Day Trading Futures

For quite a few Forex room investors, trades are dictated by indicators and price indices that are technical in nature. Several hours are spent on a consistent basis to research all identifiable indicators and every risk is taken into account; decisions are then made based on all data that has been studied. If you know anything about news trading, however, you would know that none of the research and due diligence is done before a move is made there isnt any time. The only thing that is really taken into account is a countrys economic news announcements.

There are eight major currencies that are traded in the Forex market, along with almost 20 derivatives as well. These are the US dollar, the British pound, the Euro, the Japanese Yen, the Australian dollar, the Swiss Franc, the Canadian dollar and the New Zealand dollar. Because of the availability of each currency, currency pairs, and its derivatives, each currency can be traded at any given time because they are globally traded.

News trading is split second decision trading of foreign currency right before or after a major announcement is released regarding a countrys economy. Major announcements in regards to a countrys economy can raise or lower its currency value in an instant. The trick is to invest or pull out of the currency in a split second in order to make thousands of dollars or try to avoid losing thousands. This risky kind of trading is possible because the Forex market never closes. With financial markets, trades are suspended while important company announcements are made. Usually these big economy announcements are made after the closing of regular markets for the day, but since the Forex market is open all the time, any such announcement is going to have immediate effects on currencies.

In order to be successful with trading in the foreign exchange market, investors have to have the latest and up to the minute news announcements always at their disposal. Even when announcements are just a few minutes old, it can have terrible effects for a trader with any sum of money at risk. Traders have to keep an eye out for any news regarding any countrys economy. News that has the biggest impacts on currencies include interest rate changes, FOMC rate decisions, retail sales figures, inflation indicators such as the consumer price index (CPI), producer price index (PPI), unemployment figures, industrial production announcements, boost in business and consumer confidence, as well as business sentiment surveys. Manufacturing sector surveys, trade balance release details, and foreign purchases of U.S. Treasuries may also prove useful for a news trader in Forex rooms to better make decisions regarding when or when not to trade.

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The UK economy retracts in Q4 2010 and knocks the markets, cooling fears of a sudden interest rate hike.

Well be buying and selling the UK Consumer Price Index (CPI) release at 4:30am NY Time today. Well be wanting at the yearly launch figure and the market may react with lots of volatility as CPI is the basic measurement of Inflation, subsequently anticipate to see more exaggerated strikes if we get a huge shock release.

Definition

CPI, Consumer Price Index, is a statistical estimate of the motion of the costs of products and companies purchased for consumption purposes by households. Its computation uses worth information collected for a pattern of products and companies from a pattern of gross sales outlets in a sample of locations for a sample of times and estimates of the shares of the completely different expenditures in the whole lined by the index that are often based upon expenditure knowledge obtained for sampled durations from a pattern of households Wikipedia). It is also referred to as the True Cost of Living

The Commerce Plan

We are searching for a deviation of 0.3% for SELL and 0.3% for BUY. If the Inflation quantity will increase to of 4.7%, which is method above BOEs inflation target, we will BUY of GBP/USD. If the Inflation number decreases to 4.1% or much less, well look to SELL GBP/USD. Traditionally, even with a slight difference of 0.1%, market often overreacts. If our deviation is hit, there is a strong possibility that the market will move 50 pips immediately.

The Market

Bank of England has been very hawkish about taking motion to manage inflation, which is presently above 4% (BOEs inflation target is normally round 2.0%). With inflation uncontrolled and consistently pushing to the upside, BOE may not have a selection however to behave earlier than in a while tightening curiosity rates. CPI is the measurement of inflation; if we see an increase on this release, it normally signifies that the true value of residing has gone up.

In accordance with the median forecast of 30 economists by Bloomberg, the forecast for right nows CPI is at an unchanged stage of 4.4%; within the occasion for a surprise improve, BOE shall be below further scrutiny for their present policy of permitting larger inflation with the hopes for financial restoration With 3 members in MPC already voting for a charge hike (Sentance is voting for a 50 foundation level hike), market consensus is for a May or June charge hike

Further Thoughts

We will most likely see the first wave of market response instantly after the release, then extra reaction adopted by the Inflation letter (Governor King is predicted to write a letter to the Chancellor of the Exchequer if CPI goes above 3% or under 1%.)

Rally for UK equities as the market digests the Bank of England meeting minutes and looks for clues as to any imminent plans for interest rate hikes.
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Stocks in Asia were generally weak overnight. The Nikkei and Hang Seng both dropped about one percent, Shanghai lost 0.6% and Australia was down a slight fraction. European indexes are little changed at the moment, with the Footsie off by a quarter percent and the Dax up by one tenth of a percent. US stock futures are essentially unchanged.

*German states are releasing the September readings of their Consumer Price Index this morning, some of the reports include: Saxony +0.1% on a month on month basis and +1.5% year over year; Br4andenburg -0.3% and +1.0%; Hesse -0.1% and +1.1%; and Bavaria -0.3% and +1.4%. The national CPI report is due out later this morning; the EU Harmonized version is expected to fall 0.2% on a month on month basis and +1.3% on a year over year basis.

*The final reading of the UK’s Q2 GDP was unrevised at +1.2% on a quarter on quarter basis.

*There continues to be some discussion this morning about the WSJ article out yesterday afternoon that says the Fed is considering an incremental approach to further quantitative easing rather than announcing a predetermined amount; it is a strategy that is favored by St.

Louis Fed boss Bullard in particular.

*The weekly report on chain store sales from ICSC shows a gain of 0.4% on a week on week basis for the week ended September 25; sales were up 3.6% for the week when compared to the same week from a year ago. The Johnson Redbook report on the same thing is due out at 7:55am CDT.

*The July reading of the Case/Shiller Home Price Index is due out at 8:00am CDT, it is expected to be +3.10% on a year over year basis. The September reading of Consumer Confidence is due out at 9:00am CDT, it is forecast to be 52.1, down slightly from the August result of 52.5.

*The Richmond Fed Manufacturing Index for September is due to be release at 9:00am CDT, it is expected to fall five points on the month to a reading of 6.

*The Fed is scheduled to buy TIPS today that are due to mature between 1/15/11 and 2/15/40. The results of the operation are due to be announced just after 10:00am CDT.

*The Treasury plans to sell billion 5 Year Notes today; the results will be announced just after noon CDT.

*A couple of Fed speakers on the calendar today. Governor Warsh is on a panel about job creation at an NYSE function at Georgetown University at 3:30pm CDT and Atlanta Fed boss Lockhart will speak on the economic outlook at 4:30pm in Tennessee.

1 km fiber prices in the vicinity of 90 yuan, lower than that of the same length of copper cable, optical fiber bandwidth potential is enormous

Copper up and maintain high, delighted not only copper smelting enterprises, optical fiber and cable industry are smiling at the news. With the rising price of copper and fiber prices fall, a “light of Copper” broadband speed strategy is being implemented, this is already warming the optical fiber and cable industry a robust and growing source of power. Experts expect an optical fiber and cable industry’s market size will be 100 billion yuan.

Fiber warming In the winter after several years of industry, the optical fiber and cable industry started to recover since the second half of last year. Statistics show that basically the entire industry this year, a 20% growth rate. As China’s IPTV, interactive entertainment multimedia services gradually somewhere, there are many provinces and cities nationwide broadband network transformation plans.

Ministry of operating conditions on the first half of the communications industry statistics show, Communications completed 85.67 billion yuan in fixed assets investment, up 9.1% from a year earlier. Among them, the telecommunications investment in fixed assets completed 84.87 billion yuan, up 9.1% over last year; new cable line length 272,000 km, to reach 4.322 million km; electronic information hundred enterprises reached 7.247 million km fiber sales, up 92%; cable sales 6.844 million km, an increase of 79.3%. Professionals are expected this year, carriers investment will grow 7% in 2005 over the second half of optical fiber and cable market will continue to optimistic.

Steady growth in demand Recently, the reporter learned from Shanghai Telecom, a “ray of Copper” broadband speed strategy is being implemented in Shanghai next year will be full forward. The so-called “Light of Copper” is the road between the district to replace copper cable, fiber optic cable to the users as possible will be close to the ultimate realization of FTTH. MAN in China, 3G, IPTV, FTTH gradually building, authorities have made the existing copper network broadband upgrade requirements. Furthermore, since copper prices still remain high, many factors have led a “ray of Copper” strategy introduced.

According to Shanghai Telecom’s broadband upgrade plan, to the current rate of broadband minimum 512K raised to 8M, 15-fold increased rate of whole. According to the plan, this year is optimized for broadband access network transformation, effective from next year forward. To the “Eleventh Five-Year” period, broadband users will have the Ordinary 8M downstream bandwidth, high-end users can enjoy access to 20M downstream bandwidth.

Experts predict that around 2008, China’s IPTV subscribers will nearly 8 million, according to “standard definition TV,” the needs of each user’s bandwidth is about 2M or so, if the next launched “HD TV” , each user needs 8M bandwidth. Users and bandwidth to increase with the results of a higher bandwidth requirements. In addition, the upcoming 3G network construction also requires cable support.

Experts point out that, although the 3G is wireless communications, network construction, but it has some correlation with the optical cable, which will eventually be implemented to further expansion of the fiber optic cable lines. According to optical fiber and cable industry association statistics, 3G brought about the increased demand for optical fiber core is about 300-500 million km / year, will drive demand for the next five years, optical fiber 18% -24% annual growth. It is estimated that this market will be more than 10 billion yuan.

Significant price advantage “Light of Copper” is the moment of the telecommunications industry generally and the practice of strategy, is considered the inevitable trend of future development. The industry believes that the advantages compared to fiber and copper mainly in low-cost and high bandwidth. Ping An Securities analyst Liu Jun

calculated that an account balance, to 1 km in length, 0.4 mm in diameter communication cable, for example, one pair of circuits using 2.237 kg of copper. 2004 copper price 20000 yuan / ton, 1 1 km of copper on the circuit cost of 45 yuan; in 2005 copper price is 3.3 yuan / ton, the copper cost 74 yuan. Recently, copper prices remained at around 60,000 yuan, which means that the same cost of copper has risen to more than 130 yuan. In other words, the 600 1 km of copper on the circuit up to 80,000 yuan cost. Copper prices have risen this year, up 80,000 yuan / ton level. From the bandwidth point of view, if the circuit 64K per ordinary fixed bandwidth, to calculate the basic 600 on the circuit to 38.4M. Even if the 600 pairs all use 1M for ADSL, the overall bandwidth is only 600M.

Compared with copper, the price of 1 km optical fiber is about 85 yuan -90 yuan, the price of copper has been lower than the cost of mileage. The total bandwidth of optical fiber a few hundred on the circuit can not be compared. With appropriate equipment as long as, single fiber bandwidth at least up to 155M level, generally up to 2.5G ~ 10G, up to 40G.

Please SUBSCRIBE!!! * Please visit our website: www.ggnonline.com for more news commentary. * Please donate to GGN www.paypal.com because it would be greatly appreciated. Thank you. NEWS SUMMARY: (Reuters) – Stocks accelerated their slide, tumbling for a second day on Wednesday as Libya’s violence pushed oil prices to 0 a barrel and tech shares sank, fueling worry of a market correction. – (Dow Jones)—European stock markets ended lower Tuesday, extending the previous session’s heavy losses as turmoil in Libya escalated and crude-oil prices extended their rise. – (WSJ) The dollar fell to multiweek lows against the euro and the Swiss franc as traders ignored stronger-than-expected US existing-home sales, continuing to take their cues from European Central Bank policy and Middle East turmoil. – (Bloomberg) Investors withdrew about 4 million from US municipal-bond mutual funds this week, the 14th-straight period of withdrawals, Lipper US Fund Flows said yesterday. – (Reuters) – Oil futures rallied above 0 a barrel on Wednesday, posting the biggest three-day percentage gain in a year, as the escalating violence in Libya could further reduce its production. HEADLINES WITH LINKS: Inside the Wisconsin protests bit.ly Wall Street tumbles as oil hits 0, tech shares drop reut.rs Europe Stocks End Lower As Libya Worries Escalate on.wsj.com Commodity Futures bloom.bg Gold gains 1 percent on Libya tensions, market jitters reut.rs Euro, Swiss Franc Best Dollar on.wsj.com …
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www.howtobetrader.com **Shocking Breaking News** British Racing Driver Killed In 15-Car Smash! British racing driver Dan Wheldon has been killed in a horrific crash during an IndyCar event in Las Vegas. British IndyCar driver Dan Wheldon has died after suffering “unsurvivable injuries” in a high-speed crash during a race in America. The 33-year-old was involved in a 15-vehicle crash while competing in today’s Las Vegas Indy 300, his car flying over another. He was taken to hospital in a helicopter with his wife and two children at his side but he died of his injuries. Dan, who started from the back of the racing pack, had vowed to “put on a show” in a blog he wrote just hours before the race.Shocking Breaking News British Racing Driver Killed In 15-Car Smash! IndyCar chief executive Randy Bernard confirmed at a press conference: “IndyCar is very sad to announce that Dan Wheldon has passed away from unsurvivable injuries.” The accident happened on lap 11 of the race on the second turn with the impact sending several cars flying through the air and smashing into the outside wall and catch fence.British racing driver Dan Wheldon has been killed in a horrific crash during an IndyCar event in Las Vegas. With cars smouldering and debris littering the track, the race was red-flagged as crews worked on fences and removed the damaged cars. Two-time Indy 500 winner Wheldon had been in line to win 5 million US dollars had he won the race. Mr Bernard said: “Our thoughts and prayers …
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