Forex trading- Euro loosing ground vs pound Dollar strengthens

€ The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4365 level and was capped around the $1.4510 level.  The common currency was pressured overnight on rumours that German Chancellor Merkel may resign following a media report that she was losing the support of her coalition partners.  Merkel dismissed this talk as "absurd" and pledged to move forward with her pledge to reduce taxes.  Data released in the eurozone saw the November trade surplus print at €4.8 billion, down from €6.6 billion in October, while EMU-16 consumer price inflation rose 0.3% m/m and 0.9% y/y.  The common currency has also been pressured this week following ongoing concerns that Greece's fiscal position may require drastic intervention from the European Union.  European Central Bank President spoke after the ECB's decision to keep rates unchanged yesterday and provided a mixed assessment of the eurozone economy.  Trichet also talked up the U.S. dollar, an ongoing dialog he has had with the market that is designed to limit the amount of upside potential for euro appreciation.  In U.S. news, data released today saw December consumer price inflation up a smaller-than-expected +0.1% m/m and 2.8% y/y at the headline level and 0.1% m/m and 1.8% y/y at the core level.  Also, the January Empire State manufacturing index improved to 15.92 from a revised prior reading of 4.50.  Additionally, December industrial production printed at 0.6% and capacity utilization improved to 72.8%.  Finally, the mid-January University of Michigan consumer sentiment index receded to 72.8 from the prior reading of 72.5.   Data to be released on Tuesday include net long-term TIC flows and the NAHB housing market index.  Most Federal Reserve officials – but not all – have talked up the U.S. economy's recent strengthening and Fed officials are said to be reviewing ways to drain upwards [...]

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

S&P 500 Emini Day Trading Gap Friday January 15, 2010

                                 S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Friday January 15, 2010

S&P Emini 500 Futures traded the day in a narrow range with below average volume.  Perhaps traders were awaiting the Intel results which reported above expectations after the market closed.  Initial after hours trading on the Emini indicated a positive response to the Intel report.  Tomorrow morning pre market  economic reports that are customarily high impact, may mitigate the good news from Intel.  Friday is also options expiration, which often lends a bullish influence to the market.  Finally, tomorrow leads into a long weekend for the market.  Markets are closed Monday for Martin Luther King Day.  Expect Friday afternoon's trading to be light.  Most of the institutional traders have already left the building by early afternoon.

S&P 500 day trading course

Currency trading live room US economy expanded.

Forex trading - live trade room  € The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4580 level and was supported around the $1.4455 level.  Traders are trying to digest one report that suggests the Obama administration is going to impose a major tax on banks that borrowed funds under the Troubled Asset Relief Program.  Another report suggests the Obama administration is considering extending capital gains tax relief, a move that could support the equity market.  Data released in the U.S. today saw MBA mortgage applications up 14.3% from the prior reading of 0.5%.  The Federal Reserve's Beige Book was released today and confirmed improvements in business conditions in ten of the twelve Fed districts but noted the labour market is "generally weak" in most of the Fed districts.  Data to be released in the U.S. tomorrow include the December import price index, December retail sales, weekly initial jobless claims, continuing claims, and November business inventories followed by many data on Friday including consumer price inflation, industrial production, and more.  Chicago Fed President Evans today reported the U.S. economy may expand 3%  to 5% in 2010 and sees a "stable" outlook for prices.  Philadelphia Fed President Plosser spoke overnight and hawkishly said "This increase in rates must occur well before the unemployment rate or other measures of resource slack have diminished to acceptable levels."  In eurozone news, German gross domestic product growth data confirmed the economy fell 5.0% in 2009, a sharp reversal from 2008's +1.3% expansion. This represented the first contraction in six years and the largest decline since World War II.  French data released today saw the November current account gap narrow to €3.8 billion.  European Union President Van Rompuy reported Greece's fiscal problems are a major concern the en [...]

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

S&P 500 Emini Day Trading Gap Thursday January 14, 2010

                         S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Thursday January 14, 2010

S&P Emini 500 Futures filled yesterday's open gap on a good volume day with an above average trading range.  It seems volatility and volume are returning to the market.  Over 2 million contracts traded for the second day in a row.  The index retrace all of yesterday's decline and finished up 10 points at 1142.00.  Tomorrow will bring several high impact economic reports before the market opens.  Those reports will most likely dictate tomorrow's trading action.

S&P 500 day trading course

Forex trading Pound rose against dollar.

The pound rose for a fourth day against the dollar, its longest run of gains since November, after Bank of England policy maker Andrew Sentance was cited as saying interest rates may have to increase this year. The British currency also climbed versus the euro and the yen after the Guardian newspaper reported Sentance as saying the bank has done enough to stimulate the economy. The pound climbed to $1.6219 as of 8:39 a.m. in London, from $1.6164 yesterday in New York, for its longest sequence of gains since the five days through Nov. 9. It strengthened to 89.30 pence per euro, from 89.63 pence, and appreciated to 148.04 yen, from 147.06. The yen fell against all 16 of its most-traded peers tracked by Bloomberg before fourth-quarter earnings reports this week from companies including Intel Corp. and JPMorgan Chase & Co., which some analysts say will bolster stocks. Australia's dollar traded near an eight-week high against the U.S. currency on speculation a report tomorrow will show payrolls increased for a fourth month. Gold rebounded from its biggest drop in almost three weeks in London on demand for an alternative to a weaker dollar and lower prices for other commodities. Gold for immediate delivery rose as much as $6.39, or 0.6 percent, to $1,134.89 an ounce and was at $1,132.47 at 9:43 a.m. local time. Bullion for February delivery added 0.3 percent to $1,132.80 on the New York Mercantile Exchange's Comex division.

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

S&P 500 Emini Day Trading Gap Wednesday January 13, 2010

                                  S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Wednesday January 13, 2010

S&P Emini 500 Futures gapped down 7.75 points this morning.  The gap never filled and is the first overhead gap in quite a few weeks.  Seven unfilled gaps lie beneath the current price range, and leaves open the possibility of a correction to those levels.  Today's down market on good volume is a clue as to longer term direction.   Prices are coming off of overbought conditions in all time frames.  Look for initial testing of the 1100 level if declines continue on heavy volume.  If prices turn back to the upside, look for a test of 1150.  A break above that level on volume would indicate a continuation of the up trend.  For day traders, the return of volatility to the market is welcome.

S&P 500 day trading course

Day trading course Toronto, Canada December 12-14 S&P500 day trading course

Money Maker Edge day trading course is coming to Toronto December 12-14.  Live trading seminar and work shop.

Have you noticed that most investors have ended up being a victim of the markets? If you have ever been intrested in controlling your own finances and not leaving your investments in others hands, join us for a three day live training seminar in Toronto, where you will learn how to get back financial control of you r investments.

Our live training is a small group of 8- 10 traders in the S&P 500 emini futures.
We will be covering:

• Business strategy –  in an easy to use template that we will help you with every quarter to stay on track.
• Money Maker Edge Trading Code, a group of trade rules to follow.
• Money Maker Edge Trade Journal – Recording and quantifying results and keeping.
• Precise Entry points – learn where to get in.
• Price and Direction – see as the market maker sees.
• Trade Strategy
• How to set daily targets.
• When to trade and when not to trade
• Trading plan
• How to let the trades come to you.
• Trading with targets and how to manage risk.
• How to get your income, wealth and freedom trading.
• How to spot the highest probability trade
• Mastering your strategy
• How to be responsible for your trading and level of choice in the market.
• Money Maker Edge trade settings  - How would you like to know specific times to trade and not to trade.
• We will train you to understand responsible trading practices.
• The real working s of the market place and how to use these to your advantage versus being taken advantage of.
• The difference between direction and hope.

How to enter the trade and minimize risk so you don’t throw your money away.

We are including a trade journal, the trade manual with the Money Maker Edge methodology, and membership to our trade room where you trade live with other profitable traders.

You don’t have to trade alone.  The Money Maker Edge S&P 500 live room’s participants normally trade for an hour to an hour an half during the market.   This room is open to anyone that has had the S&P 500 day trading course and most  reach their daily goal in under and hour.  This trading room helps re enforce the trading methods we use and makes it easier for the beginning trader to see the trades and make better choices. This is open to all traders that have completed our course.

BONUS: On the second evening we will be training you in The Financial Wall(TM) - breaking through to financial freedom. This activity has empowered many to break free from their restrictive money games.  For many, it is the first time they will be able to choose how to play their money game.

If you have any questions or For more information call Joel at 866-640-3737

S&P 500 day trading course for S&P 500 emini futures. Online and live trainings with a live trading room giving day traders a system and support. Trading with a group of profitable traders. Emini futures course focuses on trade mastery and practice