Who Are Wall Street Rock Stars?
Actively trading the markets is extremely stressful and oftentimes, traders–even those with years of experience–make irrational decisions as a result of this stress. Wall Street Rock Stars are on the top of their game though, banking mad profits every day. On WallStreetRockStar.com you will find REAL information and real trading ideas for and from REAL Wall Street Rock Stars. - Mark Whistler
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Forex and Stock Market News via WallStreetRockStar.com
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Two Strong Stocks in Down Market | | THE FINAL NUMBERS CLOSE MARKET AT 3PM
NEWS: The markets were on the defensive from early morning hours and more negative news did not help the situation. However several rally attempts throughout the day took the Dow 300 points off the lows before once again dropping in the final hour. | | 11/17/2008 8:58:15 PM |
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Pick of the Day: USD/JPY | Greetings! Looks like I'm going to start out my week with a technical setup on USD/JPY. Check it! | | 11/17/2008 8:20:39 PM |
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British Pound Under Pressure | | The British Pound has already fallen 25% against the Dollar, since the credit crisis kicked off earlier this year. On a technical basis, therefore, it would seem that the Pound is due for a rally. From the standpoint of economic fundamentals however, the picture is quite bleak. While the Bank of England's recent 150 basis point interest rate cut could help restore the UK economy to solid footing, it sent a massive shock to investors. UK interest rates now stand at a 50-year low, and futures prices suggest that the benchmark rate will fall another 1% in the next 12 months. In addition, the Bank of England has not ruled out ruling interest rates all the way to zero. As unlikely as this scenario may be, investors are now fully aware of the scope of Britain's economic troubles. The next couple weeks could be make-or-break for the Pound, as a series of economic data releases, as well as the minutes from the latest BOE meeting, will help investors craft a more accurate forecast. Daily FX reports:Housing, industrial trends, consumer spending and public borrowing readings...provide additional confirmation that this evolving recession will be far worse than the slump of 1992.Read More: British Pound Could Forge New Lows As Rate And Growth Outlook Fail | | 11/17/2008 12:55:55 PM |
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Euro: To Praise or Condemn? | | In light of the credit crisis, commentators on the Euro have taken to one of two extremes; either they believe the Euro is doomed, or they argue that the Euro represents the key to EU economic salvation. The naysayers point to recent trends in financial markets such as the widening spread between German and Italian bond yields. They further argue that a common monetary policy exacerbated the credit crisis by fomenting real estate booms in overheated economies, namely Ireland and Spain. Supporters, on the other hand, need to look no further than the complete economic collapse in Iceland to understand the advantages of the Euro. Moreover, some of the more fragile EU members (Luxembourg, Belgium) would have witnessed runs on their currencies, if not for their participation in the common currency. In the end, the Euro probably represents a viable investment alternative to the Dollar and it brings the benefit of relative stability to its members. While its supporters are prone to overstating its benefits, it's not likely at risk of crumbling in the next few years. The Economist reports:The euro's defenders are convinced that the currency will still be there at the end of the crisis. That is a reasonable bet. But public support for the euro may still be painfully tested as economies deteriorate.Read More: No room in the ark | | 11/14/2008 11:21:06 PM |
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Pick of the Day: EUR/USD - Trade Closed | After a quiet Asia and European trading session, EUR/USD rallied big time midway through the US session as traders pushed the market up from 1.2450 to 1.2800 - over 300 pips. This brought my | | 11/13/2008 5:30:47 PM |
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GBP/JPY Weekly Analysis (Wk Strt Nov/09/08) | |
What a great week we had last week. We had three trades and all three were winners making a total of about 150 pips. This week is looking great too. We have four scalp line trades and a possible S+R line trade. | | 11/9/2008 2:31:12 PM |
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249 PIPs for the Week of October 19th, 2008 - Forex Force on WallStreetRockStar.com |
Early this morning, we hit our profit target, your trade should be closed...
Congratulations! You should have locked in around 130 PIPs!
We had a great week, clearing over 200 PIPs overall...
We're going to sit flat for now, please expect a long update over the weekend!
By the way, there's a chance that I could be offline later next week, when I travel to China to speak at the Global Chinese Financial Forum. If you happen to be in China next week, please stop by and see me!
Mark
| | 10/26/2008 7:56:00 PM |
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