 | Money In Motion: Currency Trading
You could call it Europe's Kimono moment. Next week the ECB will hold the next round of LTRO auctions, and currency traders will learn exactly how much Europe's financial institutions have been borrowing from the ECB. Quick refresher here, the ECB established the LTRO programs (Long-term Refinancing Operation) to provide cash to Europe's struggling banks in the form of ultra-cheap loans. Come Wednesday, if that loan total is high, it will show that banks still face considerable funding challenges. That could be bad for overall risk sentiment and the euro in particular. A low number, however, would indicate that the banks are getting healthier. Either way, it will be a great trading catalyst and our pros will break it all down and show you how you could profit from this event.
Plus, Bernanke will testify before the House Financial Service Committee next week. Most expect he will keep his dovish stance and continue to talk down the economy. However, in a case of "Good News Is Bad News," if the Fed Chief actually talks up the economy, rates could back up, and ironically, market sentiment could quickly shift to "risk off." It's not too crazy a scenario. In fact, Dallas Fed President Richard Fisher told CNBC this week that the economy was "moving in the right direction." We'll preview the event and show you how you could make money from it trading currencies.
And of course, if you're having trouble sleeping, don't worry. Because, we'll break down all the late night trading opportunities that could make you money in the wee hours of the morning in our trademarked Up All Night, Insomniac's Delight segment.
That's all coming up tomorrow on Money in Motion Currency Trading.
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MONEY IN MOTION CURRENCY TRADING BLOG
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