As EU leaders slug it out blow for blow this weekend, putting everyone on edge and ultimately acting as an EU equivalent of the recent US Congress, we’re presented with an overlying spectrum of the battle via the New York Times. No surprise, zero conclusions are being made (Merkel even said this would be the case in “plain German”) and as far as any “hopes and dreams” discussed yesterday, they appear to be rotting away at a very rapid rate (one of many examples, see one of today’s headlines: http://www.reuters.com/article/2011/10/23/us-eurozone-idUSTRE79I0IC20111023). For seats to the heavyweight fight, get a press pass. In the meantime, here’s yet another look into what is meant to be cleaned up (click to enlarge):
Author: Steve W.http://www.nobrainertrades.com
Since 2008, No Brainer Trades has been a provider of a wide range of articles geared towards a common sense approach to trading using fundamental market analysis in conjunction with globally identifiable technical levels. Steve, NBT's founder, is an 11 year trader, having formerly worked as a sell and buy side global macro analyst for several of the largest financial institutions in the world. You can follow us on Twitter or Facebook.