Forex trading - euro banks holding to GDP

[caption id="" align="alignnone" width="240" caption="El Banco Santander SPAIN"][/caption] Forex trading, what if these banks failed?  What is the holdings of the largest banks to the GDP of the countries they are in. For instance in Switzerland the top two banks, UBS and Credit Suisse,  account for nearly 600% of the country's GDP. These numbers are from Zero Hedge:

• Belgium - Dexia: 180%of GDP
• France - BNP Paribas, Credit Agricole, SocGen: 237% of GDP
• Germany - Deutsche Bank: 84%
• Italy - Unicredit, Intesa Sanpaolo: 101%
• Netherlands - Fortis: 155%
• Spain - Banco Santander: 92%
• UK - RBS, Barclays, HSBC: 337%

Compare that to the top 5 banks in the US (a list which excludes hedge funds such as Goldman Sachs).

• US - JP Morgan, Citigroup, Bank of America, Wells Fargo and Fannie: just 56% of GDP.

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Monday March 1, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2068" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Monday March 1, 2010"][/caption]

S&P 500 day trading course

forex trading Greeks get the finger

[caption id="attachment_465" align="alignleft" width="125" caption="Forex trading Germans and Greece"][/caption] Forex trading, the German Magazine Focus basically imparting a message to the EU about where it can go. Greeks retaliate by boycotting all German products.  German's will probably not by Greek Bonds.  The cycle of destructive patterns is getting tighter and tighter. Markets still buzzing about a potential CNY revaluation Japan Jan industrial production +2.5% m/m vs. 1.0% expected Japan Jan core CPI -1.3% y/y, vs. -1.4% expected Japan Jan retail sales 2.9% m/m & 2.6% y/y vs. -0.2% y/y exp UK Feb GfK consumer confidence index up to -14 vs.-17 St Louis Fed Bullard states that should inflation expectations become unhinged, this would trump all other considerations Market sentiment is still predominantly being driven by developments in Europe; specifically the potentially calamitous consequences if Moody's downgrades Greece's credit rating – thereby rendering Greek bonds ineligible as collateral with the ECB. Nevertheless, despite these concerns and the uninspiring European data this morning (Eurozone confidence -17 from -16 the month prior, economic confidence 95.9 against forecasts for 96.4), EURUSD has not managed to push to new lows beyond the 19 Feb 1.3444 level, which may be an indication that widespread short positioning in the pair is beginning to act as a headwind to the sell-off. Today will be a critical day for major currencies with a number of major economic releases. Germany and the Eurozone CPI will be the key highlights of the morning, with the latter foreca [...]

Forex trading - live day trading course and currency trade room.

Greece, Euro and what is really happening.

Greece and the Eurozone, looking at what is really happening in Greece. This is a 9 min documentary on what is happening. The angry youth, the unemployed, the under 25, taking to the street. a different look from CNBC and the Lame street press.

Market Maker Edge Day Trading course

S&P 500 Emini Day Trading Gap Friday February 26, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2066" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Friday February 26, 2010"][/caption] S&P Emini 500 Futures had a big 6 point gap down Thursday morning. Action rallied to come back to within a point of yesterday's close but never quite got there. There was high volume action today that yielded little change. Total volume was a well above average 2.7 million contracts. Trading range was 18.25 points, deeper than the average. true range of 15.0 points. The 1102.00 close makes the daily candlestick finish as a doji formation.. That reflects a market in decision. Trading has hovered around 1100 for the last few sessions.

S&P 500 day trading course

Forex day trading course Asia wrap

Forex day trading course The late Asian session was one massive exit from risk correlated trades which then pushed USD and JPY significantly higher. Early in the session, risk appetite was solid with US equity markets higher on the back of Bernanke's testimony. Bernanke stressed that the Fed would probability keep the federal funds rate "exceptionally low for an extended period." In addition, Bernanke was clearly intent on signaling that the recent hike in the discount rate does not automatically signal an adjustment to federal funds rate. The AUD was well supported in this early part of the session. The AUD was gaining support on three fronts, overall rally in risk, hawkish comment from a well respected RBA watcher and strong domestic economic data (CAPEX data showed Investments were up strongly in Q1 5.5% q/q vs 1.5% exp). But a rash of warnings from Moody's and S&P, as well as a UK telegraph piece suggesting the prospect of Germany rescuing Greece has declined slightly after recent comments. Although there will be a slew of interesting data today, including the important US durable Goods, the markets will clearly be driven by unfolding events from the EU. We still believe, in this environment, the USD and JPY will be to key beneficiaries of EU sovereign credit concerns.

Forex trading - live day trading course and currency trade room.

forex trading measured move on eurusd

Forex trading course looking for a measured move from support at 1.3460 to 1.3540-60 area for resistance and then a move to new lows.  Has to wind up a bit before pushing through this support. Could test two or more times. [caption id="attachment_458" align="alignleft" width="243" caption="forex trading measured move 1 hour chart Eurusd "][/caption]

Forex trading - live day trading course and currency trade room.

Forex day trading course EURUSD and GBP unlink

Forex trading course watching as the EURUSD and GBPUSD have seem to be  unlinking this am. [caption id="attachment_455" align="alignleft" width="274" caption="forex trading system feb 25 eurusd gbp unlink"][/caption]

Forex trading - live day trading course and currency trade room.

S&P 500 Day Trading Feb 25, 2010 Support and Resistance

Today, the S&P 500 opened 1096.75, leaving a 3.25 point gap from yesterday's close. The market quickly made a move up past 1100, but then even faster than it rose, dipped down to the day's low of 1093.75 after news of new home sales, filling the gap from yesterday. We then saw a quick climb back mid-morning up to 1105, with help from a bit more news and eventually hitting the high for the day at 1105.50. The range for the day was 11.75. The market closed at 1103.50.

Market Maker Edge Day Trading course

S&P 500 Emini Day Trading Gap Thursday February 25, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2063" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Thursday February 25, 2010"][/caption] S&P Emini 500 Futures opened up 3.25 points this morning.  News reports took and gave today.  The new home sales report created an initial sell off, filling the gap, then government officials testimony brought the index back into the opening range.  Traders supported the index at the 1100 level in the last hour of trading, and the close came at 1103.50, up 10 points.  The up closing came on average volume,. but it should be noted that today's action was inside yesterday's candlestick.  So far, the technical support at 1092 is holding, with some excursions around the psychological support at the 1100 level.  More Bernanke testimony, along with jobless claims in the pre market should cause market reaction in these news driven moves.  Who knows which direction?

S&P 500 day trading course

Market Makers - Fed Ron Paul access records.

Ron Paul sounds a bit off asking for these records, but once in he might be able to receive more. Also questioning about Fed bailing out Greece and buying foreign debt.

Market Maker Edge Day Trading course

S&P 500 support and resistance live trade room

Opened at 1098.00 a gap up from yesterdays close of  1092.75. The gap didnt close until 11:40 EST through and a close of 1097.75. Most of the day consisted of sidways action with trades occuring wihtin the bollinger lines. the 1100 ceiling was tested twice and the support of 1092.75 was tested twice as well. Trading tomorrow will need larger sellers or buyers to break both of these support/resistance lines. Tomorrow's news occur mainly premarket time except for crude inventories that will most likely add volatility into the market at 11:00 EST. Look for another test at the 1100 ceiling tomorrow with a break back down to the 1092.75 support as today's volume and sideways action shows buyers are reluctant.

Market Maker Edge Day Trading course

S&P 500 Emini Trading

Opened today at 1083.75, gap up of 3 points from Friday's close. gap was quickly filled dropping to 1079.75, a strong resistance line. Market turned at this resistance for an uptrend  the rest of the day to close at 1092.75 a 13 point range. Pre-market today the longer term chart's MAs moved into a sweep position indicating agreement in buyers to move the market up. Next ceiling is at 1100, a very strong ceiling that was last hit February 3rd - buyers could not bring in enough volume to breach this last time. Floors reside at 1079.75 and 1075.50. Tomorrow is a huge news release day with 12 releases occurring pre-market. Expect a lot of volatility due to this - be careful.

Market Maker Edge Day Trading course

S&P 500 Day trading course

today opened at 1110.50 a steady rise over the weekend, which quickly gapped down after market open  dropping to quick pierce of the 1104 support, which was tested multiple times throughout the day. In late afternoon price rose to close at 1106.75, a trading range of 7 points with much volatility, even though the long term charts show this as sideways action, intraday traders saw much volatility. This is the fifth day in a row where the market opens with as sell off and then slowly gains back ground in the late afternoon. It appears that traders are artificially raising prices, then quickly selling of their positions in early morning trying to "milk" as much profit as possible, then reentering in late afternoon at the days lows. Today though shows a lower low instead of the higher high we were used to seeing on the close of previous few days. Support is still storng at 1004/1105 range, and of course the 1100. Resistance comes in at 1110/1111.

Market Maker Edge Day ! Trading course

Forex trading system news into the weekend.

Thursday, 25 February 2010 all times GMT (last release in parentheses) 0030   Australia        Q4 private capital expenditure (-3.9%) 0030   Australia        Q4 construction work done (2.2%) 0200   NZ                   January M3 money supply (-1.1% y/y) 0200   NZ                   February NBNZ business confidence (38.5) 0745   France                       February consumer confidence indicator (-29) 0745   France                       January producer prices (0.2% m/m) 0745   France                       January producer prices (-2.9% y/y) 0815   CH                  Q4 employment level (3.963 million) 0815   CH                  Q4 employment level (0.2% y/y) 0830   Italy                 February business confidence (83.2) 0855   Germany        February unemployment, net change (6,000) 0855   Germany        February unemployment rate (8.2%) 0900   Eurozone      January M3 money supply (-0.2% y/y) 0930   UK                  Q4 total business investment (-0.6% q/q) 0930   UK                  Q4 total business investment (-19.9% y/y) 1000   Eurozone      February business climate indicator (-1.12) 1000   Eurozone      February industrial confidence (-14) 1000   Eurozone      February consumer confidence (-17) 1000   Eurozone      February economic confidence (95.7) 1000   Eurozone      February services confidence (-1) 1100   UK                  February CBI distributive trades (-8) 1330   US                  January durable goods orders (0.3%) 1330   US                  January durables, ex-transportation (1.4%) 1330   US                 [...]

Forex trading - live day trading course and currency trade room.

Forex trading Lodon re cap

€ The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3545 level and was supported around the $1.3440 level. The Federal Reserve raised the discount rate yesterday by 50bps to 0.75%, citing "continued improvements in financial market conditions" and said this move represents a "a further normalization of the Federal Reserve's lending facilities."  The Fed also announced that the maximum maturity for primary credit loans will be shortened to overnight effective 18 March and added its Term Auction Facility (TAF) program will end on 8 March 2010.  The Fed clearly wanted to show that the economy is improving without disrupting the financial markets too much. Many Fed-watchers see the move as largely symbolic, especially given the fact that there is only around US$ 14.7 billion outstanding at the Fed's discount window.  Federal Reserve Bank of New York President Dudley today said "Think of this as the last adjustment tied to the end of all the liquidity facilities.  Think of this as the last piece of that package, rather than the first piece of the new package." Speaking about the economy, Dudley added "Monetary policy is about the economy.  We need to see solid growth and job creation.  Today we got an inflation report that showed there's no inflation pressure.  So our focus needs to be on growth and jobs." Data released in the U.S. today saw the January headline consumer price index climb 0.2% m/m and 2.6% y/y while the ex-food and energy CPI rate was off 0.1% m/m and up 1.6% y/y.  These data were a contrast with yesterday's producer price inflation data that came in stronger-than-expected and today's CPI data suggest that retailers are finding it difficult to pass on price increases to consumers.  Other data released today saw Q4 mortgage delinquencies decline to 9.47% from the prior reading of 9.64%.  Some economits believe the Fed ma [...]

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Wednesday February 24, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2060" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Wednesday February 24, 2010"][/caption] S&P Emini 500 Futures had a 3 point gap down at the open, then filled within the next 25 minutes leading into the 10 a.m. report. Traders reacted with shock and dismay at the consumer confidence report. A sell off ensued that pierced and found support at the 50 day moving average. The selling paused briefly at the 1100 level, then continued to the day's low of 1090.25. After the cash market close, a rally off of the bottom moved prices back towards the 1100.00. There is often a bounce up after this type of news driven sell off. Volume was above average today, so the move down had conviction. Tomorrow's news may bring yet another direction for the Emini futures. Expect a retest of the 1100 price resistance at the very least tomorrow.

S&P 500 day trading course

S&P 500 Emini Day Trading Gap Tuesday February 23, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2057" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Tuesday February 23, 2010"][/caption] S&P Emini 500 Futures began the last week of February with a 4 point gap up. The high of the day, 1111.00, was hit in the first 5 minute candlestick. The index filled the gap in the next 10 minutes, then spent the remainder of the day in a tight trading range. Today's 7.5 point range mirrored the last portion of Friday's range. Today's 1106.75 matched the Friday close on the number. Today's narrow range and doji formation was on fairly anemic volume, and indicates a market in decision. Hopefully, the high impact news slated for tomorrow, the consumer confidence report at 10:00, will infuse some volatility into the market. Look for a dip to the technical support of 1092, or at least to the psychological level of 1100. A break below 1092 on volume may lead to a test of the 200 ma at about the 1030 level.

S&P 500 day trading course

S&P 500 Emini Day Trading Gap Monday February 22, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2053" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Monday February 22, 2010"][/caption]

S&P 500 day trading course

S&P 500 Emini Day Trading Gap Friday February 19, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2049" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Friday February 19, 2010"][/caption]

S&P 500 day trading course

S&P 500 Day Trading Course Gap for Feb 18, 2010 Support and Resistance

With volume down even further Wednesday prices traded a very consolidated day.  Prices opened at 1098.00 after a move up in the after hours trading, then traded a 6.75 point range for the day closing at 1097.75.  This decreasing volume could give us the indication that price may be getting ready to turn back to the down side in the near future, as low volume moves up tend to set us up for high volume moves down as the lack of commitment cannot keep prices moving.  With continued low volume we could see prices consolidate further,  with no aggressive buyers or sellers there won't be much action.  However there are some news item up this week that may help to give this market some direction.  Take note that we do have 3 open gaps to the downside to fill. I hope sooner than later.  Be ready to run.  See you at the starting line!

S&P500 day trading course

S&P 500 Day Trading Feb 18, 2010 Support and Resistance

Today, the S&P 500 opened at 1098.00, leaving an opening gap of 5.50. This gap was nearly reached when the market dipped to 1092.75 at 11:35 AM. Throughout the trading hours of the day, the S&P 500 moved sideways in a 7.25 range. This narrow range never was able to break through that magical 1100 mark, only able to push up and test 1100 twice. With a some news at 2PM, one would think that we would have seen the market break thru 1100 but it failed to provide a substantial amount of volume to push higher. Again, with quite a bit of news tomorrow, look for a test and push thru at 1100. The market closed today at 1097.75, five points up from yesterday's close.

Market Maker Edge Day Trading course

S&P 500 Emini Day Trading Gap Thursday February 18, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2047" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Thursday February 18, 2010"][/caption] S&P Emini 500 Futures gapped up this morning, then filled in the first two hours of trading.  The futures had a narrow trading range today with a test of the 1100 level pre market and post market.  The price has been touched, so tomorrow may see a move through that level.  Several news reports tomorrow, led my the jobless claims report pre market, will have an influence on direction for the next couple of days.  Options expiration on Friday also lends to possible volatility in the Emini Futures.  Today's volume was less than average, and indicates possible lack of conviction towards upward market movement.

S&P 500 day trading course

Forex day trading system London Close

[caption id="attachment_446" align="alignleft" width="299" caption="Forex trading daily chart EURUSD"][/caption] €  Forex Day trading The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3755 level and was supported around the $1.3585 level.  The common currency snapped higher despite lingering concerns about eurozone sovereign credit risk.  Traders expressed some satisfaction today, however, with the hard line approach that eurozone officials are showing Greece.  The European Union today announced it is providing Greece with 30 days to confirm it is serious about improving its fiscal problems.  Eurogroup Chairman Juncker said a financial lifeline for Greece "depends on how far Greece agrees to additional measures in case those are warranted."  Greece will likely be forced to curtail fiscal spending and raise taxes to qualify for credit assistance from eurozone members.  U.K. Chancellor of the Exchequer Darling called on Greece to "resolve its own budget problems."  Eurozone finance ministers today nominated Portgual's Constancio – a known monetary dove - to become the next Vice President of the ECB and some believe this heightens the likelihood that Germany's Weber – a monetary hawk - will become the new ECB President in 2011.  Data released in the eurozone today saw the German February ZEW economic sentiment survey decline to 45.1 from 47.2 in January while the EMU-16 economic sentiment index receded to 40.2 from 46.4 in January [...]

Forex trading - live day trading course and currency trade room.

#futures #trading #FX: S&P 500...

#futures #trading #FX S&P 500 Day Trading Course Gap for Feb 17, 2010 Support and Resistance http://bit.ly/99EqCj

Forex trading - live day trading course and currency trade room.

S&P 500 Day Trading Course Gap for Feb 17, 2010 Support and Resistance

Tuesday's trading opened at 1083.50, gaping up 8 points through the long weekend.  Prices moved down from open, trading to a low of 1079.50 where they could not move through the support and turned back to the upside.  Futures then traded up for the rest of the day to hit a high of 1094.00 shortly before close and then relax slightly to close the day at 1092.50.  Tuesday traded a 14.5 point range, on lighter than average volume.  Futures traded about 1.6 million contracts through the day and price has now moved through our resistive trend line on the channel from Jan 14.  Watching for the move to 1100.00, if we move through the 1100 area we may see 1106 and 1112.50 as targets.  On the lower side we could see a touch back to the 1083.50 level as well as to the two open gaps side by side at 1075.50 and 1076.50 from Feb 12 and 16th.  Keep you eye on the ball.  I'll see you at the starting line!

S&P500 day trading course

S&P 500 Day Trading Feb 17, 2010 Support and Resistance

 

Today the S&P 500 opened at 1083.50, giving a gap of 8 points from Friday's close at 1075.50. Over the 3 day weekend, the market shot up quite a bit and throughout the day continued to do so. After a bit of short term consolidation around the 1087-1088 mark, the S&P 500 was able break though some resistance and continue it's mark up. The market closed today at  1092.50 with a range of 14.25. The low for the day was 1079.50, which was early on during the trading hours. The gap was never filled in today's trading session, leaving an open gap at 1075.50. The high for the day was 1094, the highest we have seen the S&P 500 since February 4th. Look for resistance again at the magical number 1100.  It will take some significant news to break through and sustain this up move.

Market Maker Edge Day Trading course

S&P 500 Emini Day Trading Gap Wednesday February 17, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2044" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Wednesday February 17, 2010"][/caption] S&P Emini 500 Futures opened the shortened week with a gap up 8.25 points from the Friday close.  The index retreated briefly, but then began a bullish run up leaving the gap unfilled.  Traders never exhibited massive conviction to the up side until the last 30 minutes of the trading day.  Until then, prices had stayed within a 4 hour congestion zone.  At about 3:30, prices popped through resistance at 1089.75, and closed at 1092.50.  Tomorrow's news may dictate whether or not the Emini Futures continue the climb up to the 1100 level.  Two pre market reports, and the always important Fed Meeting minutes at 2:00 pm will have a large influence on this news driven market.  Volume was average at 1.76 million contracts, but less than last week's 2-3 million contract days.  The push higher on less volume also may suggest lack of conviction to the upside.  The index looks to test the 1100-1105 area. This Friday is options expiration, and that is typically preceded by bullish action.  A test of the 1100 level this week is very possible, and action from there will likely show which direction the market will take over the longer term.

S&P 500 day trading course

Bomb went off in JPMorgan Athe...

Bomb went off in JPMorgan Athens office, no injuries - AP #fx $fx #eurusd

Forex trading - live day trading course and currency trade room.

: http://wp.me/psIYK-7h

: http://wp.me/psIYK-7h

Forex trading - live day trading course and currency trade room.

Inability to predict outliers,...

Inability to predict outliers, inability to predict course of histrory....what are they doing for the EU again? #fx #forex

Forex trading - live day trading course and currency trade room.

#futures #trading #FX: S&P 500...

#futures #trading #FX S&P 500 Day Trading Course Gap for Feb 16, 2010 Support and Resistance http://bit.ly/bvd5Nw

Forex trading - live day trading course and currency trade room.

#FX we are blind to the large ...

#FX we are blind to the large deviations, significant large events - dressing up intellectual fraud with mathematics.. #eurusd $fx $eurusd

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Tuesday February 16, 2010

S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Tuesday February 16, 2010

S&P Emini 500 Futures gapped down over 11 points at the open, and rallied back to fill the gap on good volume.  So much for the theory of low volatility and volume on a Friday preceding a holiday week end. The close for the S&P Emini 500 Futures gapped down over 11 points at the open, and rallied back to fill the gap on good volume. week was up from the prior week on nearly as much volume. The index looks to test the 1100 level, then resume the down trend to the 1025 level. That will test the 200 ma, supposedly a buying spot for institutional traders. We shall see. A move above 1100 with validation will signal a possible resumption of an up trend.

S&P 500 day trading course

S&P500 Emini futures support and resistance

Friday 2/12 opened at 1064.75 coming off a down trend during pre-market times. The down trend continued until the resistance area around 1060 was hit, sideways action occurred until roughly  11:00am EST when crude inventory news release occurred. A strong up trend occurred until 1072, close to the 1075 resistance line that price action hit twice this week but could not overcome. This same resistance (1075) was challenged a few hours later, but again it was not overcome. It would not be until market closing that enough buyers came into the market to break this resistance line with price reaching 1080 and then dropping. Half of the day showed a pattern of higher highs, giving a great trading channel closing at 1075.50. On long term charts higher highs were noted this last week until Friday, giving a double top possibly indicating a break of this channel. Look for possible down trend on Monday testing the strong resistance at 1060. If it breaks this resistnace the next floor i! s at 1040. Ceiling resistance lines at 1080 at 1100.

Market Maker Edge Day Trading course

Forex trading Friday Market Wrap

€ The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3530 level and was capped around the $1.3695 level.  The common currency continues to retreat lower as risk aversion becomes heightened.  Greek credit default swaps for five and ten year sovereign debt continue to widen as do the default swaps for Spain, Portugal, Italy, and Ireland.  Traders generally believe yesterday's announcement by European Union leaders lacks teeth insofar as it did not commit a specific level of capital to confront Greece's financial difficulties.  The most likely scenario, however, is that Greece will eventually receive bilateral aid from at least one eurozone country, with Germany the likely guarantor.  European Central Bank President Trichet said he will work with the European Commission on proposals for additional Greek measures.  ECB member Stark said a lot of ideas being suggested to help Greece are "counterproductive."  In addition to the threat of contagion to other eurozone countries, dealers are paying close attention to the resumption of escalating credit risk in the Middle East.  Dubai credit default swaps are 18 bps wider today and some traders are speculating the emirate could be facing bankruptcy.  There is also a fear that Dubai credit jitters could spread to other countries around the Gulf.  Data released in the eurozone today saw Q4 2009 gross domestic product climb a weaker-than-expected +0.1% q/q. Also, French Q4 2009 GDP came in stronger-than-expected at +0.6% q/q and German Q4 GDP printed flat q/q, below forecasts.  Additionally, it was reported that EMU-16 December industrial production was off 1.7% m/m and off 5.0% y/y. In U.S. news, January retail sales were up a stronger-than-expected 0.5% with the ex-autos component up 0.6%.  Also, the preliminary February University of Michigan consumer sentiment indicator fell to 73.7 from the prio [...]

Forex trading - live day trading course and currency trade room.

: http://wp.me/psIYK-7g

: http://wp.me/psIYK-7g

Forex trading - live day trading course and currency trade room.

: http://wp.me/psIYK-7f

: http://wp.me/psIYK-7f

Forex trading - live day trading course and currency trade room.

S&P500 day trading course mark...

S&P500 day trading course market view: S&P500 day trading course looking for a move to 1020 on this bear flag.  De... http://bit.ly/bBmDZ1

Forex trading - live day trading course and currency trade room.

S&P500 day trading course market view

S&P500 day trading course looking for a move to 1020 on this bear flag.  Decreasing buyer volume to hold these levels. [caption id="attachment_2032" align="alignleft" width="191" caption="S&P500 day trading course daily"][/caption] US Retail Sales jumped more than expected, the third gain in four months.  China increased reserve requirements for the second time in a month as loan growth continued to accelerate.  After Fannie and Freddie announced that they will be buying delinquent loans, spreads between FN and FG MBS and the 10yr treasury bond are the tightest levels in 17 years.  Right now, the futures market is pricing in an 89% chance that the Fed keeps rates somewhere between 0% and .25% through June 23rd, 2010.  Currently, the Ten Year yield is at 3.70% (3.72% yesterday) and the 2-10 yield spread is at 284bps, steepening 1bp since yesterday morning. Treasuries rose, snapping a three- day decline, on speculation China's economy will slow and threaten the global recovery after the government ordered banks to set aside more deposits as reserves today. Traders are driving relative yields on Fannie Mae and Freddie Mac mortgage bonds that most influence the interest rates consumers pay to the lowest in 17 years, speculating cash the companies use to buy delinquent loans will be recycled back into the securities. The difference between yields on Fannie Mae's current- coupon 30-year securities, which trade closest to face value, and 10-year Treasuries narrowed to as little as 0.66 percentage point yesterday, matching the lowest since 1992, according to data compiled by Bloomberg. Sales [...]

S&P 500 day trading course

#futures #trading #FX: S&P 500...

#futures #trading #FX S&P 500 Day Trading Course Gap for Feb 12, 2010 Support and Resistance http://bit.ly/bS3ajM

Forex trading - live day trading course and currency trade room.

S&P 500 Day Trading Course Gap for Feb 12, 2010 Support and Resistance

Futures opened at 1064.00, traded to a low of 1057.25 where they hit support, turned and began a 20.75 point ascent up.  Prices traded to a high of 1078.00 shortly before close when they relaxed a small amount to close the day at 1076.50. Friday I will be watching for a move through 1066 support and then 1057 area before calling a continueation down.  If the volume comes and the sellers sell, we will be looking to a run down.  Targets from there include 1051, 1041.50, 1034.50 and 1020.00.   However without the sell volume required we may see prices move back to the higher side.  1077  is the current level of resistance, if prices moves through the 1077-78 level our targets would include 1083.50, 1092, and 1100.00.   Keep yours eyes open, I see you at the starting line!

S&P500 day trading course

S&P 500 Emini Day Trading Gap ...

S&P 500 Emini Day Trading Gap Friday February 12, 2010: S&P 500 Emini Futures Day Trading THE GAP S&P 500 Emini D... http://bit.ly/aCYNBn

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Friday February 12, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2029" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Friday February 12, 2010"][/caption] S&P Emini 500 Futures gapped down at the open 1.25 points.  As it is wont to do on Thursdays, the gap filled in about 45 minutes.  The index rallied into a range during the lunch hour, and stayed there the rest of the day. Volume was above average, and the close came at the high end of the day's range at 1076.50.  Tomorrow should bring diminished volume and volatility after the morning session.  Traders are already making plans for the long weekend, and will leave the building early.  Many day traders bypass trading on the Friday prior to a holiday weekend.

S&P 500 day trading course

Forex trading London Close notes

Forex day trading 3rd long signal A combination of Australian and Chinese data has given the markets a bullish tone in the Asian session. In Australia better than expected employment data, with the headline unemployment rate dropping to 5.3% vs 5.6% exp, made the next RBA rate hike less far off. While weaker Chinese inflation data for Jan which printed at 1.5% vs 2.1% exp help to ease worries over near-term PBoC tightening. But the big driver of FX markets continue to be Greek and potential bailout. Wire are buzzing with comments. Weeding thru the speculative analysis, anonymous official's comments and media articles, we have garnered that Greece will be discussed at the EU Summit in Brussels at 12.00cet and leaders are likely to demand more details on deficit trimming strategies. Also we expect that no concrete steps, such as the announcement of an aid package, will be taken (despite a massive flood of comments). In addition, Lower House of the German Parliament has ruled that the Maastricht Treaty will not allow EU member countries to assume or guarantee the debt of any other member. Which makes the solution more complicated and nearly impossible for Germany to provide financial aid alone. At this point more talk will not help the EUR and we continue to expect sovereign credit concerns to keep the single currency weak.

Forex trading - live day trading course and currency trade room.

Forex trading Greeks get a trojan horse from Germany.

Greeks will have to sacrifice for 5-10 years to get back. Greeks will probably reject the deal from Germany on Austerity measures this coming Monday. Greece has a very large federal government almost 10% of the population works for the government. Guaranteed employment for life. The deficit has exploded and out of control spending, and the infighting is huge over a package. The idea that the Greeks will honor an austerity agreement to get the German money seems like a clash in values. http://watch.bnn.ca/clip265880#clip265880 Ashraf Laidi nails it on the head. 53 billion Euros in short term debt will set up the next round of assistance to Portugal and Spain.

Forex trading - live day trading course and currency trade room.

Forex trading system EURUSD targets

EURUSD technical support and resistance on this move down. Extension levels 1.3566 1.3397 Retracement levels 1.3740 1.3406 [caption id="attachment_420" align="alignleft" width="214" caption="forex trading targets with retracements"][/caption] Testing the bottom and previous swing low. Watching for the approach on 1.3585. see if there is any commitment through this to the new lows.

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Thursday February 11, 2010

                                  S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Thursday February 11, 2010

S&P Emini 500 Futures had a tight open once again with no gap.  The index stayed in a fairly narrow trading range today making direction difficult to ascertain.  Today is the fourth day in a row of sideways action.  Volume was above average at 2.2 million contracts (50 day average is 1.79 million contracts).  The market appears to be taking a breather before resuming it's trend to the downside.  In order to break the down trend, prices will have to close above the 1075 level, then successfully break 1100.  The path of least resistance is still down.  Expect support at the 200 ma, right now at the 1024 level.

S&P 500 day trading course

Forex trading system BBC part 2 Collapse of the Euro

Forex day trading This is part two of the BBC mini series featuring Joseph Stiglitz. Greece has a compromised system with 2 year notes at 7%. Magnitude of Debt is larger than the capacity to take care of it. Enjoy.

Forex trading - live day trading course and currency trade room.

Forex trading BBC - Collapse of Euro next crisis.

Forex trading - watch this "The sovereign debt crisis has exposed a flaw in the design of the Eurozone. To make a currency strong you don't just need bank notes and a central bank, you need central authority and political will. Some in the markets, are beginning to see the euro not as a permanent currency for all time, but as temporary and fragile, as, well, Lehman Brothers."

Forex trading - live day trading course and currency trade room.

Forex trading system euro moved higher then fall

€ The euro appreciated sharply vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3840 level and was supported around the $1.3640 level.  The common currency added to intraday gains during the North American session as U.S. equities were on the positive side out of the gate.  Many rumours circulated during the European and North American sessions involving Greece's deficit problems.  First, dealers reacted to chatter that European Central Bank President Trichet cut short a trip to Sydney where he was meeting with central bank governors and returned to Europe for an emergency meeting of the ECB, a story the central bank denied.  Later, it was reported by a senior German ruling coalition "source" that eurozone governments have decided in principle to help Greece but a German spokesman later denied the report.  In addition to Greece, traders remain fixated on the deficits of Spain and Portugal.  The so-called sovereign credit crisis will likely extend to other countries outside of the eurozone in due course but in the short-term, the issue remains a net negative for the common currency.  European Union leaders will convene on Thursday to discuss strategies to accelerate economic growth but Greece is not currently on the agenda.  Data released in the eurozone today saw Germany's December trade surplus print at €16.7 billion, down from €17.0 billion in November.  Also, German December consumer price inflation was confirmed at -0.6% m/m and up +0.8% y/y.  In U.S. news, data released in the U.S. today saw December wholesale inventories off 0.8%.   Data to be released in the U.S. tomorrow include MBA mortgage applications and the December trade balance.  The Federal Reserve will release testimony tomorrow by Fed Chairman Bernanke regarding the Fed's strategy to exit its low interest rate and liquidity programs.  Bernanke was to testify before the House Fi [...]

Forex trading - live day trading course and currency trade room.

Forex trading system Forex news

€ The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3710 level and was supported around the $1.3620 level.  Dealers lifted the common currency during the North American session but the pair remains on a downward trajectory, having traded on Friday at its lowest level since May 2009.  PIMCO's El-Erian today reported the global bond giant prefers German government bonds over U.S. Treasuries.  This statement highlights the drastic reassessment of sovereign risk the markets are currently undertaking.  Eurozone debt remains highly volatile and Greek 10-year paper is currently trading more than 400 bps wider than German 10-year paper.  The debt situations in Portugal, Spain, and Ireland are also causing the euro some weakness.  Dealers are currently focusing on the likelihood the International Monetary Fund will need to bail out Greece and perhaps some other European countries if they cannot manage their debt crises themselves.  Group of Seven officials finance ministers and central bankers convened in Canada this weekend and indicated they would continue their fiscal stimuli to prop the slumping global economy.  Some central banks, however, are unwinding their stimulus programs at the same time.  Many G7-watchers were unimpressed with the meeting as it failed to provide any significant new details about the level of international support Greece and other aggrieved countries can expect if bailouts are required.  Spain today announced it will reduce net debt issuance by 34% in 2010 in a bid to remove public debt.  Deutsche Bank today revised its forecast for official European Central Bank interest rates hikes and now sees the main refinancing rate at 1.5% by the end of the year, down from the previous forecast of 2.0%.  ECB's Nowotny said every eurozone country needs to respect the bloc's fiscal rules and said new financial regulations must not harm economic [...]

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Wednesday February 10, 2010

                                     S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2023" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Wednesday February 10, 2010"][/caption]

S&P 500 day trading course

Forex trading Greek support brings EURUSD up dollar weakens.

Forex day trading course watching as Overbought dollar finally makes a turn.  If we move above the 1.3880 mark we could start our journey to normal fib retracements. [caption id="attachment_404" align="alignleft" width="215" caption="forex trading system targets"][/caption] News is really driving the market, watch your self.  Resistance at 1.3830-40 area.  Could be a sharp reversal as we hit first support at 1.3775 Approaching the resistant trend line on this bearish channel.looking for a move back to the 1.3816-25 area and if it can't commit for a move up then looking for a double bottom or 76% retrace of the move up. FX markets were choppy in the Asian session, with risk appetite see-sawing. The day started with a risk off tone, as Wall Street plunged due to speculation that FOMC Chairman Bernanke could indicate tightening when he testifies in the House on unwinding Fed liquidity programs this week. The USDJPY fell to 89.20, but failed to pierce daily cloud support at 89.02. The AUDUSD opened at 0.8640 and slipped 0.8616, as China press denied the much celebrated Australia-China coal deal reported yesterday. However, as Asia went to lunch it was reported that European Central Bank President Trichet is prematurely leaving a meeting of central bankers in Sydney to attend a European Council meeting scheduled for Thursday. European Council is holding an informal meeting of officials and Greek members are expecting to come under some heavy fire. The EURUSD traded up to 1.3742 on the first news that officials are recognizing the severity of t [...]

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Tuesday February 9, 2010

                                  S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Tuesday February 9, 2010

S&P Emini 500 Futures opened right at Friday's close, so, no gap today.  The index traded mostly sideways in a 12-14 point range, and closed at the bottom of the trading range at 1054.00, off 8.25 points.  The charts still look bearish on the daily charts, and today's sideways action on average volume did not dispel that perception.   It's hard to tell what bearing today's action will have on the rest of the week.  The current sideways action on lower volume suggests a possible bounce may be forthcoming.  Look for a retest of the 1100.00 level, then a drop down to support at 1020.00, the 200 ma, over the next few days.

S&P 500 day trading course

S&P 500 Emini Day Trading Gap Monday February 8, 2010

                                 S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Monday February 8, 2010

S&P Emini 500 Futures had no opening gap Friday.  The index dipped 23+ points during the day, only to rally back to close near the open.  The 1064 level was tested by the opening and the closing 5 minute candlesticks.  Traders seemed unsure of direction due to mixed employment signals in the reports issued prior to the open.  Volume was more than twice the average coming in at 3.96 million contracts.  The day closed with an uncertain directional conclusion.  On a broader time frame,  the Friday close marks the 3rd weekly close in a row that falls below the prior week's low.  That's certainly a bearish signal, especially since the January monthly close was below the prior month's low.  That's the first time that's happened since February of 2009. 

S&P 500 day trading course

S&P500 day trading course video live trading room

S&P500 day trading course video live trading room] Levels of support and resistance no capitulation Small sell of followed by short covering at 3:00

S&P 500 day trading course

Forex day trading London close dollar strong

[caption id="attachment_400" align="alignleft" width="225" caption="Forex trading system"][/caption] Forex day trading system Into the NY close watching for 1.3628 support then 1.3586 for a sell off support if we move to 1.3740 on news driven data.  PIIGS are getting hit.  London is closing soon so Euro might stop slide on volume drop off. Yesterday's trading took a dramatic turn late in the European session as the weight of sovereign debt concerns (primarily the possibility that Portugal may pose a greater threat to Eurozone stability than Greece) coupled with higher than expected US claims data knocking the prospects for today's non-farm payrolls led to a spectacular bout of risk aversion and positions unwinds. Initial claims came in at 480k (vs. 460k expected) and there were slight upward revisions to last week's data (from 470k to 472k). Continuing claims were also higher (at 4602k vs. 4580k expected) which has negated the positive sentiment from Wednesday's better that expected ADP employment report. Not long after the release of the US claims figures, EURJPY was steadily trading around 125.70 levels, but as the momentum of negative sentiment gained (stocks lower, yields on European debt jumping) the pair tumbled to breach 125.00 support and quickly plunged through 124.40 interim support before an outright collapse to 121.58 – a level not seen since Feb 2009. In unison, EURUSD was dragged down through the critical 1.3750 support level, a development which now opens up a look at 1.3450 below. The moves were echoed by commodity markets as oil witnessed its b [...]

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Friday February 5, 2010

                     S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Friday February 5, 2010

S&P Emini 500 Futures opened down 8.50 points, and kept on going down all day.  The futures dropped 3.5% over the course of the day to close at 1060.00.  That's down 33.50 points on nearly twice the average volume.  3.3 million contracts traded hands today while the trading range was above average at 25.75 points.  Depending on the non farm payroll numbers tomorrow pre market, such a huge one day drop usually results in a next day bounce in the index.  Disappointing numbers in the report could send futures lower.  Support on such a drop should be expected at the 1020 level, which represents the 200 day moving average.  Volatility in the pre market will provide a clue as to what to expect for the day.  No matter which way prices go tomorrow, the Non Farm payroll seldom disappoints in providing huge volatility.  It should be interesting.

S&P 500 day trading course

S&P 500 Emini Day Trading Gap Thursday February 4, 2010

                            S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Thursday February 4, 2010

S&P Emini 500 Futures gapped down at the open 5 points this morning.  Wednesday is a higher probability day to fade the gap, and today would have paid off.  The gap filled in the first 20 minutes of trading, then the index settled back into a fairly narrow sideways trading range for the rest of day.  Overnight, the index tested and pierced the 1100, same as it did during the cash market yesterday.  Trading hours range was relatively narrow at 9 points.  Recent volatility has increased the 14 day average true range to a little over 20 points.  The late December early January trading range was as low as 10 points, so volatility is returning to the market place.  The next two days will have significant employment news reports.  Friday's always volatile Non-Farm payroll report will lead the pre market pace that day.  1100 is still the current key resistance level.  Breaking that level on volume could spur resumption of the short term up trend.  Bad employment news could send the market back into a down trend.  Watch support at the recent low of 1066.50.

S&P 500 day trading course

Forex day trading course news release calender

Forex day trading course news release calender

Thursday and Friday could hold some surprises for the market place.

Low volume this week.

Thursday, 4 February 2010 all times GMT   (last release in parentheses) 0030   Australia        December retail sales (1.40% m/m) 0030   Australia        December building approvals (5.9% m/m) 0030   Australia        December building approvals (33.3% y/y) 0030   Australia        Reserve Bank of Australia quarterly monetary policy statement 0045   Eurozone      European Central Bank interest rate decision 0130   Japan             Bank of Japan Policy Board member Nakamura speaks 0715   CH                  December trade balance (CHF 2.14 billion) 1100   Germany        December factory orders (0.2% m/m) 1100   Germany        December factory orders (1.8% y/y) 1200   UK                  Bank of England interest rate decision 1200   UK                  Bank of England asset purchase target 1330   Canada                      December  building permits (-4.6% m/m) 1330   US                  Q4 non-farm productivity (8.1%) 1330   US                  Q4 unit labour costs (-2.5%) 1330   US                  Weekly initial jobless claims 1330   US                  Continuing  jobless claims 1500   US                  December factory orders (1.10%) 1500   Canada                      January Ivey purchasing managers index (49.4) 2230   Australia        January performance of construction index (49.3) Friday, 5 February 2010 all times GMT (last release in parentheses) N/A     UK                  January Halifax house [...]

Forex trading - live day trading course and currency trade room.

Forex trading Dollar strengthens EURUSD live trading room

Forex trading EURUSD strengthens, could revisit 1.3900 if we the move is committed, we could see a move to the 1.3850 area for a double bottom. [caption id="attachment_393" align="alignleft" width="298" caption="Forex day trading course EURUSD "][/caption] FX markets were choppy in the Asian session but little changed, as traders await a slew of economic data and events.The NZD/USD was range-bound between 0.710-35 range for the early part of the session, before risk was sold off as concerns over Chinese banks and worries over European Commission assessment of Greece's deficit-cutting plan spread. Markets become temporarily risk averse, as news that Fitch Rating warned that banks in China faced the greatest "bubble risk" of any Asian country. "The agency views 'bubble risk' as greatest for Chinese banks given their 32 percent loan growth in 2009; this looks likely to be followed by a further 20 percent in 2010," Fitch said in a statement. The USDJPY had climbed to 90.58, but fell swiftly to 90.30. A day after the RBA shock the market by holding rates at 3.75%, Australian trade deficit widened to A$2.25bn vs. -A$2.5bn exp in December from A$1.7bn in November, illustrating a strong recovery in both imports and exports. We still believe the RBA will hike in March and AUD should be well supported near term. The highlight of the day should be the EC assessment of Greece's deficit-cutting plan, and then European Union Economy and Monetary Affairs Commissioner Joaquin Almunia will hold a press conference. We doubt that EC officials will want to fan any fe [...]

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Wednesday February 3, 2010

                              S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Wednesday February 3, 2010

S&P Emini 500 Futures opened Tuesday with a small gap up that quickly filled.  The index trended to the upside all day long and finished with a test and pierce of the 1100.00 level.  Resistance held at that point in the half hour of trading, with a close at 1099.00.  Today marks the second up day in a row, and it came on above average volume.  Volume for the last two days has been good, but not as convincing as the down volume seen in the prior down days.  Important news events this week, including the non farm payroll numbers on Friday, will most certainly influence market direction.  Non farm payroll always seems to provide volatility to the markets.  Look for a correction away from the 1100.00 level tomorrow to the downside.  If the index breaks and holds above that level on good volume, the down trend may break.

S&P 500 day trading course

Forex trading- EURUSD strengthens

[caption id="attachment_389" align="alignleft" width="225" caption="Forex trading EURUSD Euro strengthening"][/caption] € The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3935 level and was supported around the $1.3850 level.  The common currency followed U.S. equities markets higher as increased risk demand jumped on speculation the global economic recovery will continue.  Dealers also lifted the common currency as it was reported that EMU-16 PMI improved to 52.4 in January from 51.6 in December, following Germany's lead with its PMI improvement to 53.7.  A draft copy of the upcoming Group of Seven communiqué reports "Market volatility, in particular in the foreign exchange market, could destabilize the nascent global recovery by placing growth on an unbalanced path and trigger unwelcome protectionist reactions."  G7 finance ministers will convene in northern Canada in early February and two hot topics are expected to be exit strategies from the provision of global stimulus and China's currency.  ECB President Trichet this weekend said policymakers "will do whatever is necessary to give all our citizens…price stability."  Trichet also noted U.S. policymakers have reassured him that they favour a strong U.S. dollar.  In U.S. news, President Obama released details of his latest US$ 3.8 trillion budget today and it calls for a broad US$ 1.9 trillion tax increase by returning to pre-2001 ordinary income tax rate [...]

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Tuesday February 2, 2010

                                S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_1994" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Tuesday February 2, 2010"][/caption]

S&P 500 day trading course

S&P500 day trading course support and resistance

S&P500 day trading course Daily chart, support and resistance. First let look at the ascending wedge that is break down. [caption id="attachment_1989" align="alignleft" width="266" caption="S&P500 day trading course trading the wedge"][/caption] S&P500 day trading course Daily Chart support and resistance. Watching these areas: 1069 open gap  1085 as resistance. [caption id="attachment_1990" align="alignleft" width="284" caption="S&P500 day trading course Feb 1 daily Chart"][/caption]

S&P 500 day trading course