Good Morning
Just want to do a quick recap on Mr bernanke, He once again said he'll lower rates again if he has too. He expected slower growth the first half of 08 and then a steady pick up of growth later in 08 and 09. The dollar steadily weakened this morning as it does most times bernanke talks.
For the most part i agree with Mr Bernanke, Even though i think he's an idiot. Slower growth is always expected the first qaurter. This year its put in the spot light a bit because of the credit and mortgage crisis. I do see a slight pick up in the economy as we get out of the first qaurter of 08.
JP
Showing posts with label choice. Show all posts
Showing posts with label choice. Show all posts
Thursday, February 14, 2008
Wednesday, February 6, 2008
Daily Fundamentals 2/6/2008
Good Morning,
Only two annoucnments this morning, Non farm productivity came out this morning at 1.8%. Didn't really move the market very much. Unit labor costs came out down at 2.8%, but up from the expected .8 which sent stocks up this morning.
JP
Only two annoucnments this morning, Non farm productivity came out this morning at 1.8%. Didn't really move the market very much. Unit labor costs came out down at 2.8%, but up from the expected .8 which sent stocks up this morning.
JP
Tuesday, February 5, 2008
Daily Fundamentals 2/5/2008
Good Afternoon
Only one news anncouncement coming out today. ISM Non-manufacturing came out way lower than expected. Which sent stocks falling today along with all dollar pairs.
Something to keep your eye on is gold. Gold has dropped back down to 885 from the 930 highs. If we get some inflationary news that'll be a great trade.
Sorry about the unconsistency on the blog, im really trying on this, As you can see im not a very good blogger yet haha...
JP
Only one news anncouncement coming out today. ISM Non-manufacturing came out way lower than expected. Which sent stocks falling today along with all dollar pairs.
Something to keep your eye on is gold. Gold has dropped back down to 885 from the 930 highs. If we get some inflationary news that'll be a great trade.
Sorry about the unconsistency on the blog, im really trying on this, As you can see im not a very good blogger yet haha...
JP
Friday, February 1, 2008
Daily Fundamentals 2/1/2008
Good Morning,
Hope everybody had a good morning so far. Unemployment rate fell to 4.9%, but hourly earnings fell 0.2%. The dollar rallied on both numbers. but is steadily falling against the euro. ISM manufacturing index came out today at 50.7% didn't have much effect on the dollar pairs, Which suprised me.
Hope Everybody has a good weekend
JP
Hope everybody had a good morning so far. Unemployment rate fell to 4.9%, but hourly earnings fell 0.2%. The dollar rallied on both numbers. but is steadily falling against the euro. ISM manufacturing index came out today at 50.7% didn't have much effect on the dollar pairs, Which suprised me.
Hope Everybody has a good weekend
JP
Wednesday, January 30, 2008
Daily Fundamentals 1/30/2008
Good Day,
Busy trading this morning,
Big news day today. Starting out the ADP Nonfarm employment change came out up 130K. Advance GDP Annualized came out down .06%.
But, Later this afternoon we have Mr Bernanke speaking. As usual he'll mystify the trading community with his idiotic statements. But it should create a good money making opportunity.
JP
Busy trading this morning,
Big news day today. Starting out the ADP Nonfarm employment change came out up 130K. Advance GDP Annualized came out down .06%.
But, Later this afternoon we have Mr Bernanke speaking. As usual he'll mystify the trading community with his idiotic statements. But it should create a good money making opportunity.
JP
Tuesday, January 29, 2008
Daily Fundamentals 1/29/2008
Good Morning,
This morning we had durable goods numbers come out its at 5.2% it was expected to be at 1.9%. Core Durable goods came out up 2.6% percent. The national home price index came out down 7.7%. Later this morning consumer confidence comes out at 10am EST.
The big thing to watch this week is gold. Sitting at 925 and oz. If the fed lowers rates another big percent gold could hit 950 to 975 and oz.
JP
This morning we had durable goods numbers come out its at 5.2% it was expected to be at 1.9%. Core Durable goods came out up 2.6% percent. The national home price index came out down 7.7%. Later this morning consumer confidence comes out at 10am EST.
The big thing to watch this week is gold. Sitting at 925 and oz. If the fed lowers rates another big percent gold could hit 950 to 975 and oz.
JP
Monday, January 28, 2008
Daily Fundamentals 1/28/2008
Good Morning,
Finally we have a good news week this week. Fed meeting this week will be a nice mover depending on what bernanke does. but, i believe he'll do something crazy. Today we only have new home sales coming out at 10am. The projection for that number is 645k.
Finally we have a good news week this week. Fed meeting this week will be a nice mover depending on what bernanke does. but, i believe he'll do something crazy. Today we only have new home sales coming out at 10am. The projection for that number is 645k.
Monday, January 14, 2008
Daily Fundamentals 1/14/2008
Good Morning,
Not any US news coming out today. But, gold is at 908 an ounce. I don't really like predicting moves in any market. but, if the dollar keeps tanking and the fed doesn't get a hold on inflation we'll probably see 1000 dollar gold by summer. Oil is sitting at 93 dollars a barrel, I see oil dropping as demand gets lower due to the lack in consumer funds.
JP
Not any US news coming out today. But, gold is at 908 an ounce. I don't really like predicting moves in any market. but, if the dollar keeps tanking and the fed doesn't get a hold on inflation we'll probably see 1000 dollar gold by summer. Oil is sitting at 93 dollars a barrel, I see oil dropping as demand gets lower due to the lack in consumer funds.
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.
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