Copy and Paste from Another Thread !!!
5:11am
Warren Forex http://www.forexfactory.com/images/s...ser_online.gif
Warrenforex
Member Since Sep 2006
Posts: 586
http://www.forexfactory.com/images/icons/icon14.gif Very Important Review Of The Financial Conditions !!!
http://www.resourceinvestor.com/pebble.asp?relid=43261
Snippet:
Now, why have interest rates come down? Because of the credit crisis. But the second aspect of that is the U.S. economy. What I have here is the picture of job creation. Now, the last numbers we saw were not that bad, –20,000; the market had expected worse. But when you do a 3-month average, you see that we are now at a point that is starting to mimic past recessions, not past mid-cycle slowdowns. By the way, mid-cycle slowdowns are quite normal; they occur between two recessions because within the cycle interest rates rise and slow an economy, much like what has happened.
Folks as a fundamental trader the KEY to what happens next is Interest Rates and Jobs. If New Jobless Claims start going over 400,000 and NFP and the Unemployment Rate goes up then PERCEPTION will change 100% again. This along with the unusally bad credit crisis that has only started again to get worse, I strongly suggest you try to understand what is really going on out there. The next two days could be very interesting. Always be ready for a change in Perception because that is the nature of the Forex Market. In the end or beginning PERCEPTION is always changed by FUNDAMENTAL REAL FACTS. Not What the FED is trying to SELL !!! Misinformation. The Charts while helpful can mislead you at times as things keep changing as PERCEPTION returns to REALITY which MOST FX traders are not very well informed on and then the FED gets into it and REALITY becomes confused again.
Knowing what is really going on always gives you an EDGE and with all the other things needed to succeeed in Forex Trading Makes you a Financial WINNER !!!
Good Trading To ALL !!!
Bruce
Last edited by Warren Forex, Today 5:35am Reason: To Add Snippet:
