Forex trading market wrap up. • Eurozone Manufacturing PMI (Feb) came out at 54.2 (54.1 expected, 52.4 prior) • Eurozone Unemployment (Jan) was stable at 9.9% (10.1% expected, 9.9% prior) • UK PMI (Feb) better than forecast at 56.6 (56.1 expected, 56.6 prior) • UK final Money supply (Jan) +0.4% m/m +4.9% y/y (-0.9%/6.6% prior) • Swiss PMI (Feb) posts stronger 57.4 print (56.0 expected, 56.0 prior) • Canadian quarterly GDP (Q4) beats estimates at 5.0% (4.2% expected, 0.4% prior) • US ISM Manufacturing weaker than expected at 56.5 (58.0 expected, 58.4 prior) • ECB Stark and EU Commissioner Rehn to meet Greek officials in Athens • EU's Juncker said "would act against market speculation if it ignores Greek reform efforts" • Greek Prime Minister stated "fiscal crisis only tip of iceberg", "has reached dramatic dimensions" • Greek Finance Minister said government will do whatever it takes to cut budget, new measures if needed
Forex trading - live day trading course and currency trade room.
Monday, March 1, 2010
Euro Crisis is first Dollar crisis is next.
Market Maker Edge Day Trading course
Forex trading eurusd targets
[caption id="attachment_472" align="alignleft" width="246" caption="Forex currency trading targets eurusd"]
[/caption] Forex day trading course Extension is the target on this move down. EURUSD is looking bearish. Watch for a move to 1.3380 to come on if the initial figure falls. Greece won"t leave EZ says France FinMin Lagarde - DJ Wil stay with appropriately loose monetary policy, important to manage inflationary expectations say China Prem Wen - DJ China Feb official PMI 52.0, 55.45 exp UK Feb Hometrack house price index rose +0.4% y/y, 1st annual rise since March 2008. "Wouldn"t hurt if banks held a bit more capital" say RBA Gov Stevens Australia Q4 company gross profits +2.2% q/q vs. +2.3% exp Australia Jan new home sales +9.5% m/m, houses +10.1% Australia Feb PMI +2.8 pts to 53.8, output, new orders and deliveries higher. NZ Feb ANZ commodity price index jumped +3.8% to 220.3
Forex trading - live day trading course and currency trade room.
[/caption] Forex day trading course Extension is the target on this move down. EURUSD is looking bearish. Watch for a move to 1.3380 to come on if the initial figure falls. Greece won"t leave EZ says France FinMin Lagarde - DJ Wil stay with appropriately loose monetary policy, important to manage inflationary expectations say China Prem Wen - DJ China Feb official PMI 52.0, 55.45 exp UK Feb Hometrack house price index rose +0.4% y/y, 1st annual rise since March 2008. "Wouldn"t hurt if banks held a bit more capital" say RBA Gov Stevens Australia Q4 company gross profits +2.2% q/q vs. +2.3% exp Australia Jan new home sales +9.5% m/m, houses +10.1% Australia Feb PMI +2.8 pts to 53.8, output, new orders and deliveries higher. NZ Feb ANZ commodity price index jumped +3.8% to 220.3 Forex trading - live day trading course and currency trade room.
S&P 500 Day Trading Course Gap for Mar 1, 2010 Support and Resistance
Friday's trading kept things in the consolidated range once again. Opening at 1102.75 and closing the day at the exact same price. Prices traded a range of 10.25 points through the day, but went nowhere over all. Monday's Trading could see prices retest the 1096 support, with 1092.75 and 1083.50 the next targets. If price does move through the resistance at 1112.00 we will be watching for a touch to 1119, with 1127 and 1132 the next area's to watch for from there. 
S&P500 day trading course
S&P500 day trading course
Sunday, February 28, 2010
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:
Forex trading - live day trading course and currency trade room.
[/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%
- 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
[/caption] S&P 500 day trading course
Friday, February 26, 2010
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.
[/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.
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