European Currency trading has influenced what is happening in the US and this review below shows what the outlook is likely to be. It is clear that earnings warnings are going to be part of the scene for some time.
Attribution: *
CurrencyShares Euro Trust – Options Trading Review
“NEW YORK (AVAFIN) — Trading of CurrencyShares Euro Trust options resulted in establishing a new 90-day call volume record, where 5115 call contracts exchanged hands between the buyers and the sellers. A total of 16420 put and 5115 call contracts was …”
“Traders are not expecting any surprises in actual Q2 earnings. This is due to all the news about the busted trade that could cost JPM between $4 and $8 billion dollars. JPM would have somehow provided some warning on core earnings during this crisis, but they did”
With the right advice , this bleak outlook could spell profits for some.
* By Asy arch at en.wikipedia (Transfered from en.wikipedia) [GFDL (www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], from Wikimedia Commons