Forex Trading: Market has quieted down as stocks get ready to open The market has quieted down as the stock market gets ready to open. The dow futures are up 82 points. Oil is at $120. At 10:00 AM we get the only piece of economic data before the Fed, when the ISM Non Manufacturing data for...

Forex Trading: AUDUSD pressured after rate announcement As previewed in our daily preview of Key Releases video for today (see video by clicking here), the comments from the RBA were indeed more dovish:. ``With demand slowing, the board's view is that scope to move towards a less restrictive...

Bobby's Corner Market Open 8.5.2008 Good Morning:. The dollar traded higher ahead of today’s FOMC rate decision. Speculation is that the FOMC will leave interest rates steady this afternoon. read more. Go to Full Article

Forex News Preview: FOMC Statement on Interest Rates due at 2:15 ... read more. Go to Full Article

Forex Trading News: Aussie Slides vs. the Greenback The AUD hit a 4 month low vs. the USD, falling down to 0.9175 during the overnight trading sessions. Comments from the Australian Central Bank confirming views that they are open to an interest cut along with a significant drop in ... Go...

Forex Trading News: EUROZONE Retails Sales Out As Expected The EUROZONE Retail Sales data comes out at -0.6% as forecast from the previously revised 1.1%. The EUR did not react much to this release. Go to Full Article

Forex Trading - USD/CHF Holding the Channel North In the USD/CHF channel we have been examining since the lows made just above parity in July, we notice the channel has held all the major moves to the upside as the USD has strengthened with oil prices falling and a relative lull in ... Go...

Do They Teach Politicians Economics? I ask this question with a straight face. I ask because selling 70 million barrels of oil via a oil swap program amounts to introducing 3 1/2 days worth of supply into the marketplace, via a mechanism that can only release 4 million ... Go to Full...

Stock Picks And Trade Ideas For Tuesday - TRN, ESLR, TTEK, SBUX Chart courtesy of stockcharts ( click to enlarge ). Starbucks (SBUX) - The stock closed below its 20-day simple moving average at $14.49 again. Generally this is a bearish indication. In this new downtrend, the stock may find...

When An ETF Shuts Down, You Don’t Have To The exchange traded fund (ETF) is an invention that is a boon to most investors. But as something grows, naturally there are going to be discussions about whether it’s too much, too fast, too soon and so on. As ETFs explode in number ... Go...

Windfall Profits Tax: It’s What They Do In Venezuela In other words, a windfall is nothing more than a profit earned by a business that some politician dislikes. And a tax on that profit is merely a form of politically motivated expropriation. It’s what politicians do in Venezuela, ... ...

ABB Well-Placed To Provide Renewable Energy In China We’ll see if 8 is really China’s lucky number when the Olympics begin this week on 8/8/08. As it happens, in the mad dash to get ready for the games, China’s energy problems are catching up to it. Here’s how you can play Chinese ... ...

US Stock Market Summary: Looking To Fed’s Rate Decision I’ve been rereading one of my favorite novels, “Atlas Shrugged,” and I came across a passage that made me think of the stock market. Well, not just the market, but the whole economy. One of the main characters is recounting a...

Are We Counting Energy Chickens? As oil prices continue to decline many analysts are trumpeting their beliefs that oil prices were a bubble. I say what we had was a spike in energy prices that brought us tomorrow’s prices today, and that you can’t start celebrating ... Go to Full...

Why I Like American Express Over the last couple of weeks, American Express (AXP) has become a favored whipping boy of the financial shorts, as they point to the company’s recent bad quarter and exposure to consumer credit as reasons the stock will continue to ... Go to Full Article