U.S. stocks, struggling

U.S. stocks open mixed, after the strong fall in initial jobless claims and a revision of GDP that matches earlier estimates. Struggling to turn positive, DJIA is 6 points down while S&P is negative 2,5 points. Stocks uncertainty is clearly reflected in majors, that, except for Japanese yen that quickly regain strength, remain trapped in small ranges.

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GBP/USD - Head and Shoulders Neckline Break

Price action on GBP/USD has broken down below the neckline of a rough head & shoulders pattern. This occurs after price previously broke down below a key uptrend support line extending from the March low. The right shoulder of the current head & shoulders pattern reached up to just above the 1.6600 level before dropping below the 1.6265 horizontal neckline just yesterday. For more technical analysis on this currency pair, please click here for Thursday’s (8/27/2009) Chart of the Day.

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The World's Largest Economy Contracts Less than Expected in the Second Quarter!

The U.S. economy continued to contract during the second quarter of this year for a fourth consecutive quarter, however the pace of contract eased drastically from that of the first quarter, as conditions started to improve and several sectors around the economy started to show signs of stabilization.

The U.S. Commerce Department released the Gross Domestic Product Preliminary estimate for the second quarter of this year, GDP contracted by 1.0% inline with the prior contraction of 1.0% reported in the Advanced estimate and better than median estimates of a 1.5% contraction, while the GDP Price index was flat in the second quarter marking a downward revision from the prior estimate of 0.2% and below median estimates.

Moreover, personal consumption declined in the second quarter by 1.0% better than the prior and expected estimates of -1.2% and -1.3% respectively, while Core PCE, the Feds’ favorite indicator for inflation rose in the second quarter by 2.0% inline with the prior and expected estimates.

The economy contracted by 3.9% on a yearly basis, as personal consumption shed 0.69% from GDP, while gross private domestic investments shed 3.20% from GDP, meanwhile the housing sector continued to cut from growth after shedding 0.66% from GDP, inventories shed 1.39% from growth, while net exports contributed with 1.60% to GDP, and governmental consumption added 1.27% to GDP.

The U.S. economy is still on the receiving end of this crisis, however signs of improvement continue to show over the outlook, which suggests that the economy will be able to return back to growth over the course of the third and fourth quarters of this year, however economic growth should remain subdued over the upcoming period, as conditions are still rather challenging.

Rising unemployment, tightened credit conditions, and diminishing households’ wealth continue to weigh down on economic growth in the world’s largest economy, and accordingly the economy is still expected to continue its weakness, as the recovery process just started and it will take some time before the economy returns back to its long term growth potentials.

The U.S. economy will continue recovering, however the recovery will be rather slow and gradual, as economic activity though improving recently yet it needs time, especially as unemployment is still elevated, unemployment is now standing at 9.4% and will probably continue to rise over the course of this year.

Unemployment continue to weigh down on personal income and accordingly consumer spending, and knowing that consumer spending accounts for nearly 2/3 of economic activity in the United States, we should expect economic activity to remain weak until companies start hiring again.

The U.S. Commerce Department released the Initial Jobless Claims for the week ending August 22nd, jobless claims dropped by 10,000 to 570,000 from the prior revised estimate of 580,000 and worse than median estimates of 565,000, while continuing claims dropped to 6.133 million from the prior revised estimate of 6.252 million.

The labor market is still on the receiving end of the worst recession since WWII, as this is the first time the economy had contracted over four consecutive quarters ever since records began back in 1947, and this alone signals that this recession is not your normal recession but was rather close to a depression and the only thing that prevented that from happening was the extreme and rather ingenious measures adopted by the Federal Reserve Bank, so we should give them and their Chairman Ben S. Bernanke the credit they deserve…

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Forex: USD/CHF recovers previous losses and tests 1.0700

FXstreet.com (Barcelona) – After rejecting from 1.0700 to falls close to 1.0660 in the European session, USD/CHF has bounced at this level to rise around 45 pips, test 1.0700 resistance and post 1.0705 as fresh intra-day high.

Currently the pair is trading around 1.0695/1.0705, posting 0.10% daily gains from opening price action.

Valeria Bednarik, FXstreet.com collaborator, comments: “Moving inside a small consolidation flag continuation figure, pair holds the bullish bias in 1 hour charts. Candle opening above 1.0700 should signal further rises in the pair, supported by slightly positive signs coming from indicators. Bigger time frames however, don’t support the view as indicators are turning to the downside. Better upside confirmation will come above yesterday’s high of 1.0712.”

Bednarik, : sharing her today levels“Support levels: 1.0670 1.0630 1.0600. Resistance levels: 1.0710 1.0740 1.0780.”

• USD/CHF

USD/CHF (Aug 27 at 15:37 GMT)

1.0676/84 (-0.07%)

H 1.0704 L 1.066

S3	S2	S1	R1	R2	R3
1.0613	1.0639	1.0666	1.0690	1.0717	1.0743

Trend Index	OB/OS Index
Neutral	Neutral
Data updated on Aug 27 at 15:30 (15-minute timeframe)

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Which is Better, Doubling Stocks Or Forex Easy Cash?

Even though the Foreign Exchange Market is a vast market; with trading that is happening almost anywhere in the world and an open market for twenty fours a day, money in the Forex Market can be easily flown into your account. With the invention of the Forex Robot, traders all over the world can take over these advantages that this software offers. In terms of trading automatically, and forecasting the market trend, the Forex Robot is unfailing with its work and job to satisfy a trader that uses this product. And now, with an added program, the Forex Easy Cash, a trader can now definitely make faster money.

I have been in Forex Trading for more than five years, and always research on something, a software maybe that would help me do my work, with a newly added system in the software, the Forex Easy Cash, I can't help but compare it Forex Robot Doubling Stocks, a program before in the Forex Robot that has been successful over the years.

With different types of Forex Robot, this on, the Forex Easy cash is a desktop-based Forex Robot, which means that, you can use it on just a single computer. You can purchase this online, and download it at your personal computer at home. You can't make use of it anywhere else other than the first computer you downloaded it into; however, you are confident enough that it is ultimately secure. You should never compromise the security of your Forex Robot, so that not a worm can ruin your successful trading.

Just like any other Forex Robot, the Forex Easy cash can do automatic currency trading for you, but in this case, its systems have been simplified, letting you operate on it easily. It would allow you however to make income easily, you can let it run for itself, making you wait for your passive income to flow in. It would be now easier for you to maneuver over this Forex Easy Cash. With the same other features like, it can forecast market trend, this Forex Easy Cash robot can be utilized to its maximum advantage, it would signal you when to enter a trading, or exit an investment with great precision. I, myself see this Forex Easy Cash as a very simple software, with all my experiences in currency trading I would greatly recommend this to any trader, to a newbie or to a more experienced trader.

The Doubling Stocks however is used to level up or advanced your Forex Robot. It is not software which you can download. It would not trade automatically for you; Forex Robot software would do this for you. The job of the Doubling Stocks is to email you about the market trend in such a way that it precisely predicts the Forex Market trends. By this way, you can now trade manually, with the data on hand brought by the Doubling Stocks. It was developed by Goldman & Sachs, with its highly skilled teams and software analysts with the help of course by some of the best traders.

To summarize things up, the Doubling Stocks only tells you about the current Forex Market Trend in its most precise prediction, it is all up to you to do the trading, and it is by your discretion if you would follow the Doubling Stock's forecasting that was emailed to you. On the other side, the Forex Easy Cash do the automatic trading for you, with now easy to understand software system, plus it is all up to you to create your own Forex Signals. In the end, these Forex Robots are here to help you with your work as a trader, it would aid in making money easier, whichever you us, be guaranteed that this software program would never fail you, it is up to you to decide what product you would use.

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Forex Trading is a Fantastic Way to Earn an Income From Your Computer

Forex trading can be your gateway to financial freedom if you take the time and put in the effort to acquire a firm grounding in the basics. If you go into a trade ill-prepared just because other people are trading, you are bound to lose your shirt.

There is money to be made through forex trading, that is for sure, but you must do your research and be ready for it or you'll lose money and time. You have to account for a lot of factors ahead of trading because there can be a lot of money riding on that position.

Many retail investors have jumped aboard the currency trading boat thanks to it being opened up to the general public thanks to the internet.

According to statistics provided by brokers, a large majority of trader never succeed in forex trading, often losing all of their capital with the lucky ones among them breaking even. Only around the top 5% are able to work the system for consistent and ongoing profits.

This goes to show that making money on the forex market is no easy task. Successful traders have to instill an attitude that enables them to objectively look at the situation of that trading day. If a trader gets cocky and believes he has figured out the market, then that is usually the beginning of the end of his career.

The forex market is an ever-changing, highly volatile and unpredictable environment. You are unable to enter and exit the forex market at the same time. The only way to add any kind of predictability is by utilizing the services of a forex trading robot.

This automated software will give you a fighting chance of forseeing the market's movement over a certain time period. With the feedback from this software, a trader is able to open a position on a currency pair with the robot taking over the monitoring of and if need be the closing of the position.

Not using a stop loss is a cardinal sin in trading and must always be implemented to minimize potential losses. Having this automation in place allows the trader the freedom to leave his computer and do other activities with his time.

Automated trading software will certainly be to your benefit, but be sure to review various ones before purchasing. If you find several that meet your requirements and your budget permits, then get all of them.

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Commonly Overlooked Ideas That Are Pertinent To Forex Money Trading Success

Forex money trading certainly is not as simple as it seems. For sure, whenever you hear about other traders who are succeeding in generating profit through Forex trading, you could not help but wonder how you could do likewise. Often, you surely scout the market and ask experts about possible trading secrets you should know about.

You certainly are already familiar with the usual and logical tips being run to help you succeed in Forex money trading. You might not be aware but some of the most important ideas you should take note of are often overlooked and ignored. Here are those ideas you know but probably have not thought about.

Do not rely on others’ opinions

As a Forex money trader, you could be always listening to experts’ and brokers’ advice, analysis, and recommendations. This could be safe if you are sure the expert is always accurate and correct in doing analysis. Otherwise, you should not continue the practice.

Be discerning when listening to opinions. Your colleagues’ and peers’ views could not be reliable as they might not have done enough research to come up with such perceptions. Trust your own voice, especially if you are confident about the analysis you make based on accurate and updated data.

Do not share your strategies

It could be considered a mortal sin in Forex money trading to discuss your trades, strategies, and system with any other else. This could be for your own confidentiality and for the overall security of your investments.

It is also not healthy to harvest much negativity and criticisms from others. A colleague may be too critical about your strategy that you would immediately feel the need to enter into an unnecessary debate. Not even your family and friends should hear your Forex trading positions unless you really aim to be bombarded by negativity.

Social trading

Take Forex money trading seriously. It is not advisable to indulge in alcoholic beverages while trading. Some traders do this especially as they trade comfortably at home. Combining leisure and business could be cool and fun, but it may not be profitable.

Also remember that alcohol has effects on your thinking and judgment. Under the spirit of beer or wine, you may not be able to resist an extremely tempting trade even if the pitfalls and risks are obvious. Being drunk brings about an unlikely level of confidence in people.

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