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September CA Foreclosure Report
Due to the new CA Law, BS 1137, Notices-of-Default (foreclosure starts) and Notices-of-Trustee Sale (2nd stage of foreclosure) plunged in Sept. In a nutshell, this law put a few extra steps on the banks prior to filing a NOD and NTS. ...
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Forex Trading: Dow is now up. Microsoft may pursue Yahoo parternship.
In what is bordering on lunacy, there is a report that Microsoft may pursue Yahoo partnership. As a result, Yahoo has rallied 13% on the news and the entire stock market moved up as well. The EURUSD moved up because the...
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Forex News. Crude oil inventories are up 6.2 million barrels
CRUDE Inventories: +5.6MV +2.5M expected GASOLINE: +7M versus +3M expected; DISTILLATES: -453K versus +500K expected; UTILIZATION: 82.2% versus 83.7% expected. Oil has sold off on the number. Crude oil down $3.17 not to $71.
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Forex News: OPEC has moved meeting up to October 24th from ...
The price of Crude Oil has dropped from $146 to $72.67 currently. This is a 50% decline. The price is at August 2007 levels.
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Forex Trading: EURUSD pressured below range support
The EURUSD moved below the support level at the 1.3440 level (see previous chart). Are we going to trend lower or continue to consolidate? If the pair moves back above the 1.3440 level, it is back to the drawing board. ...
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Forex News: Philly Fed Index falls sharply.
The Philadelphia Fed Index, the second of the regional indices, plunged to -37.5 from +3.8 last month. The expectation was -10.0. The component pieces are showing a quick and sharp decline in economic activity. ...
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Forex Trading: Intermediate Term moving averages converging ...
One aspect of being a successful trader is understanding the type of market we are in. Specifically, is the market trending or non-trending. If you are able to anticipate a trending market, oversized gains can be achieved for...
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Forex News: US Industrial Production and Capacity Utilization come out
Industrial Production fell by 2.8% for the month of September. This was much loweer than expectations and the largest decline since 1974. The Hurricanes and aircraft strike along with the credit crunch formed the perfect...
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Forex News: US CPI comes out a touch softer
The MoM came out at 0.0 and up 0.1 ex food and energy. The YoY moved to 4.9% from 5.4%. This was 0.1% weaker than expectations. The Core YoY stayed at 2.5% versus 2.5% last month. As mentioned earlier, the CPI inflation is not a concern ...
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Forex News: Initial Claims lower than expectation. Continuing ...
The Initial Claims declined to 461000 from a revised 477000 last week. This was lower than expected suggesting that even though the economy is weakening, we have reached a new equilibrium level. Although Initial Claims are...
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Forex News: US Initial Claims to be released at 8:30 AM EDT
Iniital Claims are due at 8:30 AM EDT. The expectation is for a decline on the week to 470000. This is down from 478000. The Initial Claims are the most recent look at the US employment. With the economy slowing do not be surprised...
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When you don't want to take a loss you take a big loss
It all started nice with me trading with half size. I pick a spot that gave me nice profit at first, looking like the uptrend is failing. Then suddenly it turned and fly higher and I didn't get out. I add another half size short. ...
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Swing trading practice
I approached today market with swing trading and half size trades. Before Europe trading there was strong trend up in eur/usd, after that in early EU range developed. When that range broke to the downside I decided to dip my toe on idea ...
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October 16 market commentary and technical levels
Thu, 16th of October, 2008 By Setyo Wibowo (analyst@fxinstructor.com). EURUSD Outlook After 2 days of limited bullish correction attempt, yesterday the Euro slumped against Greenback. The pair bottomed at 1.3448 and closed at 1.3461. ...
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Live Trading Room Daily Recap - October 15, 2008
Hi there fellow traders! Herewith is my daily video recap for October 15, 2008, in which I discuss what happened on the market today, in our Live Forex Trading Room. http://www.youtube.com/watch?v=UxZEIPk5fHE ...
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