Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 31st of July.
Will they or won't they? That is the question on every trader's mind these days. Will the ECB ride in and save the Euro? Will Ben Bernanke and the FED come in with another round of quantitative easing? We are not sure, and we don't think anyone on this side of the pond or in Europe, is sure either.
Will ECB Chairman Mario Draghi really follow through and enact concrete measures to avert the European crisis? Regardless of any actions the ECB takes, Italy, Greece, and Spain all owe a boat load of money. How are they ever going to pay it back?
While these uncertain times are full of questions, one thing is for sure, the markets will eventually tell us which way the decision is going. Continue reading "Daily Video Update: ECB, the FED, and the Fiscal Cliff OMG"