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U.S. Economic Growth Rate and the Euro

^{Published on 2010-07-21 10:40:43 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Wall Street Media presentsan exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC), on the current U.S. economic growth rate and the effects of the European stress-test on the Euro. Gordon breaks down how recent economic data has shown a far more modest growth rate than what was originally anticipated by analysts in the 1^st quarter. He expects that traders will now take cues from certain technical markers, as technical levels can be the predominant drivers of short-term direction in non-trending markets, such as our current one. The European stress-test results that are being published Friday have caused the Euro to regain some of its 2^nd quarter losses. Gordon details the implications, which include traders being more inclined to short the Euro, of the results being published in the video below.

Please visit the following link to view the video:

[ http://wsmco.com/show.aspx?1687_Today's_Market_Summary ]

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