We are all aware of the weak dollar. Do we know the ramifications? It is good to know who wants a weak USD and why they want it. Great article in the USA Today. Read it!
http://www.usatoday.com/money/markets/2009-10-12-dollar-earnings-drop_N.htm
Dow closes above 10,000. This is big news as the bears were looking at the less than stellar numbers released in the last few days as a reason for a correction. Looks like the Bulls are going to run a bit longer!
Showing posts with label financial reports. Show all posts
Showing posts with label financial reports. Show all posts
Wednesday, October 14, 2009
Monday, February 9, 2009
Stimulus=838 Billion
$838 Billion. That is a chunk of change. Will the stimulus work? It sure will help. After clearing a few key hurdles in Congress it looks like Pres. Obama will get this thing passed. I believe it is a mute point whether you are for or against this massive plan. It has become increasingly apparent that the core of the economy is in danger and something must be done.
There are many good things in this stimulus package and of course, in my opinion, some nonsense. We are of course talking about Congress after all. I tip my hat to them as it does, on the surface, appear that the pork has been kept to a minimum and that's no small feat.
What to look for as a forex trader? You should see the greenback strengthen against the majors, especially on the heels of the Eurozone not cutting rates. Look back over the past year, traders like currencies when their respective governments have enacted policies to stave off this recession. Look at recent history, Bank of England cuts rates, currency jumps, Eurozone doesn't, currency suffers. Look for the same thing this week if the stimulus package gets through the Senate.
There are many good things in this stimulus package and of course, in my opinion, some nonsense. We are of course talking about Congress after all. I tip my hat to them as it does, on the surface, appear that the pork has been kept to a minimum and that's no small feat.
What to look for as a forex trader? You should see the greenback strengthen against the majors, especially on the heels of the Eurozone not cutting rates. Look back over the past year, traders like currencies when their respective governments have enacted policies to stave off this recession. Look at recent history, Bank of England cuts rates, currency jumps, Eurozone doesn't, currency suffers. Look for the same thing this week if the stimulus package gets through the Senate.
Monday, August 11, 2008
Greenback On The Move!
Wow, oil takes a nice dip and the greenback makes a pretty good run. We knew it was coming, just didn't expect it quite so soon. The FXGrail traders were rewarded quite nicely on this greenback rally just by trading the modules. More than one module triggered trades and if you kept to the program you should have made a small fortune from this currency rally. It's as I have always stated when it comes to The FXGrail, trade what the charts show you. In a nutshell it really is that easy. Find a system and stick with it and you will be rewarded.
We talk a lot at the Grail about risk free trading, this rally was the perfect example of what we are talking about. The recent EUR/USD and USD/JPY trades are the prime example of what the Grail is about. Keep trading people, lots of money to be made.
We talk a lot at the Grail about risk free trading, this rally was the perfect example of what we are talking about. The recent EUR/USD and USD/JPY trades are the prime example of what the Grail is about. Keep trading people, lots of money to be made.
Tuesday, April 29, 2008
Should They.....
Should they or shouldn't they....lower the interest rate. Of course I'm talking about the wonderful Feds. We all know what they are going to do. They will lower again. As they are consistently out of touch with the real world I am quite sure they will lower rates, the dollar will continue to weaken, oil will continue to rise, and the American people will suffer.
What should they do? Surprise everyone and raise the rates! Think of the shock this would cause. Oil would plummet, the dollar would strengthen, and it may just help check the rampant inflation and get America back on its feet.
Don't be fooled by the bogus inflation numbers. Inflation in the states is out of control. When the price of eggs is up over 30% that tells me inflation is rampant. Tomorrow I will fill everyone in on the falsehoods that are the inflation numbers, but hell, you don't need me to break it down, your wallets and bank accounts are telling you already!
What should they do? Surprise everyone and raise the rates! Think of the shock this would cause. Oil would plummet, the dollar would strengthen, and it may just help check the rampant inflation and get America back on its feet.
Don't be fooled by the bogus inflation numbers. Inflation in the states is out of control. When the price of eggs is up over 30% that tells me inflation is rampant. Tomorrow I will fill everyone in on the falsehoods that are the inflation numbers, but hell, you don't need me to break it down, your wallets and bank accounts are telling you already!
Tuesday, April 15, 2008
G7
Changes in the G7 language regarding the volatility in the currency market, stability of financial markets, and the global economy were not enough to sustain a USD rally. The US dollar strengthened against the other majors but it was short lived.
What is the reason for this? Though the G7 changed the language, the markets believe there's not much behind the words. The G7 called for more investment bank self-regulation and higher capital requirements for banks. Of course the banks balked. We are now pretty much back where we started with the majors.
Not a problem, easy money with currencies filling gap from the weekend. Keep it simple stupid. K.I.S.S. that is the key to forex, and one of my favorite bands. Happy trading!
What is the reason for this? Though the G7 changed the language, the markets believe there's not much behind the words. The G7 called for more investment bank self-regulation and higher capital requirements for banks. Of course the banks balked. We are now pretty much back where we started with the majors.
Not a problem, easy money with currencies filling gap from the weekend. Keep it simple stupid. K.I.S.S. that is the key to forex, and one of my favorite bands. Happy trading!
Friday, March 28, 2008
Mortgage Mess
It is very disturbing to me that the government wants to use my hard earned money to bail out irresponsible homeowners. Don't get me wrong I don't want to see anyone lose their home but come on. What happened to people being responsible for their own decisions?
Would I like to live in a bigger home? Sure would, everybody would. The problem I have is many purchased homes that even my dog could have figured out they couldn't afford. Sorry idiots you should have known that when you make $30,000 a year you couldn't realistically afford a $300,000 home. It's not rocket science folks, we shouldn't bear the brunt of stupidity.
The gov bailing out Bear Stearns was a different story. Yes they are idiots also but to prevent a collapse of the financial system in this country, it had to be done. I'm not happy about it but being involved in what we're involved in, we should understand the ramifications if the idiots at Bear Stearn were allowed to collapse.
Gov-Stop bailing out idiots, put some responsibility back on the banks and the individuals who created this mess. It's time the Feds stop holding the hands of the morons.
Fiscal responsibility, something apparently the Feds and a lot of this country have no clue about!
Would I like to live in a bigger home? Sure would, everybody would. The problem I have is many purchased homes that even my dog could have figured out they couldn't afford. Sorry idiots you should have known that when you make $30,000 a year you couldn't realistically afford a $300,000 home. It's not rocket science folks, we shouldn't bear the brunt of stupidity.
The gov bailing out Bear Stearns was a different story. Yes they are idiots also but to prevent a collapse of the financial system in this country, it had to be done. I'm not happy about it but being involved in what we're involved in, we should understand the ramifications if the idiots at Bear Stearn were allowed to collapse.
Gov-Stop bailing out idiots, put some responsibility back on the banks and the individuals who created this mess. It's time the Feds stop holding the hands of the morons.
Fiscal responsibility, something apparently the Feds and a lot of this country have no clue about!
Thursday, February 15, 2007
St. Valentine's Day Massacre!
WOW! St. Valentine's Day was the suck. I didn't follow my own rules and it bit me in the ass, again. The big loser was the GBP/JPY long. My cardinal sin-I did not wait for all the signals. I jumped the gun, something I had sworn to never do again. I was sure the pair was going to fulfill all requirements of The Grail and figured I would get a head start, I then changed the s/l hoping to salvage the trade. That was mistake #2. As I have posted before, it is the trader not the system. Stick by the rules!
The one thing I love about Forex is that it is a never ending learning experience. Some lessons are definitely more expensive then others, but always worth the price. Lesson learned. Stick to the system! Lets recap yesterdays events:
EUR/AUD-still going nowhere, a bit in the red but signals still good.
EUR/CAD-After diving, is starting to climb back up, still in red but signals look good.
GBP/JPY- This bad boy did a nose dive after very bad GBP Retail Sales numbers. Hit my revised s/l (stupid move-had nothing to do with system) closing 2 lots for -498. Not good. Lucky for me I was watching this mess unfold. As it blew through the 50% retracement I took a 2 lot short @234.50, closed @ 232.60 when the pair started to stall a bit for +380. End result of this debacle -118 pips. Could and should have been much worse, I was lucky. I was testing a 1 hour strategy and happened to catch it when it broke through the Fibo and was able to get some pips back. as far as The Grail-neither the long or the short was by the book, would have been much better if I had followed my own rules. Lesson definitely learned. See what the system gives, not what you want the system to give.
GBP/USD-I waited for The Grail to give me the signal. Went long 2 lots@ 1.9550 with a tgt of 1.9700. After the US TIC Report at 9:00 am it spiked up and I decided to get out @1.9600 for +100. Called it a day after this trade.
By looking at the end results of the day one would think it wasn't so bad. -18 pips is not a terrible day, but I was lucky. I broke my rules and didn't suffer to much. I shall never break the rules of The Grail again, repeat after me, I shall never break the rules of The Grail again!
One new trade strictly from The Grail- EUR/CHF short@1.6221, s/l 1.6305, tgt pt. 1.6150. Will close 1 lot @ 1.6180 and move s/l to 1.6195. Good Luck!
The one thing I love about Forex is that it is a never ending learning experience. Some lessons are definitely more expensive then others, but always worth the price. Lesson learned. Stick to the system! Lets recap yesterdays events:
EUR/AUD-still going nowhere, a bit in the red but signals still good.
EUR/CAD-After diving, is starting to climb back up, still in red but signals look good.
GBP/JPY- This bad boy did a nose dive after very bad GBP Retail Sales numbers. Hit my revised s/l (stupid move-had nothing to do with system) closing 2 lots for -498. Not good. Lucky for me I was watching this mess unfold. As it blew through the 50% retracement I took a 2 lot short @234.50, closed @ 232.60 when the pair started to stall a bit for +380. End result of this debacle -118 pips. Could and should have been much worse, I was lucky. I was testing a 1 hour strategy and happened to catch it when it broke through the Fibo and was able to get some pips back. as far as The Grail-neither the long or the short was by the book, would have been much better if I had followed my own rules. Lesson definitely learned. See what the system gives, not what you want the system to give.
GBP/USD-I waited for The Grail to give me the signal. Went long 2 lots@ 1.9550 with a tgt of 1.9700. After the US TIC Report at 9:00 am it spiked up and I decided to get out @1.9600 for +100. Called it a day after this trade.
By looking at the end results of the day one would think it wasn't so bad. -18 pips is not a terrible day, but I was lucky. I broke my rules and didn't suffer to much. I shall never break the rules of The Grail again, repeat after me, I shall never break the rules of The Grail again!
One new trade strictly from The Grail- EUR/CHF short@1.6221, s/l 1.6305, tgt pt. 1.6150. Will close 1 lot @ 1.6180 and move s/l to 1.6195. Good Luck!
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