1 minute with ForexSurvivor

 

100pips EURNOK Mission Accomplished

 

A.      (06 May Europe) Latest Impact: Bernanke addressed bolding reasons yesterday why foreclosures are on the increase:

1.      Higher unemployment rate

2.      Decline in home prices that reduce the incentives of homeowners

3.      High concentration of owners of 2nd homes

And to finalize his no unprecedented comments on how to solve the housing issue rather than deliver the causes of the problems which are very popular nowadays and since the last 2 years: He said that a rise in foreclosures adds to sagging inventories and can weigh down home prices, which hurts household worth and, ultimately, the health of Wall Street’s biggest banks.

Recap: since he did not present any solution, then the health Wall Street’s biggest banks won’t line up well this quarter.

 

 

B.      Signal

N/A

Limit Order Valid till 06May

 

 

C.      Mission Accomplished:

Reminder: (05 May Europe) EURNOK: Long 78700; TP100pips

Position Closed

 

 

 

D.      The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****