Now, hopes of Europe bailout and the US stimulus are making markets rally.
Now, let us look at what's going to happen today... It's an eventful day really...
US trade Deficeit
Unemployment Claims -- 8.30am
Bernanke Speech -- 1.30
After Market Closes: Obama Speech
Latest update shows Unemployment claims was worse than expectations... But not too far off.
-- A 414K unemployment claims vs 407K consensus.
The trade deficeit narrowed... But Is it really good? This could be signs that consumer spending have decreased as there are decreased demands... It need not necessarily mean increased Exports...
US will still wait for the speech later...
Technical wise, It's the 3rd candle today after 2 days of rally... Markets are more likely to reverse
Direction for US 7-Sept:
Forecast Barometer since 6-Sept 2011: 2/2 (100%)
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