Monday, May 3, 2010

S&P500 day trading course 30 min chart

S&P500 day trading course 30 min chart [caption id="attachment_2216" align="alignleft" width="204" caption="S&P500 day trading course 30 min"]S&P500 day trading course 30 min[/caption] as mentioned yesterday looking for the close around the 1198 to 1200. May 4 S&P500 day trading could be support around the 1188.25 area.  Resistance into 1202.50 to 1208 area. 1208.75 is where price can break free for a move up.  Most likely will stay consolidated if it breaks through 1202.50. Point of Control is 1197.50 for Tuesday.  Expecting the S&P500 to close at yesterdays opening levels to maybe signal the second part of the move down. Problem again of low volume and the market floats up on low volume.  If we get some selling pressure we could see 1179.75 showing some cracks in the support for possible future sell off.

S&P 500 day trading course
Posted by at No comments:

S&P500 day trading course and live trade room

S&P500 day trading course [caption id="attachment_2210" align="alignleft" width="219" caption="S&P500 day trading course"]S&P500 day trading course[/caption] Looking for a retrace to 1198-1200 and then a doji on the close either today or tomorrow. This is a low volume day which we mostly close positive (green bar).  Next two days will be key if we test to 1170 area.  This will be major support. then 1119.50. On the upside, if we continue having low volume trading days look for another push up to previous highs and longer term consolidation in this range 1202-1216

S&P 500 day trading course
Posted by at No comments:

Forex day trading china tightens

Forex day trading course USDKRW fell 0.7% to 1,115.45 for the first time in three days, leading other Asian currencies lower after China raised bank reserve ratios for a third time this year, fuelling concern the nation's central bank will try to limit the currency's gains, after it climbed 4.4% this year. China's monetary tightening yesterday will absorb 300 billion Yuan ($44 billion) from the financial system and may push back an interest-rate increase until early June. China's third increase of bank reserve ratios this year left benchmark interest rates and the Yuan's peg to the USD unchanged, risking the need for more concerted effort to contain property prices and inflation in coming months. The current level is 16.5% for the biggest banks and 14.5% for smaller ones. A $22.5 billion jump in foreign-exchange reserves, the biggest gain in four months, suggested investors could be showing a renewed appetite for bets on the currency. Exports and company profits are rebounding and the economy expanded 11.9% in Q1. Reserve-ratio increases and the targeting of a 22% reduction in new loans this year are among efforts to wind back stimulus that has driven the nation's recovery from the financial crisis with measures to cool the real-estate market have included a ban on loans for third-home purchases and raising mortgage rates and down-payment requirements for second-home purchases. South Korea's inflation rose 2.6% (prev. 2.3%, exp. 2.4%) and exports advanced for a sixth consecutive month in April, boosting the case for the central bank to raise interest rates. GDP expanded a faster-than-expected 1.8% last quarter and Credit Suisse last week raised its 2010 growth forecast to 6.2% from 5.2%. Japanese financial markets were shut for a holiday. Australian house prices rose 4.8% in Q1 (prev. 5.2%) the most since at least 2003, increasing the likelihood of the RBA boosting borrowing costs tomorrow. Surging property prices are a key reason that Governor [...]

Forex trading - live day trading course and currency trade room.
Posted by at No comments:

Sunday, May 2, 2010

Twitter Weekly Updates for 2010-05-02

Posted by at No comments:

Thursday, April 29, 2010

Forex day trading wrap up Asia

The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3245 level and was supported around the $1.3140 level.   As expected, the Federal Open Market Committee decided to keep interest rates unchanged.  The FOMC reported "Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that the labor market is beginning to improve. Growth in household spending has picked up recently but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software has risen significantly; however, investment in nonresidential structures is declining and employers remain reluctant to add to payrolls. Housing starts have edged up but remain at a depressed level. While bank lending continues to contract, financial market conditions remain supportive of economic growth. Although the pace of economic recovery is likely to be moderate for a time, the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability.  With substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to be subdued for some time.  The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period. The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to promote economic recovery and price stability.  In light of improved functioning of financial markets, the Federal Reserve has closed all but one of the spec [...]

Forex trading - live day trading course and currency trade room.
Posted by at No comments:

Wednesday, April 28, 2010

Forex managed trading monthly support line

Forex day trading, Spain is down graded.  Greece needs more and more, 120 billion euro package to flow there at the end of next month. [caption id="attachment_839" align="alignleft" width="263" caption="Forex managed funds monthly eurusd"]Forex managed funds monthly eurusd[/caption] 8 year trend line tested at 1.3102 with a further supporting TL at 1.2745 on the EURUSD monthly chart. 1.40 falls into a 50% retracement here but with all the EU countries asking for money there is no end in site. 1.21 by summer and Par by the year on the USD. All asset classes came under heavy selling pressure after the S&P rating agency downgraded both Greece and Portugal's sovereign debt yesterday. In the wake of the downgrade: Greek 2-year debt skyrocketed to 22.00%, 1 year credit-default swaps stand at 1290, the EURUSD fell through the 1.3200 level for the 1st time since April '09 as equity markets sold off globally. Overall, we remain bearish on the EURUSD. The EU/IMF rescue package may provide some temporary reprieve for the EURUSD, but there are still considerable financial obstacles before the Eurozone is in the clear. On the US side, we do not expect any significant shift in language nor policy from the FOMC today and maintain that asset sales are a distant prospect.
08:30 [...]

Forex trading - live day trading course and currency trade room.
Posted by at No comments:

Tuesday, April 27, 2010

Forex day trading system eurusd new lows

Forex day trading new lows on for the EURUSD EURJPY weakened 0.2% to 125.51 as the JPY rose against all of its major counterparts and Asian stocks declined as concern about Greece's bailout plan and the effect of tightening measures in China drove investors away from higher-yielding assets and after reports that BOJ may upgrade its 2011 CPI forecast on April 30. Investor sentiment turned bearish after German Chancellor Angela Merkel said she won't release funds for Greece until the nation has a "sustainable" plan to reduce its deficit. The USDJPY traded near its strongest level in almost three weeks to 93.81, the most since April 6 on speculation the Fed is moving closer to withdrawing stimulus as the US economic recovery gathers momentum. After the market closed, US Senate Republicans blocked Democrats from advancing their plan to overhaul Wall Street regulation, saying they want to force changes before beginning full debate. The NZDJPY fell to 67.53 after trading 68.31, the highest since Jan. 14 and AUDJPY fell to 86.76 after touching 87.77 yesterday, the strongest since Sept. 29, 2008 on concerns the EU aid package for Greece won't keep the deficit crisis from spreading, damping demand for higher-yielding currencies. The AUDJPY also retreated from an 18 month high as Asian stocks dropped. The NZDUSD dropped to 0.7201 after it reached 0.7256, the most since Jan. 20 while AUDUSD traded 0.9251 after German Chancellor Angela Merkel yesterday said she won't release Greek rescue funds until the country shows it's got a "sustainable, credible" plan to cut its budget deficit. Australia's producer prices index gained 1% in Q1 (prev. -0.4%) as cost of petroleum refining advanced 8.1%, building construction prices gained 0.6% while utilities rose 3.3%. The EURUSD may weaken to less than 1.3000 this year should the Fed start raising interest rates before the ECB, according to market estimates. If the Fed does hike before the ECB, BOJ and BOE, th [...]

Forex trading - live day trading course and currency trade room.
Posted by at No comments:
Subscribe to: Posts (Atom)