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YES YES!! I Have OFFICIALLY Endorsed the Forex Detector!

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Yes, and I have been away at my woodshed coming up wtih excuses for why I need to recalibrate my content mix and make GoForexTrade.com a superblog, and really engage everybody’s attention forth with this valuable wealth, a foundry of all things currency knowledge and such.

You see, this is all good, and to get to the real topic of today’s blog! In the weekend previous to this week, I have been working on a new campaign for GoForexTrade.com. One of them is having another endorsement deal. I am proud to announce, that we are endorsing the Forex Detector.

The Forex Detector, made my the same folks who have built the award winning Forex Funnel and Forex Tracer systems, have finally a designed a system that I would gladly speak about.

For the longest time, I have tested systems all over the place, from Moving Average Crosses, to EMA band ranging and MACD 12/26/9 type cross systems, to even a Candlestick trading system, that just really did not make the grade.

Come to think about it, I find out about the Forex Detector and was told about the abilities that this system would have over any other Expert Advisor that I have seen already. The only reason why I have heavily promoted The Funnel and Tracer systems, was because of their great build quality, excellent customer support and a 60 day guarantee that back their product or your money back!

The only way you are able to get me to speak about a system this highly was if it was my own programming and configuration. But I was so convinced that the Forex Detector and it’s complex algorithm processing with multiple pass trade sequences, that I decided to make a special site, showcasing the Forex Detector and a special for my readers here at GoForexTrade.com!

You can see more about this wonderful software program at ForexDetectorSpecial.info

Japan Enters Recession - Automaker Rescue Probable?

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Today, is the day of reckoning for Japan’s economy. With the economy shrinking and companies shrinking budgets, profit outlook, and layoffs, Japan is now technically in a recession.

Japan’s Quarterly GDP contracted at -.1%, a sure sign that the economy is going in the opposite direction. The annual GDP shorted 1.6% from last year, but the economists had pinpointed it right on the nose. Tertiary Activity has also fallen .6% too.

So, not only the big news in Wall Street is not only the bailout fiasco with Hank Paulson, but also overwhelming concerns for the auto industry.

The Big Three are getting their asses handed every which way, and on the very reality that they might not be around much longer. Washington as of now is debating a $25 Billion care package to “save” the car industries, jobs, and anything else related to automobiles. Of course there isn’t any rescue package without conditions, and Washington would like to push the Big Three to start rolling out more efficient automobiles and also take care of immediate issues within. Possibility that CAFE standards will be interwoven into the rescue deal?

Well, let’s only hope for the best outcome, because of the multitudes of jobs that are on the line.

On news of this company and that organization laying off people left and right, we can safely say, that the US is in a recession, which probably could be cycled out within a year or two. The real possibility of the US falling into depression is what scares me.

George Soros, mentioned late last week that everybody is at high risk of falling into a depression. The problem with the depression issue, is that despite the government interventions, “new deals” and certain care packages that are issued, a depression can really rob some time from us.

The great depression started with Black Monday 79 years ago in 1929. The worst of the effects were not really felt until a few years later, and didn’t fully recover until a decade later in 1939, when Europe went to hell in a handbasket with World War II.

Let me fill you in on what you should know for Forex Market related news today:

For one, keep in mind that traders will keep heavily in mind the USDJPY and EURUSD. So far so good for the USDJPY, as there was a small upspike within the 96 yen range. Nothing though compared to widespread blowout that was experienced when the US Federal Budget Balance was an Epic Fail late last week.

The EURUSD will keep their eyes peeled on the Trade Balance announcement, which they expect a deficit of 5.7 Billion.

For the United States, Henry Paulson is going to blow the usual hot air and discuss the bailout in doomsday style commentary. Capacity Utilization, Industrial Production, and Empire State Manufacturing will be the big news shots for the day.

Keep your chin up and Trade on!!!

Tom Howell
GoForexTrade.com

P.S. You haven’t checked out the Forex Funnel lately? Why haven’t you? An automated trading system that masters the price actions of the USD/JPY and makes the most pips out of any USD/JPY Expert Advisor. 60 Day guarantee says you are satisfied!!! Check Out What You Are Missing! Download TODAY!!!

Ok, so don’t write off the day yet then! Dow soars back up?

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Ok, so about an hour or so after I threw up a blog about how the Dow is tanking, now the resurgency in buying has to occur, lol!

The Dow now has jumped back to even, and pushed upwards 120+. Oil has shot up to around $58.00 as well in NYMEX’s electronic trading.

Just when you think the market is going to nosedive, what happens? The buyers come in droves and start rallying the markets!!!

BREAKING NEWS!

And as the news is reported with the US Federal Budget Balance along with anything that might of been said by ECB President Trichet. I just opened a EURUSD trade, and looking on all indicators, I could see that the Euro will resurge past $1.26 before slightly coming down for the usual retrace.

TRADE ON!!!

Stocks Free-Fall Jobless Claims up high, Soros: Depression Possible

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Well, what a sun shiny clusterfuck of a day this is turning out to be!

The weather really sucks outside my office window, and Wall Street’s financial weather is just not bright period!!!

Wealthy London Bank Breaker, and Bush Basher Extraordinaire George Soros is now waving the depression flag, scaring the crap out of Main Street, and making the Doomsdaysayers bask in pure euphoria. Soros spoke on how a bad recession is inevitable, and that a depression is possible. Also look out for those hedge funds, as Soros has said that they are about to fall out as well!

As of right now, lunchtime in the US is looking at a 276 point drop just to barely hover over 8,000. Remember, the day isn’t done yet, as we have three hours left in the NY trading day.

Crude Oil Inventories evened out to zero in consumption/surplus levels. The Nymex is currently trading at $55.62, falling under $56.

Trade Balance is as bad as the experts expected it would be. A figure of -$56.5 Billion is not as bad as the previous decline, but negative reports are never good, especially in this market.

Jobless Claims, have upspiked 32,000 to 516K, which nearly resembles the claims we have last seen in the aftermath of the 9/11 attacks. And this is not the bottom of the barrel folks! More layoffs are happening as companies are cutting profit forecasts and even some companies are folding.

Consumer Electronics are hurting BADLY:
Circuit City, a long standing Consumer Electronics chain, was just recently Pink Sheeted, and went into chapter 11 bankruptcy. Best Buy cuts their profit forecasts for 2009 and is expecting a horrific holiday shopping season. Expect shopping bargains for those who have money left.

Forex News: Let’s talk about some currencies!

EURUSD: As of right now, after meandering a bit around 1.25, the euro is currently going sideways around 1.2458. Jean Claude Trichet, European Central Bank’s president is expected to speak shortly, so this shall fluctuate a bit.

USDJPY: Coming from red number night on the stat sheets, the Sushi is dipping at 95.21 from a recent sideways resistance of 96.15. This is following a huge decline from around 97 yean a couple of days ago.

TRADE ON!!!!

BTW: If you haven’t tried the Forex Funnel, then you are losing out on trades that you might have missed in the USDJPY!!! Capture each move that the USDJPY makes with the automated expert advisor everybody has been talking about!!! Get your copy of the Forex Funnel Today!!!

And Now a Word About Forex Funnel - Trading with robots

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Using Forex Funnel as an automated trading software is great for those who:

1. Are a novice to trading currencies and would like a great software program to get their confidence in forex trading on the up and up.

2. Good for those who are already experienced with forex trading, but want another virtual hand in the operation making some positive trades and collecting the pips the expert trader might of overlooked.

3. Use Metatrader 4 as a trading platform, and want to expand greatly on the functionalities of expert advisors, the automated trading robots that makes well calculated trades.

4. A system that could pull in profits no matter if the market is rallying, trending, or sideways. It is great to know, even in a bad market scenario like the one we are in, the money making opportunities never stop in world currencies!

5. Attention News Traders!!! Want to get extra trades on certain days of the week, but want to skip the usual blowouts of Non Farm Payroll Friday’s and when Major Bank Rate decision for your own trading? EASY! Just click on the “Expert Advisor” button on top to turn off, and go your own route! The other days when you don’t trade news, the Forex Funnel can make the extra pips that you might have been missing!!!

6. Long Range Traders! The high pip ranges for the Forex Funnel work greatly in your favor!!! Trading in the long term now can be done with automated trading systems, and the Forex Funnel even hedges positions!!!!

7. Customer Support: Those who previously have purchased software titles for forex trading, and have hated the long queues for Customer Support and really are not happy with the quality and care the customer support provides, we hear ya! The Forex Funnel has TOP NOTCH trained customer support, that know the game, have dabbled in Forex Trading, and have gone through tons of installs, and answered questions seamlessly.

In Short, You buy the Forex Funnel, The Customer Support Team has your back! Now, how many Forex Products out there can say that? NOT MANY!!!!!

8. You! You are a Forex Trader who wants the best, and only the best, and willing to go to great lengths to get there. Stop looking around, and start trading with the Forex Funnel Today!

Paulson Has Another Plan? WTF? Crude Shoots Down below $56

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Big banks and corporate entities are having a bittersweet moment, with facing the possibility that the wind has drastically changed for them.

Hank Paulson has mentioned that instead of buying bad debt, the $700 Billion bailout will actually buy stakes in banks, in hope of a resumption of normal lending practices. Honestly, this could really fuck things up for the major banks. Not having a direct emergency raft and not being bailed out, could put even more banks on the road to shutdown. Could we be in for way more trouble?

The dow dropped on the switch of plans to the tune of around 300 points, as of 3:05PM EDT. Oil similarly reacted and has dropped below $56.00. Time to get them SUV’s Polished and for the roadtrips!!!! 8 miles a gallon doesn’t seem so bad now, but where will the money come from to fuel these gas hogs?

If you are trading the asian markets tonight, this is what you should look for:

See if any sentiment has lingered in the asian market from the dovish remarks of Hank Paulson. the markets will probably trade in a downtrend, but if you do news:

New Zealand has Retail Sales Numbers flying out less than two hours from now. Also in the workings is business manufacturing Indexes.

Australia has Melbourne Institute’s Inflation Expectations around 4 hours from now.

Japan will release a revised industrial production number from previous month, and CGPI from previous year.

Trends:

EURUSD: Headed downwards earlier in the European Session, but now headed on a sideways course, slightly meandering around 1.25.

USDJPY: Just took a plumb shot right down the chart from the last two hours from 97 to 94.35 before retracing back to 95.08.

TRADE ON!!!

Breaking News! US Government Announces Loan Aid Plan!

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Later on, around 2 pm, the federal government is announcing with the mortgage industry a new plan to streamline the changing around and modifying of loans held by Freddie Mac and Fannie Mae. Look for more news on the press conference around 2 pm EST.

In other news, Oil has fallen dramatically to just under $59.00 in the US market trading. Currently, the Dow is in in the dumps around 262 points to 8,614.23.

Just a quick news shot for ya! TRADE ON!!!

US Markets for November 11th 2008 - Good morning!

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So,how are you weathering the volatile markets in the US?

With circuit City going chapter 11, and it seems like every high profile business in the corporate world is laying people off left and right. Are we going to see any level of stability going to occur?

In a situation where, the possibility of the shops we go to everyday to get our goods and services, and especially the possibility of the auto industry, drying up and packing their bags is very real, we can only hope for the best. The government really needs to step in and get their shit in order with the issue of helping certain businesses that have a huge grasp on the economy, such as retail, automotive, and banking.

If nothing is done, we can see another depression around the corner. It is bad enough that every where I turn to, it seems like company a is laying off, or company b is crumbling and falling apart.

ok, enough of my economic doomsday talk. Let’s get to some forex news.

The EURUSD has been tanking a good bit lately, after a huge surge during the beginning of last week where it peaked and built a resistance around 1.2920 before it’s descent into bearville with 1.2718. Now even the optimistic ZEW numbers that came out earlier today could of pushed the EURUSD upwards any.

The Sushi (USDJPY) has been taking a a sideways position around 97.90 for the european session after seeing a fall of 1.60 yen in Asian trading in the previous session. A bad newsday, with the Economy WAters Index, M2 Money Supply, and Current Account all in the red end of things took responsibility.

Despite the US taking a bank holiday, Investor’s Business Daily is going to release their economic optimism rating. Not looking for this number to be good, as businesses are in the decline, and gearing up for one of the worst christmas shopping seasons on record.

Trade on folks, and keep your chin up!

TRADE ON!!!
Thomas Howell
GoForexTrade.com

P.S. Check out the Forex Funnel. An automated trading solution at $137 and has a 60 day money back guarantee. The Forex Funnel comes with an additional custom indicator, the goldminer system.

European Markets - A New Week, A New Trend?

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The world markets start with a good footing, with positive numbers for the Hang Seng and Straits. Japan is taking the day off for a Bank Holiday.

Australia seemed to have a mixed session so far. Housing prices are down, retail sales are flat, Manufacturing has decreased. But news of decreasing inflation and a slowing on price increases for Commodities could change the moods a tad.

New Zealand’s Labor costs have increased 1.1%

Latest currency prices:
USDJPY: 98.97
USDCHF: 1.1585
GBPUSD: 1.6275
EURUSD: 1.2802.

European Market News:

Firstly, Switzerland will release around 830GMT, the Purchasing Managers Index for the SVME.

Europe’s Final Manufacturing PMI’s will be released around 900GMT

England will final the markets with their Manufacturing PMI, at 930GMT.

Have a good session trading forex! TRADE ON!!!

Tom Howell
GoForexTrade.com