Good morning all. The stock markets appeared to crack yesterday, taking many of the carry trade currency pairs with it. We are, however, entering a traditionally strong period for the stock markets in the run up to Christmas. This morning the futures markets are giving the benefit of doubt to yesterday's fall (S&P500 futures up about 12 points from yesterday's close). We shall see. Generally, as I said yesterday, investment made in the S&P500 (or any major index) on 22-23 November is in good profit by early January.
Today's economics: 11am UK CBI industrial trends orders, midday CAD CPI (inflation), 1:30pm US Housing starts and then the biggie at 7pm, the FOMC Meeting minutes indicating US interest rate policy.
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If you wish to join me at Team Rainbow and join my online conference room just visit www.rainbowtraders.co.uk and follow the instructions. Any problems just email me at SJGrinter@aol.com and I'll sort it.
Newcomers essential reading
RESULTS - FEBRUARY 2008
839 PIPS PROFIT (£6,073)
RESULTS - JANUARY 2008
870 PIPS PROFIT (£7,300)
Total return of based on a £20,000 capital account and risk of 1.5% per trade.
Total return of based on a £20,000 capital account and risk of 1.5% per trade.
About Me
- S3
- My name is Simon Grinter. I have been searching for the holy grail - a consistent second income from trading the forex markets. After many years of development, I now solely operate two morning systems, which achieve in excess of a 10% return per month. I teach my methods at seminars held periodically in London. They are fully guaranteed.
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