Sunday, May 30, 2010

Twitter Weekly Updates for 2010-05-30

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Friday, May 28, 2010

Forex day trading London close

The EURUSD dropped to 1.2321 and has fallen 7.3% this month curbing yesterday's 1.5% rally amid expectations stricter financial regulation in the wake of Europe's debt crisis will curtail the region's growth. The EURJPY was at 112.37, having dropped 0.7% this week heading for a fifth weekly loss as Japan's Finance Minister Naoto Kan today said the G20 summit next week may address the crisis' impact on currencies and financial regulations. The EUR headed for a monthly drop after US Treasury Secretary Geithner yesterday said the US and Europe are in "broad agreement" on the need for tighter market regulation. USDJPY rose to a one- week high of 91.37 before a report forecast to show US consumer spending gained 0.3% and incomes climbed 0.4%, adding to signs the nation's economic recovery remains on track. The JPY fell against the AUD and NZD as Asian stocks rose and before a report forecast to show on May 31 Japan's industrial production advanced 3% (prev. 1.2%). Japan's unemployment rate unexpectedly rose to 5.1% (prev. 5%), losing a net 280,000 jobs, Retail sales rose 4.9%, household spending dropped 0.7% (exp. 2.5%) and deflation deepened, signaling domestic demand is restraining the nation's recovery from its worst postwar recession. Consumer prices excluding fresh food slid 1.5% (prev. 1.2%) after government figures showed an extended rebound in exports, driven by demand from Asia's emerging economies, and highlight Japan's reliance on trade to sustain growth. Finance Minister Naoto Kan said he will try to spur employment that's "crucial" to overcoming price declines. The drop in consumer prices was exacerbated by the government's introduction of a waiver on high school tuition fees to assist households. The BOJ has estimated the step will lower core prices by about 0.5%. The BOJ has faced pressure to fight deflation from the government, whose ability to spur the economy is constrained by record public debt. Kan has been urging [...]

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Wednesday, May 26, 2010

S&P500 day trading course NY open charts

S&P500 day trading course live day trading room and charts levels of support and resistance. [caption id="attachment_2300" align="alignleft" width="215" caption="S&P500 day trading course trading chart"]S&P500 day trading course trading chart[/caption] 1089-90 is resistance today as we are seeing if the bulls can muster enough of a commitment to get us to 1100.  It could be a bit exhausting for them and we could see a sell off if it doesn't close above these levels today. 1089.50 first resistance 1096.25 next area of resistance Extreme high of 1105.25 Point of control will be 1075 on the day, I don't see the bears snatching this away until the close. 1069.50 1st support 1061.25 2nd support with 1051.25 at an extreeme low.  If there is a selll off, would be looking for  the previous swing low a 1036.25 Spain has added some volatility to the Euro and expecting a Spanish down grade soon.  Watch the lunch hour as London closes.

S&P 500 day trading course
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Tuesday, May 25, 2010

S&P500 day trading course NY open

S&P500 day trading course NY open  Tensions over N. Korea could add momentum to this direction. [caption id="attachment_2297" align="alignleft" width="203" caption="S&P500 day trading course 30 min chart"]S&P500 day trading course 30 min chart[/caption] First resistance on 1051.25, 1061.25 with some congestion around 1057.25- 1059 Looking for a retest of yesterdays previous low 1036.25 1st Support at 1029.50 Next Support is 11019.75 Extreme Low of 1019.75, below here we can fall far.  News will move this market, manage your risk at all times. Market will more than likely retrace and make a move after London closes. Open Gaps 1072.25 , 1112 and 1156.

S&P 500 day trading course
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Forex day trading EURO falling Korean tension

The USDJPY traded at 90.01 as the MSCI Asia Pacific Index shares dropped 1.7% boosting demand for JPY as a refuge. Increasing concerns about a slowdown in economic growth weigh on stocks and when stocks fall, investors rush to sell cross currencies against the JPY as a knee-jerk reaction. The USDKRW rose 3.2% to 1,264.35 after North Korea ordered military bodies to prepare for battles and US and South Korea will practice anti-submarine maneuvers and interdicting vessels as a result. The AUDUSD fell to 0.8214 and AUDJPY declined 0.8% to 74.07 for a second day as investors sold higher-yielding assets on concern Europe's debt crisis will worsen and amid reports of escalating tensions between North and South Korea. The AUD slid after North Korea ordered the country's military to get ready for combat and as iron-ore prices dropped before steelmakers in China and South Korea meet today in Beijing to discuss raw material prices. NZDUSD was at 0.6684 and NZDJPY weakened to 60.26 as Fonterra forecast its milk price payout will rise 8.2% in 2011. The EURJPY fell 0.5% to 111.12 while EURUSD dropped to 1.2315 for a second day as signs the EU's debt crisis is spreading revived concern the recovery will slow. The EUR dropped against 13 of its 16 major counterparts as the IMF urged Spain to do more to overhaul its ailing banks, adding to speculation financial institutions in the area face more losses. The IMF backed Spain's plans to rein in its budget deficit with the deepest spending cuts in three decades. IMF said that the banking industry remains under pressure and the Bank of Spain should be prepared to intervene promptly if pockets of weakness remain. Four Spanish banks plan to combine to form the nation's fifth-largest financial group with more than 135 billion EUR in assets, as regulators push ailing lenders to merge with stronger partners. The EURGBP declined 1.1% to 0.8569, the most in almost two weeks; GBPJPY climbed 0.1% to 129.32 and GBPUSD decrease [...]

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Monday, May 24, 2010

Forex day trading room

The USD and JPY rose against higher-yielding currencies with USDJPY trading at 90.14 as political tension on the Korean peninsula boosted demand for safer assets. The USDKRW advanced 1.3% to 1,210.65 from 1,194.40 on May 20, after earlier reaching 1,220.75, the strongest since Sept. 15 to an eight-month high after South Korea said it will halt trade with the North and seek UNSC action over the sinking of a warship in March. Yuan forwards gained on speculation Chinese officials will indicate their intention to allow the currency to strengthen during talks with US in the coming two days. Geithner who is in China for the two-day Strategic and Economic Dialogue will say that Europe's crisis should have only a small effect on the broader global recovery and later meet with EU officials and reinforce his call for coordinated efforts to fight off the crisis and rein in government spending. The USD will probably become a "growth currency" during the next decade, shedding its haven status of the past decade, as the US economy outperforms Europe and Japan according to UBS. The likelihood that the USD performs strongly when investors are risk-seeking will signify a major change in the currency markets. The AUDUSD fell 1.4% to 0.8206 from 0.8318 last week, when it completed a 6.1% drop after touching 0.8073 on Friday, the least since July 2009 and AUDJPY slid 1.6% to 73.75 and NZDUSD weakened 1.1% to 0.6709 and NZDJPY was at 60.29 for the sixth time in seven days on concern Europe's debt crisis will spread. The AUDUSD extended last week's biggest weekly decline since October 2008 as slumping Asian equities spurred investors to dump higher-yielding assets. The currency also fell after Rio Tinto said the proposed mining profit tax acted as a "wet blanket" on its investment plans in the nation. The AUD fell as Rio said it will be shifting resources away from Australia after the government proposed a resources "super profits" tax. Traders cut bets for a fifth [...]

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Sunday, May 23, 2010

Twitter Weekly Updates for 2010-05-23

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