Key Market Drivers for the Coming Week: EU Creditors to Face Irish Day of Rage

Cliff Wachtel submits: Am I the only one who finds the similarity between market conditions 12 month ago and today disturbing? In mid-February 2010 we had the same very bullish market sentiment, charts, and bearish fundamentals of the EU sovereign debt and banking crisis. It’s eerie. Bullish Charts, Bullish EU Officials, Bearish Fundamental Facts

Cliff Wachtel submits: Quick Review of Last Week: Primary market moving events included:

Cliff Wachtel submits: For background, be aware of the likely key market drivers this week.

Cliff Wachtel submits: Here’s a brief overview of the likely calendar highlights, trends and their drivers for both traditional spot market and binary options traders of short term trades of forex, stock index, equities, and commodities. MARKET MOVERS

Cliff Wachtel submits: PRIOR WEEK Bearish Was Bullish, Bullish Was Bearish The Bearish Is Bullish: EURUSD Up, Fundamentals Suggest Otherwise The EUR is Rising, The USD Falling, Neither With Major Fundamental Justification, Implies EUR Short Setup Coming The EUR and EU stocks finished the week higher despite an overall bearish picture from the week. Specifically:

Cliff Wachtel submits: News On EU Debt Crisis, US Earnings Season, and China Tightening Likely To Dominate Market Again This Week, Bullish vs. Bearish Forces, Ramifications PREVIOUS WEEK: JANUARY 10-14Complete Story »

Cliff Wachtel submits: It isn’t often that we see one distinct event that forces a reevaluation of ongoing trends, but the FOMC statement this past Tuesday could prove to be one of them. By issuing a statement that markets interpreted to be a clear indication of a new round of stimulus in the coming months, the Fed has altered the picture in every major asset market for the near term at minimum.

Cliff Wachtel submits: Summary 1. EU Debt Crisis-related events 2. Risk asset short term oversold reaction rally- Note technical resistance levels be ready for more downsideComplete Story »