Pre-Market Study Hall

• faithmight
• November 21st, 2010

Last week we were inundated with the woes of sovereign debt coming out of Ireland. Finally, today, Ireland officially seeks a bailout package from the IMF, EU, and the UK. That news could have an impact on sterling more so than the euro because investors already figured that Ireland would be saved. More event risk this week comes from the release of 3rd quarter GDP from both the US and UK. Other news that could rock the forex market especially at the market open of this holiday-shortened trading week.

• BOJ eyes boosting capital to purchase riskier assets (The Japan Times Online) via @fxretracer
• Irish government backs bail-out (BBC News) via @shinobi_brian
• Roubini: “There’s Not Going To Be Anybody Coming From Mars Or The Moon To Bailout The IMF Or Eurozone” (The Business Insider) by @nouriel [Roubini: "Spain is to big too fail on one side & to big to be bailed out." — Could Spain or France be the next shoe to drop after Ireland?]
• The FBI Could Unleash The Biggest Wave Of Insider Trading Charges Ever (Business Insider) via @marketrend
• IMF chief Dominique Strauss-Kahn urges leaders to cede more sovereignty to EU (The Telegraph) via @butchbelano
• Currency war: the stakes for Africa (The Guardian) via @edwardnh
• Dollar War In Detail (Credit Writedowns) by @edwardnh
• Starting Over (Bigger Capital) via @abnormalreturns
• Divorce Your Ego (The Kirk Report) by @thekirkreport [From the archives but still very relevant.]
• The 800 pound gorilla in the room: EXITS (SMB Training) via @kevinmhughes

The Pre-Market Study Hall is a step away from the charts and a look at 2 things: 1) The fundamentals that may drive the markets in the trading week ahead; and 2) The individual trader psychology for self-improvement.

Enjoy!

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: $EUR, $JPY, $USD, fundamentals, GBP

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