A big week ahead in terms of event risk as Euro eyes a recovery. Euro Area inflation likely to be overshadowed by a potential deal on the debt ceiling. Time for a EUR/USD retracement?
Spot Gold rose and the dollar index (DXY) fell despite positive PMI data. Manufacturing remains a concern, but service sector growth accelerated to a 13-month high due to increasing demand.
US Indices continued their rise this week as large cap Tech stocks continue to lead the way. There are key technical hurdles ahead which begs the question, can the rally continue?
moved michigan, wisconsin and new mexico to democrat reflecting president obama s improved strength in these states. we also moved new hampshire from lean republican to tossup and we moved iowa from tossup to lean republican. help me now to break down this, i have mark with me. quickly in the three moves that we made in four of the five moves that we made were in the president s favor all reflecting sort of the state of the current republican race and republican party. that s right. there are a few things going on. the approval rating has inched up. better economic news. last time we did this in november, president was in debt ceiling blues with approval ratings and since that time we ve been in the throws of this republican primary season and we ve seen mitt romney s numbers go down with independence and other republicans take a hit and we looked to see what has happened and biggest gains for president obama is reflected in public polling in michigan and
gop at 197. that leaves 114 electoral votes in the toss-up column. that s been moved to president obama s favor. why? it has. there are pretty much three factors. one, president obama s political standing has improved since the debt ceiling blues back in the summer. you ve seen better economic numbers which have obviously helped him. of course, in between the last time we did this map in november and now, we ve been in the full throes of the republican primary season. you look at almost all these polling and the divisive primary season has not been good so far for the republican party. michigan and arizona, primaries take place tuesday. romney expected to do very well in arizona. but it s close in michigan. with romney and santorum neck and neck. how do you see it playing out there tuesday? craig, we had a recent nbc/maris poll that showed mitt romney at 37%, rick santorum 35%. that s a statistical tie.