Did you know any new information on the financial market in the new week? What should we note on to make sure for our successful trading week? Now, just check out the review by out expert - PitGuru Frank LaMantia - for more information!


There is no important economic announcement today so attention has been diverted to corporate takeovers and mergers. Unileaver NV bought Alberto Culver and Southwest is willing to buy AirTran holdings. Wal-Mart is proposing Massmart and South African distributor as well. Economists believe that takeovers are a good sign of an economic recovery because companies are using their cash reserves. Thursday looks like a busy day with weekly jobless claims and a final look at GDP for the second quarter.

The Euro seems to be falling again as European banks need more cash reserves to keep traders and consumers minds at ease. Structurally Europe may need work in order for confidence to be gained. Currently it is trading at 1.33475 down 0.1.

The question is if the market shows inflation does this show that money is being moved around the economy appropriately? Some may think that inflation is a bad thing but in essence velocity or the speed at which money moves may play a part in the recovery.

For a successful trading week, to make sure you don't miss any news that influences on your decisions, check out the daily changes in futures prices for help!


Chart courtesy Gecko Software’s Track n’ Trade Pro
Past performance is not necessarily indicative of future results.

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