Good Morning
Slow day today on the fundamental side of the market. Compared to yesterday today is really slow. You should have cleaned up on thursday.
I want to talk a little bit about this recession the news says we are having than says we are not having. These news people are changing their mines every day due to daily fluctations in the market. They are not looking at past year stats. YOU CANNOT LOOK AT DAILY ECONOMIC FORECASTS TO DETERMINE A RECESSION. sheesh....Bloomberg.com has an article saying its looking bad because car sales and consumer spending is down. HELLO!!!! its february. Consumers are not going to buy alot of stuff right after christmas....First quarter is usually slow, EVERY YEAR......They (media) keeps saying the economy is at a .5% growth rate. The technical defanition of recession is negative growth or no growth. 0.5 is SLOW GROWTH.
All these journalist that call themselves economists don't know anything because they report the news not actually invest or trade........Makes me sick....They have been reporting bad numbers and interepret it as a recession. Not look at the fact that its right after the holidays.......
JP
Showing posts with label futures. Show all posts
Showing posts with label futures. Show all posts
Friday, February 8, 2008
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
Monday, January 21, 2008
Daily Fundamentals 1/21/2008
Good Morning
Its gonna be a pretty slow week on the news side of the market. But the big story this week is going to be gold. Gold is sitting at 868 an oz, that's down from 890-900 last week. Gold could drop way lower due to slower world economy. If I were you I'd wait for the pullback to buy gold. Watch your indicators and the news for a good movement indicator.
Have a good monday,
JP
Its gonna be a pretty slow week on the news side of the market. But the big story this week is going to be gold. Gold is sitting at 868 an oz, that's down from 890-900 last week. Gold could drop way lower due to slower world economy. If I were you I'd wait for the pullback to buy gold. Watch your indicators and the news for a good movement indicator.
Have a good monday,
JP
Wednesday, January 16, 2008
Daily Fundamentals 1/16/2008
Good Morning,
Gold is down 15 dollars from the open of yesterday. Oil is sitting at 90 dollars a barrel. Capacity utilization, core cpi and net long term transactions were all positive numbers this morning in the US session news. JP Morgan and Wells Fargo both announced negative profits this morning. Not too shocking.
JP
Gold is down 15 dollars from the open of yesterday. Oil is sitting at 90 dollars a barrel. Capacity utilization, core cpi and net long term transactions were all positive numbers this morning in the US session news. JP Morgan and Wells Fargo both announced negative profits this morning. Not too shocking.
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
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!
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