With the the downgrade of the US credit ratings,things might be bleak for US.Perhaps another recession will hit the US not much different than what occur a couple of years back.This also chimes in with the sluggish employment market indicated last friday.
Meanwhile in the news euro stock/shares continues to fall in the aftermath of the plague that infected greece and now italy.Since both are not looking good,are we looking for shorts or long?
In my opinion euro has the short bias..ranging markets will work best for our trading.I will looking for shorts but dont be discourage to enter long,the market can go sideways since things are heading nowhere.This make it even more better to us..i love sideways market.
More about pairs trading to follow.
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