DislikedAlso caught the ride short... Wouldn't put my money long, but it might be OK for you ultraman.
Good luckIgnored
PIPS AND PIPS ONLY... + OF COURSE
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedAlso caught the ride short... Wouldn't put my money long, but it might be OK for you ultraman.
Good luckIgnored
DislikedI am currently short, -14pips...hope it goes south, cos losing is not an option. There's a strong indication it goes down...my opinion.Ignored
DislikedYes.
So far everything goes as I planned. I mostly follow EJ, but it refers hardly to ES, so post here cause theres no EJ thread
Anyway on EU I base on lack of proper brekage of support 1.5555 so graph need to create some proper bounce.
EJ broken properly, so it might be quite confusing for market but my experience sais that EU change direction most of a time between 1 and 3 pm GMT and time is almost always last warning for me to close my position.Ignored
Disliked15:23 04/28 (CEP News) – Economists expect the Conference Board's consumer confidence index to continue falling to 62.0 in April's report on Tuesday, following substantial declines in other measures of consumer sentiment.
In the previous month, consumer confidence fell almost 12 points to a five-year low of 64.5. Both components saw dramatic losses as the expectations category declined to a 35-year low, falling to 47.9 from 58.0, with the present situation component plummeting to 89.2 from 104.0.
Sal Guatieri, senior economist at BMO Capital Markets, said the report is "not too important" because there have already been dramatic declines in the Reuters/University of Michigan index as well as the weekly consumer comfort report, which he expects this report to simply confirm with a 61.0 reading.
Haseeb Ahmed, U.S. economist at JPMorgan, said the headline will likely drop several points to a level below the consensus forecast of 62.0, but his eyes will be focused on the labour market assessment, which he said provides a good gauge of how the job market is.
Consumers' appraisal of the job market was quite pessimistic in March, with those saying jobs were "hard to get" increasing to 25.1% from 23.4% and those claiming jobs were "plentiful" decreased to 18.8% from 21.5%.
Guatieri said economists translate the labour conditions index into forecasts for the unemployment rate, which may uptick to 5.2% when April's employment report from the Bureau of Labor Statistics is released on Friday.
The Conference Board report follows a 26-year low in April's consumer sentiment index from Reuters and the University of Michigan, which fell to 62.6 in the final release last week, down from 69.2 in the previous month.
Meanwhile, the consumer comfort study from the Washington Post and ABC News tumbled to -40 last Tuesday, the lowest level since July 1993. The weekly index has been below -30 for 12 consecutive weeks.
After the March report, Lynn Franco, director of the Conference Board's consumer research center, said, "Looking ahead, consumers' outlook for business conditions, the job market and their income prospects is quite pessimistic and suggests further weakening may be on the horizon."
Before the economic turmoil began, the Conference Board's consumer confidence index reached an annual high of 111.9 in June. The subprime crisis caused a four-month decline to 87.0 in November before rebounding by a few points before the holidays. The index then resumed its downward trend in January, falling from 87.9 to 64.5 in the first quarter.
By Patrick McGee, [email protected], edited by Cristina Markham, [email protected]
(END) CEP Newswires - CEP News Ltd. 2008. All Rights Reserved. www.economicnews.caIgnored
DislikedThe question is how low it will go, so we know when to jump in the train going north.Ignored
DislikedThe question is how low it will go, so we know when to jump in the train going north.Ignored
DislikedIf you are brave, you could double up and take the train further down south and make up for your loss. I have done that before because I misjudged the direction of the trend and later on was able to make up. But make your own call.Ignored
DislikedDefinitely do not do this! Walk away and trade another day.... Trust me, been there.Ignored