New York and Canada for May 12 2009

Good morning my fellow traders! Check out the news for this morning!!! US NEWS: Trade balance is down, but not as bad as the consensus expected it to be. A total deficit of 27.6 Billion. Federal Open Market Committee member Dennis Lockhart reminded us that although things are starting to improve, do not start thinking [...]

And now to the Good: plus 410 for Dow, Oil stands at $98, Gold Gives Back Some

Yes, seemed like today was “give back” day for the world markets. The Dow recovered a staggering 3.86 percent, a gain percentage that only previously was touched in 2002. For the blue chips, almost a full recovery from yesterday’s hellish drop, and Gold gives back nearly $50, to head down to $850.40 in asian trading. [...]

Dow Down 450, Crude shoots up to $97, Gold up $90, what else folks?

Are we on the edge of what could be the possible financial armageddon that the analysts and doomsday maniacs are preaching? With a 450 point, 4 percent drop bringing the Blue Chips to under 11,000, it kinda makes your wonder if we are not just in recession territory, but depression territory. With the housing market [...]

AIG Escapes the worst, Fed Reserve Refuses Rate Cut

So Lehman Brothers get a small care pack from Barclays to take over some assets, while the Federal Government gives American Investment Group, better known as AIG around $85 Billion in Bridge Loans until AIG can give its assets away or get it’s shit together. So, the dow did positive territory to the sum of [...]

So The Dow Tanks, and Lehman Brothers Collapse!

And AIG is the next bank at the on Deck circle for the latest in wall street bank ass handings this week. Lehman brothers couldn’t get any love from the Taxpayers or any offshore capital, so they decided to call it a game and declare bankruptcy. Gotta love it when the big boys get their [...]

Well, Well Well, I am Back!

Batteries recharged, and thoughts well into some hardcore consideration, we are back with some reports!!! With the declining bank scene in the US, and fire sale of crude oil happening, we are in a very exciting time. The economy of the world is having a wonderful balancing act with the powers that be shifting around [...]

Forex Market: August 1st – Us Jobs Report!

welcome to the homestretch of yet another great week in the adventures of Forex Currency Trading! Today, there are more heavy hitters on deck in the news then at a home run derby. The US had their jobs report, and ISM’s, and europe has a few too! The last one coming from Asia this Friday [...]

Forex Market: July 31 2008 GoForexTrade.com

Good morning and welcome to Thursday’s trading session. Let’s start with the news. Japan has improved the negative outlook a couple of shades in housing starts this morning. The european market so far has seen Switzerland’s Consumer Price Index monthlies beat the consensus, but remains in negative territory at -0.4% England has also negative numbers [...]

Forex Market July 30th 2008

Good Morning and get ready for another wonderful trading session! Europe’s market is a bit quiet, and Oil is shooting down fast! Maybe the SUV set would be more than happy to pump gas once again? Who knows! With Europe’s Market, we are looking at Europe’s Consumer Confidence Levels and Switzerland’s Leading Index. The American [...]

Forex Market July 29th 2008

Good morning, and welcome to tuesday’s Forex Session! Another fine day chock full of opportunities exist for those who want to make some cold hard cash with currency trading. Let’s start with the european market… Europe: Germany sometime today will release the Preliminary Consumer Price Index, which is expected to be .5%. Switzerland will release [...]