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EuroCrisis a Warning to USA

admin — Mon, 21 May 2012 11:30:50 +0000

According to the graphic, data from the International Monetary Fund’s World Economic Outlook show that in Y 2011 the United States, at the federal, state and local levels spent $20,000 per person, considerably more than Portugal‘s $10,200, Greece $12,500, Spain’s $13,100, and Italy’s $16,900, all 4 of which are countries with large deficits that currently face, or are already in recession.

A spokesman for Senate Budget Committee Republican staff said that the need for a budget is reaching a fever pitch.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Article source: http://www.ibtimes.com/articles/343274/20120521/eurocrisis-warning-usa.htm

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US Fed May do the Twist

admin — Mon, 21 May 2012 11:30:48 +0000

US Fed May do the Twist

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By contrast, the Fed’s 2 rounds of large-scale asset purchases (QE) expanded its balance sheet by a total of $2.3-T. The 2nd round, amounting to $600-B and announced in November 2010, sparked the harshest political backlash against the Fed in 30 yrs.

Republicans, including House Speaker John Boehner of OH, sent Mr. Bernanke a letter saying it risked accelerating inflation, weakening the USD and fueling asset bubbles.

Consumer prices as measured by the personal consumption expenditures index, the gauge preferred by the Fed, rose 2.1% in March from a year earlier, close to the central bank’s 2% inflation goal.

The Fed has already shown itself to be sensitive to political criticism by choosing to do Operation Twist which did not provoke the same type of backlash.

Stocks and bond yields have slid since the central bank’s most recent meeting on 24-25 April renewed fears that Europe’s debt crisis is worsening and as data pointed to economic weakness in the US.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

Article source: http://www.ibtimes.com/articles/343276/20120521/fed-twist.htm

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EU Morning Report- Euro rebounds but still under pressure

admin — Mon, 21 May 2012 11:30:47 +0000

EU Morning Report- Euro rebounds but still under pressure

By Easy-Forex

May 21, 2012 7:23 AM GMT

The euro (EUR) edged higher to 1.2812 rebounding from a four-month low at 1.2641 against the US dollar. The single currency tumbled on Friday on concerns over Greece’s political uncertainty as well as growing instability in the Spanish banking sector. European leaders of G8 met during the weekend to discuss steps needed to fight Europe’s debt crisis and reaffirmed the importance that Greece remains in the eurozone. G8 leaders also focused on ways to stimulate eurozone growth but no detailed plans on how to resolve the problems were announced. But the single currency remains under pressure as investors are worried about a messy Greek default and exit from the euro ahead of a repeat election in June 17.

The US dollar (USD) stumbles against a basket of currencies as sentiment in the market stabilizes. Versus the safe haven Japanese yen (JPY), the greenback edged lower to a three-month low at 78.98 on Friday from 79.46. Investors are closely watching for any signs about an intervention by the Bank of Japan to stop the yen from rising further.

The British pound (GBP) slid to a two month low against the greenback on Friday as the UK economy remains vulnerable to the eurozone deepening problems. The pair rebounded from 1.5732 to trade at 1.5839 at the start of the new week. Sterling weakened following last week’s Bank of England inflation report which downgraded growth forecasts raising expectations about further quantitative easing. BoE’s Adam Posen said he is less optimistic about the UK economy than he was last month when he took his vote away for further asset purchases.

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Oil rose to 98.16 dollars a barrel from 95.06. Gold (XAU) rose to 1599.28 dollars an ounce from 1567.74 and against the euro it jumped to 1246.54 from 1239.64. Silver (XAG) advanced to 28.90 dollars an ounce from 27.80. Stay in tune throughout the day with !

Please note that forex trading (OTC trading) involves substantial risk of loss, and may not be suitable for everyone. The information provided is based on data generated by third party investment research providers. easy-forex® does not assume any liability as to the accuracy of such information. This information shall be used for reference only and it is not binding on easy-forex. This is not an advertisement or a recommendation by easy-forex in engaging / binding you in any forex transactions.

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Article source: http://www.ibtimes.com/articles/343280/20120521/eu-morning-report-euro-rebounds-but-still-under-pressure.htm

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USD/CHF: ADX/DMI Signal: Buy at 0.94007

admin — Mon, 21 May 2012 11:30:45 +0000

USD/CHF: ADX/DMI Signal: Buy at 0.94007

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Risk Management:
We place our stop at the low of the bar, where the DMI lines have the crossover.
Money-Management:
For each trade I risk LESS THAN ONE PERCENT.

Exit:
We look to exit the trade only when the ADX line starts to fall down.

Disclaimer:
There are potential risks relating to investing and trading. You must be aware of such risks and familiarize yourself in regard to such risks and to seek independent advice relating thereto. You should not trade with money that you cannot afford to lose .The content of this website should not be construed as a solicitation to invest and/or trade. You should seek independent advice in this regard. Past performance is not indicative of future performance. No representation is being made that any results discussed within the service and its related media content will be achieved. All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as Foreign Exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated. Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available to educated and experienced investors who are willing to take above average risk. Past performance does not guarantee similar performance in the future.

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Article source: http://www.ibtimes.com/articles/343281/20120521/usd-chf-adx-dmi-signal-buy-0.htm

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What is Money? A study on money

admin — Mon, 21 May 2012 11:30:44 +0000

What is Money? A study on money

The Discussion is about money, not the best version

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This piece is not going to be a debate about electronic money or paper money versus gold or silver. This paper will be about what money means, whether it is gold or paper or electronic. And we will discuss the spiritual meaning of what happens when money is abused to people who work for money, and surely for savers who worked for money and saved money and then find its value falling later. In a nutshell spiritually, abuse of money is theft.

We also want to discuss markets and stocks and bonds, and interest rates, in effect allowing people to accumulate other assets, or savings of other people, by borrowing money. That becomes a big rat’s nest of skullduggery which the world is now trying to unravel. Read – debt crisis and deleveraging.

What money buys

Ok, so we can agree that money is earned when people work. Also, money can be directly tied to assets such as oil. And money can be used, by definition, to buy things, which required work to make and resources…hm now we are including natural resources into the picture.

At such a point here, we can then say, well then oil is money? Sure. Although try going to a supermarket and buy groceries with 50 gallons of crude oil…that’s a problem.

Ok so continuing, money buys things that require work. But money also is a transferrable unit of work too. That is what makes it useful. Now some people will call me a gold heretic here, but here we go, I submit that paper money is easier to use for transactions to buy things than gold is. So a very important characteristic of money is ease of use.

And in that case, I will go further and say that electronic money is the easiest to use of all. And in a way probably more safe, at least from thieves…certainly a practical consideration… let’s be fair here.

But if that is true, that paper money is easier to use than gold coins, which I say is true (as long as the currency is not collapsing!) then the key issue here is not to abuse the paper money. Obviously. Don’t print too much. Of course, this is the final end of all paper monies in history, not one to my knowledge has ever lasted for long.

But abusing printing of money (or electronic printing) is more of a political problem than an intrinsic problem. Of course, you can codify money as only gold and silver coin, but governments rarely hold to that. You know that.

Article source: http://www.ibtimes.com/articles/343309/20120521/what-money-study.htm

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USD/JPY Commences The Week With Slight Recovery

admin — Mon, 21 May 2012 11:30:40 +0000

USD/JPY Commences The Week With Slight Recovery

On the 1 hour chart the downward channel is on hold, while on the 3 hour chart the downward channel looks good. Break above Friday’s top and nearest resistance 79.46 would encourage further recovery of the Dollar. Immediate support is Friday’s bottom at 78.79, and consistent break bellow it could strengthen the Yen further down towards next target 77.88.

Today are Japan Leading, Coincident indicators composite, and All industry indexes, at 5 and 5:30 GMT respectively.

Quotes are moving above the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term bullish and medium term neutral pressure. The value of the RSI indicator is positive and declining, MACD is neutral and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.

Article source: http://www.ibtimes.com/articles/343316/20120521/usd-jpy-commences-week-with-slight-recovery.htm

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