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 Federal. Show all posts
Showing posts with label Federal. Show all posts
Thursday, February 14, 2008
Wednesday, January 23, 2008
Daily Fundamentals 1/23/2008
Good Morning
Its been crazy in the market for day traders. People are getting slammed left and right. I'd even wait for a more weeks to start buying more into mutual funds and long term investments. The Nikkei closed last night up 256 after the feds statement. There are talks about Ben Bernanke might cut rates even more. These are some crazy times on the market place. Be Careful!!
JP
Its been crazy in the market for day traders. People are getting slammed left and right. I'd even wait for a more weeks to start buying more into mutual funds and long term investments. The Nikkei closed last night up 256 after the feds statement. There are talks about Ben Bernanke might cut rates even more. These are some crazy times on the market place. Be Careful!!
JP
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
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