The Brief Daily Forecaster 30th September 2008 DAILY ANALYSIS FOR USDCAD Bias: While 1.0409 supports I still see potential for 1.0513 and 1.0558 Finally we get a break above 1.0398-06 which generated the advised reaction to the 1.0471-86 area. This does seem more likely to see...

GFT Daily Market Commentary Forex Market Commentary for September 30, 2008 by Cornelius LucaGFT Daily Market Commentary The appetite for risk imploded on Monday after the House of Representatives unexpectedly rejected the $700 billion TARP and the S&P's 500 Index tumbled the most since the...

Bailout Plan Fails to Impress, Traders Worried More About Dominoes ... The Congressional agreement of the $700 Billion bailout plan has proved to be anti-climatic for the stock and currency markets. There was a relief rally in the US dollar Sunday evening, but it lasted for no more than a...

European Bank Bailouts Sends the Euro and Pound Plunging As of 8:30am ET, the Euro has dropped as much as 300 pips against the US dollar while the British pound has dropped more than 400 pips intraday. A bunch of European banks have gone belly up, proving that they too are not immune to the...

What a day First I had nice scalp after gbp/usd news time and I got 20 pips out of it. From Monday Asia open gbp/usd was -400 pips at that time. Than on the wings of my gain I decided again to take a long after it fell back. ... Go to Full Article

Panic Sell-Off On Wall Street: Trade Ideas Hi Folks !!! Another ugly day for longs. The financial-rescue plan intended to restore confidence in the US banking system collapsed in partisan wrangling as the House of Representatives voted down the proposal backed by the Bush ... Go to Full...

How Oil is Actually Priced: Be Worried A recent article published in the Asia Times by former oil market regulator Chris Cook and posted below argues that all oil prices take their clues from the Brent spot price, a price that could be easily manipulated. ... Go to Full Article

Some Shorting Ideas As We Enter The Third Leg Of The Bear Market WHAT A DISASTER! The Dow dropped 777.68 points or 6.98%, the Nasdaq dropped 199.61 points or 9.14%, and the S&P 500 dropped 106.59 points or 8.79%. Today was the Dow’s largest one-day drop, EVER. Oil dropped $10.52 or 10.1%...

Looking For ETF Opportunities In Gold, Treasury Bonds Smart exchange traded fund (ETF) investors not only look for opportunities in areas that are currently moving up, but they also look for opportunities that may develop in the future, long before they’re actually here. ... Go to...

What Are Currency Swaps? I got interested in the headlines this morning that talked about the Federal Reserve injecting $600bn into the Global markets this morning. The $600bn number did happen to grab my attention because, if I recall correctly, ... Go to Full Article

New Banking Data: Where’s The Credit Crisis? Total Bank Loans and ... New banking data were released today from the Federal Reserve on bank loan volume through September 17 (for weekly data and August for monthly data), showing that “Total Loans and Leases at All Commercial Banks”...

Avoiding A Recession Without The Bailout Bill The critical issue is whether main street businesses that rely on credit to fund their operations will be cut off, suddenly, from credit. A sudden cut-off of credit to otherwise healthy companies would trigger a severe recession, ... Go to...

It Is A Surprise That The Bailout Plan Fails To Pass The House Graphic courtesy of the WSJ. From the WSJ:. WASHINGTON — The House of Representatives delivered a stunning defeat to legislation designed to rescue the nation’s troubled financial system, sweeping aside a call from President...

Dow Suffers Its Worst One-Day Loss Ever On Bailout Vote Rejection NEWS: The Dow (^DJI) suffered its worst one-day point loss ever, down 777 points or 7%. The S&P 500 (^GSPC) took an even bigger hit, dropping 8.8% or 106 points. The NASDAQ (^IXIC) plummeted 199 points or 9.1%. ... Go to...

Stock Market Summary: Shorting Ban In Place Means There Isn’t Much ... The markets gave a Bronx Cheer to the bailout proposal “before” there was even a congressional vote today. After the vote failure the ongoing sell-off intensified. My understanding, based on news reports, is that...