since the financial crisis began in 2008, we've had QE, QE2, Twist, and a whole number of other assorted programs designed to stimulate the economy. The efficacy of those measures is a subject of hot debate, but it's clear that market participants have become hooked on the Fed and will surely applaud any measures it takes to keep the global liquidity train rolling. With the 2012 elections coming up, Bernanke's window to announce any additional measures might be closing, and that makes next week's meeting even more important. We'll preview the meeting - and, of course, give you the trade that could make you money off the event.
China's Moment of Truth
One of the biggest themes in the market this year has been the health of the Chinese economy. Every recent bit of Chinese economic data has sent U.S. stocks and risk currencies on a volatile path both up and down. But a key test will come over the weekend with the release of the HSBC Flash PMI, a measure of private sector manufacturing activity within China. It will be announced late Sunday, making it the first trading event of the week, and it will surely set the tone and tenor for trading on Monday. We'll give you the set-up and explain how our pros are trading it.
SacreBleu
And while everyone focuses on the election here, there's another one taking place that could have a more profound impact on your portfolio: the French election. The first round of voting is this weekend, and some polls show that French President Nicolas Sarkozy's Socialist rival, Francois Hollande, is gaining serious ground. Here's why this is important: Hollande advocates expanding the role of the ECB and doesn't see austerity as the answer to all of Europe's problems. That pits him against both Sarkozy and Germany's Angela Merkel. If you think the European political situation is chaotic now, just imagine the very real possibility of a Hollande upset. We'll tell you how currency traders are setting up for this big event.
That's all coming up at 5:30p ET in an exciting edition of Money in Motion: Currency Trading.
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