Author Archive

FapTurbo Price Increase

Friday, November 28th, 2008

Hmm, I never thought they’d do this, but apparently the people behind FapTurbo are going to increase the price for their product from $97 to $149.95 this coming Monday (Dec 01, 2008). I found out about this from an e-mail sent by one of their affiliates. Here is a copy of the e-mail:
hello Alan
We just […]

Forex: Tokyo News

Tuesday, October 21st, 2008

We have AUD Monetary Policy Minutes coming out at 8:30pm and AUD RBA Governor Stevens Speaks at 10:10pm. 

Forex Trading News: New Zealand Consumer Prices As Expected

Tuesday, October 21st, 2008

The New Zealand Consumer Prices came in as expected for the 3rd quarter:

  • 1.5% (QoQ)
  • 5.1% (MoM)

In addition Food Prices came in softer (MoM) for September 0.6% versus the 2.7% for August.

Forex Trading Leading Indicattors Better at +0.3%

Monday, October 20th, 2008

Dow jumps higher on the better then expected Leading Indicators

Bobby’s Corner- Open Market 10.20.2008

Monday, October 20th, 2008

Good Morning:

 

Today, Fed Chairman Bernanke will testify before the House Budget committee to discuss the status of the financial crisis. LIBORs this morning are lower, thus adding speculation that calm is beginning to enter into the credit markets.

  

World equity markets rose as higher crude prices helped the energy sector, and world governments continued to pour funds into the financial sector to ease the credit crisis.

read more

Forex News: GBP Prelim M4 Money Supply and Public Sector Net Borrowing Out at 4:30 AM EDT

Monday, October 20th, 2008

Public Sector Net Borrowing

Expected at 6.9B

Prior 10.4B

Actual 8.1B

 

Preliminary M4 Money Supply

Expected at 0.9%

Prior 1.4%

Actual 1.4%

Forex Trading: USD/TRY Making Possible Double Top Formation on Hourly Chart

Monday, October 20th, 2008

USD TRY seems to have tested 1.5425 level twice over the last few days.  Look to 1.4675/80 as support level with a break below yielding to the 1.4500/05 area (100 hr MA) as first level of support.

Forex Trading: EUR/USD in Consolidation. Looking for Direction

Monday, October 20th, 2008

EUR/USD is in consolidation on the daily between a range of 1.3778 and 1.3261 looking for a breakout either way.  Keep close watch on these levels for direction on the pair over the next few weeks.  A Break above could give way to resistance at 1.3916 while a break below could yield levels not seen within the past year.