The Bank of Canada simultaneously released bothering ITS Business Outlook Survey (BOS) and Its Senior Loan Officer Survey (BLUE) for 2011 Q4 this morning. The BOS survey indicated a deterioration in the outlook for sales a year-ahead relative to the Past Year for the first time in learner months.
The Market Followed through with a break of consolidation to the downside During the U.S. session 01/04/2012 and 05/01/2012 Into the European trading session. This slide broke Below The 2011 low Established in December at about the first 2860th The next psychological support in the near-term Could be at first 28th However the
Well, what a year it HAS Beens. If You Have Been out of the markets for past 12 months hadeeth You May Think nothing HAD Happened When You look at EURUSD, Which is set to close the Year a mere 3% Lower than elsewhere Opened it. Likewise, the S & P 500
Next Week Sees the final trading week for the Year and we expect market not traveled to Be Reduced significantly due to major holidays on Each End, Likely Leading to largely sideways running. But Reduced market participation Also hock the Tendency to see spikes in volatility on news headlines and data