Pro Swing Trading

..and dumped because of the good employment figure.

Projected U.S. economic growth for the rest of this year and next was revised down for a third month in a row by a panel of about 50 economists.

The latest Blue Chip Economic Indicators report on Thursday said the weaker outlook for second-half 2010 growth stemmed from lower expectations for consumer spending, business investment and private construction.

"Growth in the current quarter now is expected to be little better than the disappointingly soft advance registered last quarter," the survey said. Gross domestic product grew at a meager 1.6 percent annual rate in the second quarter, less than half the first quarter's 3.7 percent rate.

But the economists' group said that, after the mid-year soft patch, it saw a gradual improving trend setting in with growth slightly surpassing trend rate in the second half of 2011.

Blue Chip defines GDP trend growth at about 2-3/4 percent a year.

"For all of 2010, real GDP now is forecast to increase 2.7 percent on a year-to-year basis, 0.2 of a percentage point less than a month ago and 0.6 of a point less than predicted in June," the survey said.

Its consensus forecast for real GDP growth in 2011 was cut by 0.3 of a percentage point from a month ago to 2.5 percent.

"Given the depth of the recession, a forecast of roughly trend growth this year and next amounts to a very disappointing pace of recovery, with little progress expected to be made in lowering the unemployment rate," the forecast said.

Its consensus forecast is that the U.S. unemployment rate will end this year at 9.6 percent and fall only to 9 percent by the end of 2011.

It forecast that after averaging 554,000 new housing units in 2009, starts this year will rise to 600,000 and to 760,000 units in 2011. "Although residential investment appears destined to subtract from GDP in the second half of this year, double digit growth is expected by early 2011, with rates of growth over 30 percent by the second half," Blue Chip said.

The economists said they expect short-term interest rates to remain very low before starting to rise next summer. They said the Federal Reserve -- the U.S. central bank -- likely will keep the federal funds rate at its current range of zero to 0.25 percent through mid-2011, finally raising it to 0.75 percent by the end of 2011.

Hi,

U.S. stocks on Thursday pared a second day of gains, with the Dow industrials barely back in the black for 2010, as a report Deutsche Bank might sell stock to raise billions in cash curbed enthusiasm that came with a drop in jobless claims.

Morning,

Today we have CAD unemployment rate, lets see how it will effect on our position. have nice hunt

That news release made a mssive pin with high volume right on a recent top. Any update on our position. What do you think?

Yes i sent out update around 4 hours ago to close CAD/JPY on around +50 pips.



Great weekend for you and your family
Thanks
Nick

Very nice! I got your signal and it is quite useful. And it will be more better if you can add chart to support your signal. I really want to learn something from your signal. Thanks :]

add chart here or on website?

As u like, just do the most convenient way that u can
For me, it is better to attach the chart to the signal email because i usually out for work and I trade in phone mostly. Thx :]

Here i sent many of my charts, but on email we send exact entry so why you want to see a chart on email?
You can simply open M15 chart when you got our signal via your phone or pc.

Just a suggestion that i can learn trade from your chart.
Email/Website/Here is up to you.

Hello here! I have some questions to members.
Is here any body trading with this signals since the beginning?
Do you achieve same results posted on website or you close earlier or later?
If you start with this thread year ago, how much grew your account?

For not offend dear FXAdvice - please understand, your signals are the best, but me want to to see a comparison your settled targets, your achieved targets and followers achieved targets. Because with one same signal everyone will have another result, this is why I ask my 3 questions.

Thank you!

Democrats in the U.S. Congress have a late chance to show frustrated voters they are trying to boost the sluggish economy with a plan to extend help to small businesses before the November midterm elections.

As lawmakers return from a month-long break this week, Democrats aim to pass their small-business bill out of the Senate by the end of the week and send it to the House of Representatives for final approval.

The House has backed a version of the bill previously.

If the bill clears Congress, it would be a rare victory on the job-creation front for Democrats who have seen many of their other efforts torpedoed by Republicans this year.

"The 2010 jobs agenda for the Democrats has been a total failure both in terms of policy, perception and politics," said Ethan Siegal, an analyst with The Washington Exchange who tracks Congress for investors.

With the unemployment rate stuck at 9.6 percent, Republicans are poised to rack up big gains in the November 2 elections, possibly winning control of the House and the Senate, due in part to public perceptions that Democrats have not done enough to create jobs.

The small-business bill gives Democrats a chance -- perhaps their last -- to change voters' minds.

The bill would create a $30 billion fund that the government would invest in independent community banks to encourage lending to small firms. It also includes $12 billion in tax breaks for small businesses.

President Barack Obama and other Democrats have argued that the lending measure would lead to more loans to small businesses, enabling them to hire more workers. Industry groups back the bill.

TROUBLE GETTING A LOAN

Smaller firms have complained that they have had trouble getting financing following the 2007-2009 financial crisis, when many banks pulled back their lending activity.

Republicans have called the proposal a junior version of the government's controversial bailout of Wall Street. They blocked action on the bill at the end of July, shortly before Congress started its break.

Democrats accuse Republicans of deliberately obstructing the bill to score points in an election year, and with Congress out of town, Obama has hammered Republicans for blocking it.

"There are small businesses right now who are putting off plans to hire more workers because this bill is stalled," Obama said at a news conference on Friday.

Democrats picked up needed support last week when Republican Senator George Voinovich said he would break ranks with his party and back it.

Voinovich would give Democrats the crucial 60th vote they need to overcome a Republican procedural hurdle and pass the bill.

Voinovich said Democrats would need to consider a measure that would roll back a requirement that small businesses file tax forms on every purchase above $600.

One Democratic aide predicted that the Senate will pass the bill by the end of the week, but another was more cautious.

"We hope to complete action as early as next week. This will of course depend on how cooperative Republicans are," said Regan Lachapelle, a spokeswoman for Senate Democratic leader Harry Reid.

Reid could have trouble rounding up enough Democratic votes if debate lasts much longer than a week, as many lawmakers facing tough re-election battles will be eager to return to the campaign trail.

If the bill passes, it will join the ranks of several other relatively small-scale stimulus efforts that Democrats have managed to pass this year after last year's $814 billion stimulus package.

Those include a $17 billion measure that provides tax breaks to businesses that hire unemployed workers, more aid to the unemployed, and money to help cash-strapped states avoid layoffs of teachers and other public employees.

Both the House and the Senate have passed larger job-creation bills, but have been unable to reconcile them in the face of Republican opposition and rising public concern about spending

Hey,
i think it would be proper if you focus on your trade and not distract FXAdvice.Time is very important to him.It is not compulsory to follow his trade ideas.

Pls take note

I think you distract yourself to be so aggressive with your advices, please take note for yourself, Ok? If Read my post again and again till you understand - I do not distract FXAdvice and do not asking him. Instead your honored "advises" would be better if you share your could answer my questions. I am businessman, not "tundiblundipiplocker" or any other.

I made usual questions to followers if they can share their thoughts.

he was asking this to members not FXAdvice

Morning,

Market started with weak USD and also the same on JPY, lets see how it will going during london and new york session.

Cheers
Nick

Hi,

As trading idea A/U has short setup...

Hi Nick,

First, let me say thank you, i am a member of your service and you have consistently called winning trades.

However, I am still confused as to your suggested entry points. As an example, should i now be short AU even though we never came within 10 bps of your suggested entry?

Best, Tim

Brother, I gave you the zone but you can have your own entry.