Good Morning
Sorry about friday, Didn't get to the rapup post.
Well, its the last week before the holidays. I think this week will be a nice one. Today (monday) is the only real good news day in the US. We've got the empire state business conditions index, current accounts, long term transactions and fed governor. All of which are in the AM. Tuesday we've got housing starts and building permits. Housing starts should be a nice little mover. Wednesday we've got alot of euro pound news. Thursday we've got GDP and philly manufacturing index. Finally on friday we've got core pce price index, Personal spending, (which is a big number) and consumer sentiment which is another big number.
So like i said we are going to have a nice week. All around we've got some good numbers coming out. Hope everybody has a profitable week :)
JP
Monday, December 17, 2007
Wednesday, December 12, 2007
Mid-Week Update 12-12-2007
Good Morning
Well the fed came out yesterday and cut interest rate a quarter of a point to 4.25%. Pretty much obliterated the stock market and all the dollar pairs. PERFECT trade! Trade balance just came out about 14 minutes ago, The dollar didn't really have a reaction to it because it sold off before the announcement. There was a minor push up in eur/usd though.
The rest of the week looks pretty good fundamentally with ppi and cor ppi. Also have the Tanken report in japan which will be nice in yen pairs. its the same as the US Beige book.
I have decided to start commentating futures and stocks more on my blog. I'm new to futures so if I sound like any more of an idiot then i am now please don't laugh to hard. HAHA........
Thanks
JP
Well the fed came out yesterday and cut interest rate a quarter of a point to 4.25%. Pretty much obliterated the stock market and all the dollar pairs. PERFECT trade! Trade balance just came out about 14 minutes ago, The dollar didn't really have a reaction to it because it sold off before the announcement. There was a minor push up in eur/usd though.
The rest of the week looks pretty good fundamentally with ppi and cor ppi. Also have the Tanken report in japan which will be nice in yen pairs. its the same as the US Beige book.
I have decided to start commentating futures and stocks more on my blog. I'm new to futures so if I sound like any more of an idiot then i am now please don't laugh to hard. HAHA........
Thanks
JP
Monday, December 10, 2007
Week Ahead 12-10-2007
Good Morning,
First of all this morning i've got to appologize for fridays post, or the lack of post on friday haha. Im new to this blogging thing so you gotta give me a chance to grow.
But anyway, This week is a huge week with the FOMC coming out on tuesday. Starting off today we don't have much news in the US market. Pending home sales comes out at 10am EST. Other than that its a technical day on the US market. North of the border the Bank of Canada Governor speaks at 12pm EST. Canada also has housing starts that have already came out at 8:15am EST.
Tuesday of course we've got the interest rate statement (FOMC) coming out at 2:15pm. There are other opportunities on the Aussie dollar, the pound and the euro.
Wednesday we've got the import price index at 8:30am also the trade balance at 8:30am. Other good trades in the Aussie dollar, the pound, the New Zealand Dollar and the Canadian Dollar.
Thursday is a Big day. We've got retail sales, core retail sales and ppi coming out at 8:30am. In other markets we've got good trades in the Canadian dollar, the Japanese Yen, The pound and the Swiss Franc.
Finally on friday we've got CPI and Core CPI coming out at 8:30am. At 9:15am we've got industrial production and capacity utilization. No other news announcments other then the canadian dollar.
Well i hope everybody has a good week.
JP
First of all this morning i've got to appologize for fridays post, or the lack of post on friday haha. Im new to this blogging thing so you gotta give me a chance to grow.
But anyway, This week is a huge week with the FOMC coming out on tuesday. Starting off today we don't have much news in the US market. Pending home sales comes out at 10am EST. Other than that its a technical day on the US market. North of the border the Bank of Canada Governor speaks at 12pm EST. Canada also has housing starts that have already came out at 8:15am EST.
Tuesday of course we've got the interest rate statement (FOMC) coming out at 2:15pm. There are other opportunities on the Aussie dollar, the pound and the euro.
Wednesday we've got the import price index at 8:30am also the trade balance at 8:30am. Other good trades in the Aussie dollar, the pound, the New Zealand Dollar and the Canadian Dollar.
Thursday is a Big day. We've got retail sales, core retail sales and ppi coming out at 8:30am. In other markets we've got good trades in the Canadian dollar, the Japanese Yen, The pound and the Swiss Franc.
Finally on friday we've got CPI and Core CPI coming out at 8:30am. At 9:15am we've got industrial production and capacity utilization. No other news announcments other then the canadian dollar.
Well i hope everybody has a good week.
JP
Sunday, December 9, 2007
Trading compared to gambling
Morning
Hope everybody is ready for the week ahead.
Even though its Sunday I have had an itching all weekend to talk about trading compared to gambling. Ever sense I've started to trade people have been telling me to not to it cause its gambling and you can lose all your money. I do give them 50% credit in that statement, because you can lose all your money. But, its not gambling. I have came to the conclusion that the people who claim trading is gambling are the people who's uncles brothers friend lost 800 dollars on a stock, so that makes them an expert in why you shouldn't trade. Well i don't want to insult anybody but that is just ignorance talking. TRADING IS NOT GAMBLING!!
When you gamble you cannot predict the outcome. Trading you can predict the outcome 95% of the time through studying macro economics of the trade, recent events, and possible future events. You cannot do that in gambling. The reason people compare trading to gambling is because they just bought a stock there brothers uncles friend told them was good. Then the company was investigated by the IRS and their stock dropped 50 bucks. They bought that stock with no studying into the company. These people wouldn't know what a stochastic or moving average is if it came up and bit them in the ass. These are the people you don't want to talk to if you want to get into trading. Because they'll just bring you down and tell you not to do it.
To be success full as a trader you need the following
1, to study technicals and fundamentals as much as you can
2, read every book on macro/micro economics, I also would suggest Socio economics
3, Treat your trading as a business, Get it registered as an llc.
4, Trade Trade Trade, lose, lose? Yes so you learn more then WIN WIN WIN
5, Don't listen to ignorant people who failed then bring that negative B.S onto you.
Hope everybody is ready for the week ahead.
Even though its Sunday I have had an itching all weekend to talk about trading compared to gambling. Ever sense I've started to trade people have been telling me to not to it cause its gambling and you can lose all your money. I do give them 50% credit in that statement, because you can lose all your money. But, its not gambling. I have came to the conclusion that the people who claim trading is gambling are the people who's uncles brothers friend lost 800 dollars on a stock, so that makes them an expert in why you shouldn't trade. Well i don't want to insult anybody but that is just ignorance talking. TRADING IS NOT GAMBLING!!
When you gamble you cannot predict the outcome. Trading you can predict the outcome 95% of the time through studying macro economics of the trade, recent events, and possible future events. You cannot do that in gambling. The reason people compare trading to gambling is because they just bought a stock there brothers uncles friend told them was good. Then the company was investigated by the IRS and their stock dropped 50 bucks. They bought that stock with no studying into the company. These people wouldn't know what a stochastic or moving average is if it came up and bit them in the ass. These are the people you don't want to talk to if you want to get into trading. Because they'll just bring you down and tell you not to do it.
To be success full as a trader you need the following
1, to study technicals and fundamentals as much as you can
2, read every book on macro/micro economics, I also would suggest Socio economics
3, Treat your trading as a business, Get it registered as an llc.
4, Trade Trade Trade, lose, lose? Yes so you learn more then WIN WIN WIN
5, Don't listen to ignorant people who failed then bring that negative B.S onto you.
Friday, December 7, 2007
Weekly rapup 12/7/2007
Good Morning
Well as expected this week was a pretty active week on the fundamental side of trading. Unemployment came out today at 4.8% up from 4.7% last month. Consumer sentiment was down as expected. It had a minor quick scalp on dollar pairs. Its going to be a sidways friday today i think. euro yen is in a intraday trend. Hoping it'll break out so i can get something.
Hope everybody has a good weekend.
JP
Well as expected this week was a pretty active week on the fundamental side of trading. Unemployment came out today at 4.8% up from 4.7% last month. Consumer sentiment was down as expected. It had a minor quick scalp on dollar pairs. Its going to be a sidways friday today i think. euro yen is in a intraday trend. Hoping it'll break out so i can get something.
Hope everybody has a good weekend.
JP
Wednesday, December 5, 2007
Mid-Week Update
Good Morning folks
The non farm employment just came out today and its double what was predicted 189K, prediction was 119K. MARKET MANIPULATION PEOPLE. I'm all for trading fundamentals but i really wouldn't trade on these numbers. Something wrong here. The ISM manufacturing index was higher at 50.8 VS the 50.4 predicted. I'd watch this number after the Christmas season due to less manufacturing after Christmas. This has been a huge week all across the board on the fundamental side. All currencies have had good news movers coming out this week. News traders are going WILD.
As far as the rest of the week goes, We've got the ECB announcement coming out tomorrow as wells jobless claims. Friday we've got consumer sentiment as well as consumer credit (which will be a crap number) and we got the employment situation number on Friday as well. After seeing non farms at 189K i wouldn't trade the employment number cause of the manipulation.
Well, i gotta get trading folks. Have a good day!
The non farm employment just came out today and its double what was predicted 189K, prediction was 119K. MARKET MANIPULATION PEOPLE. I'm all for trading fundamentals but i really wouldn't trade on these numbers. Something wrong here. The ISM manufacturing index was higher at 50.8 VS the 50.4 predicted. I'd watch this number after the Christmas season due to less manufacturing after Christmas. This has been a huge week all across the board on the fundamental side. All currencies have had good news movers coming out this week. News traders are going WILD.
As far as the rest of the week goes, We've got the ECB announcement coming out tomorrow as wells jobless claims. Friday we've got consumer sentiment as well as consumer credit (which will be a crap number) and we got the employment situation number on Friday as well. After seeing non farms at 189K i wouldn't trade the employment number cause of the manipulation.
Well, i gotta get trading folks. Have a good day!
Monday, December 3, 2007
Week ahead 12/4/2007
Good Morning
Big BIG BIG week this week, especially for the dollar pairs. citi bank announced a downsize last nite which moved the dollar ALOT, I see the stock market falling today after this news. European banks, mostly England banks announced they will be forced to cut rates because of there own credit crisis. What is going on people!!! Monetary policy is out of control!!!!
I am not going to be posting the week ahead news announcements this morning, because there is ALOT of news this week. Actually, this week I'll post the news on a day basis this week.
Have a good morning folks!!
Big BIG BIG week this week, especially for the dollar pairs. citi bank announced a downsize last nite which moved the dollar ALOT, I see the stock market falling today after this news. European banks, mostly England banks announced they will be forced to cut rates because of there own credit crisis. What is going on people!!! Monetary policy is out of control!!!!
I am not going to be posting the week ahead news announcements this morning, because there is ALOT of news this week. Actually, this week I'll post the news on a day basis this week.
Have a good morning folks!!
Subscribe to:
Posts (Atom)