FreshPips.com / User / spoonman / Voted

Cowabunga System Daily Update: Thursday, 03/18/2010

posted by sassy 694 days ago in Special made popular 694 days ago

With the market ranging heavily today, we had several false signals. The good news is that we were saved from many potential losses. See how it all went down in today's Cowabunga Surf Report. (Video Included)

Discuss

Consumer cut in spending the most since 1980

posted by odell 1198 days ago in USD, Fundamental, Retail Sales made popular 1198 days ago

Scared and out of money, Americans stopped buying everything from cars to corn flakes in the July-September quarter, ratcheting back spending by the largest amount in 28 years and jolting the national economy into what could be the most painful r

2 Comments

Federal Reserve and IMF are Getting Good with Handouts

posted by joemama 1198 days ago in USD made popular 1198 days ago

Does the 'establishment of temporary reciprocal currency arrangements' mean anything to you? Yeah, it kind of went by me in a blur the first time I read it. Basically, this has become one of the side shows for the Federal Reserve.

Discuss

New numbers a sign of slowing Canadian economy

posted by blitz 1199 days ago in CAD, Fundamental made popular 1198 days ago

New numbers from Statistics Canada on Thursday gave hints that the ongoing global financial crisis is beginning to infect other parts of the Canadian economy.

Discuss

Dollar, Yen Fall as Rate Cuts

posted by czarinacleopatra 1199 days ago in USD, JPY, Fundamental made popular 1198 days ago

The dollar and the yen fell against most major currencies as global interest-rate cuts sparked a rally in stocks, boosting demand for higher-yielding assets.

Discuss

Aussie posts best 3-day gain on better risk appetite

posted by olivia 1199 days ago in AUD, Fundamental made popular 1198 days ago

The Australian dollar rose for a third day on Thursday, posting its biggest ever three-day gain, on an improvement in risk appetite and after comments from a top central banker that challenged expectations of a steep interest rate cut.

Discuss

GDP falls 0.3% in third quarter on dive in spending

posted by czarinacleopatra 1199 days ago in USD, GDP made popular 1198 days ago

The U.S. economy contracted at a 0.3% annualized rate in the third quarter, as consumer spending declined at the fastest rate in 28 years, the Commerce Department estimated Thursday.

Discuss

GFT Daily Market Commentary

posted by wiredprg 1247 days ago in Daily made popular 1247 days ago

Forex Market Commentary for September 12, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar encountered choppy trading on Thursday amid volatile equity and oil prices, while everyone is looking for the resolve of the new...

Discuss

Get a Life

posted by spoonman 1247 days ago in Trading Psychology made popular 1247 days ago

Olympic athletes are not superstars forever. Similarly, professional athletes have their prime and then they retire. So spending one’s youth building up skills makes sense since there is a “critical period” in life to make one’s mark. But traders

Discuss

ECB's Papademos Says Europe Likely to Avoid Recession

posted by fxhottie 1247 days ago in EUR, GDP, Inflation made popular 1247 days ago

European Central Bank Vice President Lucas Papademos said the economy is likely to escape a recession and there are signs higher energy costs are driving up wages on a broad front.

Discuss

BoE says it can't give banks long-term support

posted by nancypants 1248 days ago in GBP, Fundamental, Inflation made popular 1247 days ago

Bank of England governor Mervyn King warned Thursday that planned money market reforms by the central bank will not provide long-term assistance to banks facing tougher lending conditions, arguing that was a government responsibility.

Discuss

Gold Falls Below $750 on Dollar's Surge; Silver Plummets

posted by nancypants 1248 days ago in USD, Gold, Metals made popular 1247 days ago

Gold fell below $750 an ounce, marking the longest slump in eight years, as the dollar's surge reduced demand for the precious metal as an alternative investment. Silver dropped to the lowest since June 2006.

Discuss