All Posts (10731)
Sort by
bullish engulfing candle printed but remains within the resistance Zone @ 6060 !!
oil and euro remain below recent resistance @ 1.4 and $92 respective. These instrument must break higher to propel the FTSE 100 higher ..............and vice versa hold true too !!
China makes a very good argument for not allowing their currency to float openly. First, the Chinese own nearly $1 trillion of U.S. Debt. Second, the Chinese continue to state that the Federal Reserve Bank continues to try and drive the U.S. Dollar lower by creating massive cash reserves via quantitative easing and U.S. debt purchases. This time around the United States politicians that want China to float their currency seems to be stuck between a rock and a hard place. It is important to remember that American consumers buy most of the products that the Chinese make. If the Chinese currency becomes more expensive their products would become more expensive in the United States. At this time it really looks like a stale mate between the U.S. and China when it comes to trade policy. Both countries seem to need each other. The Chinese need to sell their goods to the United States. The United States needs China's cheap products and they also need China to continue to fund the U.S. debt which is now $14 trillion.
This morning the U.S. Dollar Index is declining again by 0.42 cents to $78.91. Last week the U.S. Dollar Index Index declined by over 2.00 full points. Folks, that is a lot of meat and potatoes in the currency world. Since 2001, the rallies that have occurred in the U.S stock markets have taken place on the back of a declining U.S. Dollar Index. In 2001, the U.S. Dollar Index traded as high as $121.03. Investors can trade the Powershares DB U.S. Dollar Index Bullish Fund(NYSE:UUP) if they believe the dollar will increase in price. Investors can also trade the Powershares DB U.S. Dollar Index Bearish Fund(NYSE:UDN) if they believe that the U.S. Dollar Index will decline in price.
Through all this mess of earnings, economic news and Federal Reserve propping, the markets are holding slightly higher with a weak Dollar. All eyes are now on earnings and will react accordingly. To gain more analysis, guidance, swing trades and education, join the Research Center.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
1. U.S. Data
2. Chinese Data
3. Eurogroup / Ecofin Meeting
http://www.fx360.com/commentary/kathy/4781/forex-3-potential-disappointments.aspx
This weekend the People's Bank of China(Chinese central bank) raised bank reserves by another 50 basis points. This is the fourth increase in bank reserves in just eight weeks. China has only increased actual interest rates by 25 basis points once over the past year. It is important to note that China and most of Asia are now facing very high inflation. China is also raising bank reserves to try and fend off an extremely hot real estate market. Traders should now keep a close eye on the iShares FTSE/Xinhua China 25 ETF(NYSE:FXI) as it could come under pressure when the markets open in the U.S. tomorrow morning. Last night the Shanghai Index closed lower by 3.03 percent.
Apple Inc.(NASDAQ:AAPL) Chief Executive Officer, Steve Jobs, said he will be taking a leave of absence for medical reasons. Two years ago Steve Jobs temporarily stepped down from the position to undergo a liver transplant. Apple Inc. stock is currently trading at an all time high of $348.48 a share as of the close on January 14, 2011. Apple Inc. now has the second largest market capitalization in the stock market at $321 billion and only trails behind Exxon Mobil Corp.(NYSE:XOM) which is $392 billion. The last time that Steve Jobs took a medical leave the stock suffered briefly before rebounding. Apple Inc. is scheduled to report earnings on January 18, 2011 after the closing bell. Shares in the tech giant could be under pressure tomorrow when trading resumes in the Unites States.
vader7x
http://chart.ly/mut8qkj
LONDON (MarketWatch) — Apple Inc. Chief Executive Officer Steve Jobs announced Monday he will take a leave of absence to focus on his health, the second time in two years that the business legend has stepped aside from the stock market darling.
http://www.marketwatch.com/story/apple-ceo-steve-jobs-to-take-medical-leave-2011-01-17
Many mental health professionals define an "uncertain" condition as being stressful. Uncertainty occurs because of too much information or because of too little capacity. The very fact that we cannot deal with available information is stressful.
Available trading information far exceeds one’s capacity for making basic trading decisions, so one can only attend to some of this data. Limited capacity is a major factor in trading success and in understanding stress.
Three factors are essential to successful trading:
1. a healthy psychological profile,
2. the ability to make accurate decisions from a large amount of information, and
3. money management and discipline.
A weakness in any of these areas reduces one’s capacity for processing information, resulting in stress, poor trading decisions, and losses. Losses, in turn, can produce stress, resulting in more losses. Readers who have taken the Investment Psychology Inventory Profile™ may recall that their test results were split into these three major areas.
A Healthy Psychological Profile
A healthy psychological profile might easily encompass all aspects of trading. However, certain psychological characteristics appear distinct from decision making and money management.
Everyone has a different set of past experiences. As a result of those experiences, one develops certain attitudes toward life. These attitudes may be open or restrictive. Open attitudes produce growth, encompass change readily, orient people toward self-improvement, and produce happiness and success. The successful trader, for example, might describe himself as follows:
I enjoy life to the fullest. I am constantly exploring new ideas, visiting new places, experiencing change, and having fun. I try to get everything I can out of life, and I eagerly look forward to each day.
I am in the best of health because I eat proper foods, get plenty of exercise, and sleep well. I am never overly stressed because I do not feel pressure—only challenge.
Although an open attitude is not essential to trading success, most successful traders are quite open. An open attitude will help a trader in the market because it enhances information processing capacity. Although the successful trader still has a limited capacity, his attitudes toward life keep his capacity at the highest possible level.
The losing trader, by contrast, often has a closed attitude toward life. Part of this closed attitude includes a number of defense mechanisms against winning, such as the fear of success or the fear of failure. Any form of defensiveness results in isolation, building protective walls, and resisting change. Consider the following statements that a losing trader might use to describe himself:
I am really unlucky. Every time I try to trade, something goes wrong. I end up losing. Other people make it impossible for little guys like me to be a winner. Perhaps that is why I am so depressed all the time. Money sure has been my downfall.
Trading is very stressful to me, perhaps because I worry about what will happen all the time. But I also worry about what will happen if I get out of the markets. I’ll probably never be able to get ahead in life.
The losing trader has closed himself off from the world. Some information still gets through, but it is all darkly colored by his restrictive attitude. His closed mind severely restricts his capacity for dealing with information, and he feels "stressed."
This is only a brief introduction to this concept. To learn more about the relationship between stress and capacity, and how this relationship affects you as a trader, refer to Chapter V in Volume Two of the Peak Performance Home Study Course for more
FX360 FX360
Boris: Euro Tumbles as Germany and France Disagree on EFSF - German Finance Minister Wolfgang Schauble stated that h...http://ht.ly/1aTPRu
MFGlobalMarkets MFGlobalMarkets
Day trading depresses China's market 3% http://bit.ly/f3FpFx
