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1. Is Crude Poised For a Comeback?
Is Crude Poised For a Comeback?

July 9, 2009

Crude oil has been feeling the heat lately so let us see what is happening.

In this 3 minute video you will see that we can easily forecast where the price will fall to before finding support and making a recovery.

Over the past eight days we have seen the price fall from $73 a barrel and we are expecting a low of 59-59.51. The pattern is a typical double top with a pivot point from which we can measure the expected low.

Furthermore, using a combination of the MACD which has crossed over showing a negative, our Trade Triangles which only show positive in the monthly forcast and the Fibonacci tool, this prediction is confirmed.

So we are expecting crude to find support and turn around into positive territory at the 59-59.51 mark.

Let's see what happens.

My regular readers will know that this Crude Oil video is free to watch and there is no need to register

Let's hear from you on the blog!

All the best,
Go to it,
Good Trading,

Tom Nadir

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

BlogCatalog - Finance

2. All Eyes on Bank of England Today
All Eyes on Bank of England Today

July 9, 2009

Yesterday sterling remained under pressure for the trading day as the prospect of increasing the QE programme was priced into sterling. As is common on interest rate decisions, the speculation beforehand will move the value of the currency before the actual announcement.

Sterling clung to its current trading range against the USD and the Euro but only just; in afternoon trading we briefly saw a test of the 1.60 level against the USD before sterling managed to fight its way back to 1.61; against the euro it dipped to 1.1550 but did not threaten the 1.15 level. This morning sterling has hopped up against the USD so a good start to the day for sterling but it is not out of the woods yet.

Later today the Bank of England are set to confirm the increase in QE but it will be the accompanying statement that will be key. The risk for sterling is if the door is left open for further expansion of the QE programme going forward. We will find out this afternoon!

The Yen has been very active against most major currencies this week advancing strongly against the USD and the pound. Currently we sit just over 150 on GBP/YEN and 93.33 on USD/YEN. The pull back into Yen is not surprisingly attributed to fading optimism on an economic recovery and a move out of risky assets in line with this sentiment. The Japanese authorities unsurprisingly expressed concerns over the undesireable strength of the YEN; a bit of verbal intervention.

The move out of risk is clear when looking at the CRB index which is a broad index of commodity prices; the CRB is down more than 12% from last month pushing below its 200 day moving average. This is a clear signal that the recent rebound is over. This also highlights a swing back into deflationary pressure due to falling prices and stalling economic activity This will alarm central banks and could be a factor for the Bank Of England this afternoon to leave the door open for more QE.

Data from Australia confirmed that June unempoloyment came in marginally better than expected at 5.8% against a forecast of 5.9%. Not a key stat but a hint of good news amid the gloom. The G8 statement offered no mention on currency. Comments affirmed that the recession is the steepest since World War II and too fragile still to consider looking at exit strategies for stimuls measures.

President Obama actually pressed for the door to be left open for further stimulus measures. Gordon Brown said "the G-8 needed to sound as second wakeup call for the world economy", the concern of a relapse is a strong theme from the G8.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

BlogCatalog - Finance

3. G8 Kicks Off Without China
G8 Kicks Off Without China

July 8, 2009

The riots in Urumqi have led to the Chinese President, Hu Jintao returning home and missing the G8 conference according to reports. For the FX markets this will greatly reduce the possibility of discussing a change in reserve currency from the USD and therefore we should not have any surprises for the FX markets.

Gordon Brown backed up this consensus by saying there has been lots of speculation but no discussion on the USD being replaced as the global reserve currency. In the markets we have continued on the cautious theme, Asian stocks were driven lower by falling oil and commodity prices. This is adding further strength to the USD and the YEN as you would expect.

Sterling is still on the ropes ahead of the Bank of England decision tomorrow; as you may have noticed recently the market sentiment can shift like the wind and this uncertainty is causing a lack of direction and volatility in the FX markets. Against the USD we are fast approaching the crucial 1.60 level and we are down towards 150 against the YEN, in addition we have fallen to 1.1560 on the Euro.

The markets and Wall Street has also been spooked as talk of a second government stimulus plan in the US is spiraling. This has heightened fears that the economy is not yet on the path to recovery and that corporate earnings due this week will be weaker than expected. More stimulus basically equals uncertainty and a lack of confidence from the government that enough has not been done already. This naturally transpires to a lack of investor confidence.

A similar feeling exists in the UK and this is exactly the reason why it is very likely that the Bank of England will increase the QE programme by 25 billion pounds tomorrow to 150 billion pounds.

Data out in the markets shows that French business sentiment came in as expected at 84; this is slightly higher than the 81 figure for May. The Bank of France also sees GDP for the second quarter at -0.4% against a previous forecast of -0.5%.

Swiss June unemployment came in at 3.6%, worse than the forecast 3.4% and continues the theme of rising unemployment pretty much everywhere. Halifax house prices for the UK came in at -0.5% which was as forecast but less flattering than the market hoped for. Other data to come today will be Euro zone (European Monetary Union) GDP which is expected in at -2.5% which is the same as last month.

Look out for more intervention by the Swiss National Bank (SNB) as Euro/Swiss Franc is approaching the 1.50 level. Can they continue this pattern of intervention and if they do not and the market falls below 1.50 where will it end up? - Definitely one to watch. Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

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BlogCatalog - Finance

4. Where is the Dow Going Now?
Where is the Dow Going Now?

July 8, 2009

Today, let us have a look at the Dow industrial index in this short video.

From the lows in March to the high in June we have seen the Dow pushing steadily upward but now we have downward pressure losing about 100 points. As you know with a bear market, prices will fall on their own as opposed to a bull market where we constantly need positive news to drive prices up.

Currently we are trading around the 8,241 mark and the perception is pointing towards a larger downturn for the Dow. This is also indicated on the MACD charts and the smart money is probably already out of this market. If we close below the 8,241 today or tommorrow then be prepared for further retracement.

My regular readers will know that this Dow industrial index video is free to watch and there is no need to register

Let's hear from you on the blog!

All the best,
Go to it,
Good Trading,

Tom Nadir

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

BlogCatalog - Finance

5. What Advice on Euro v Dollar?
What Advice on Euro v Dollar?

July 7, 2009

The Euro Dollar relationship over the last little while has interesting aspects meeting resistance around the 1.41 level.

Adam Hewison, agrees with general advice of going long on the euro and demonstrates why in this short video.

The monthly (long term position) and the daily (trend) Trade Triangles are positive whereas the daily triangle (used for timing) is in conflict. In such a situation it is advisable to remain neutral in the market. Overall, we notice a "Double Bottom" and classic pivot point and we are looking to break the 1.45 mark.

Please, if you are risk adverse then this may not be for you but otherwise I recommend you take a look at this short video right now.

My regular readers will know that the video is free to watch and there is no need to register

Let's hear from you on the blog!

All the best,
Go to it,
Good Trading,

Tom Nadir

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

BlogCatalog - Finance

6. Balkan Concerns Grow Again
Balkan Concerns Grow Again

July 7, 2009

Very quiet in the FX markets yesterday and the USD and the YEN continued to remain firm across the market. The lack of movement in the markets and the support of the USD and YEN can be attributed to a weak assessment by the European policy makers.

ECB president Trichet was very prudent during the latest Financial Stability Review and his tone had a whiff of fear on a further credit crunch within the banking sector.

This concern has been heightened through an article in the Telegraph highlighting dire conditions in the Balkan states, in particular Latvia and Bulgaria. Both nations had their currency pegged to the euro with very negative results as GDP is dropping sharply. Unemployment is increasing and fiscal deficits are rising.

The concern is that this could spill over to lending nations such as Greece, Hungary and Italy. The Balkan headache is still thumping and going forward, could realize significant downward pressure on the euro. No direct effect on the markets as yet but definitely an area to watch.

The Bank of England is still on course this week to ask the government to increase the QE programme. The uncertainty of a recovery is obviously leading the MPC on the train of thought that too much too soon is a better prospect than too little too late.

In other news the Reserve Bank of Australia (RBA) left rates unchanged at 3% adding that economic conditions are better than expected. The AUD is a touch higher on the news.

For the UK this morning we have the release of UK industrial production for May, this is expected at +0.2 month on month. Sterling is looking for a good number to hold its current trading position against the majors.

Yesterday the pound managed to claw back slightly against the euro and remained flat against the USD but still sits in a precarious position ahead of the BoE announcement on Thursday.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

BlogCatalog - Finance

7. Sterling Under Pressure
Sterling Under Pressure

July 6, 2009

With Friday being a US holiday it was expected that we would see some volatility within the trading ranges. In UK trading we did not see a jot as the markets remained relatively quiet ahead of the weekend.

The situation changed in Asian trading as risk aversion was ratcheted up a couple of notches due to a few contributing factors. Firstly the hangover of the payroll data on Thursday was still apparent and undermined any move into risky assets.

In addition the civil unrest in China did not help. Here violence in the western region of Xinjiang has left at least 140 people dead and more than 800 people injured helping the case for risk aversion. We also have jitters ahead of the Obama-Medvedev meeting in Moscow on the reduction of nuclear warheads.

The US Dollar has made gains especially against sterling where it has moved below the crucial support of 1.62 to 1.6140 currently, this is a break lower in the recent trading range. Sterling has not been helped with news that the Bank Of England's monetary policy committee is expected to extend its programme of quantitative easing by 25 billion pounds this week. This is sterling negative, especially given the fact the Europe have not committed to extend their programme on QE. If the extension does proceed it is likely that this will be the last expansion of the QE programme by the Bank of England.

Not a great deal in terms of data today. We have Euro zone sentix investor confidence which is expected slightly better at -25 from previous -27. This stat underlines investor confidence towards the euro zone economy.

Watch out for sterling today as technically and fundamentally it is on the ropes. This is very apparent against the Japanese Yen where the rate has slumped to 153 from 159 at the end of last week. Against the USD the 1.60 level could now come under pressure and 1.15 against the euro, therefore this week is a big week for sterling to underline and consolidate its recent gains. If it breaks below the key levels mentioned it could be a case of mind the gap as we look then towards 1.55 and 1.10 again.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

BlogCatalog - Finance

8. Choppy Range Bound Trading Expected Today
Choppy Range Bound Trading Expected Today

July 3, 2009

Yesterday's non-farm payroll data came in weaker than expected with feedback that US employers shed nearly half a million jobs and the unemployment rate jumped to 9.5%.

This continues to fuel concerns on economic recovery and contributed to a broad sell off in the equities market with the Dow off 2%, the S&P 2.3% and the Nasdaq down 2.3% also. The dollar surprisingly did not gain on the news.

The swing towards risk aversion benefited the Japanese Yen to a greater degree. The jobs data serves another cold dose of reality for the markets and indicates the recovery road could be slow and bumpy. We have a US holiday today for Independence Day and the market will now focus on the US earnings period kicking off on Wednesday next week. However be careful of thin trading causing extra volatility within the current dollar trading ranges of 1.62-1.66 against sterling and 1.38- 1.42 on EUR/USD

Today we have eurozone retail sales, in April we saw the first increase for seven months with the Easter holiday and good weather helping the number. The consensus is for a slight decline for May. There was no change as expected in interest rates for the European central Bank. In the statement following the decision ECB president Trichet urged the banks to live up to their responsibilities and improve their capital base by taking advantage of government measures to re-capitalise.

He added that economic activity is likely to remain weak although the pace of decline will be less than the first quarter of this year. The ECB is not planning any new monetary policy initiatives.The Euro lost a little ground after the decision against sterling and the USD but nothing to get excited about.

Finally some good news for Ireland as June services PMI rose to 42.3 from 39.5 in May. The number is still below 50 which indicates contraction but the improvement will be well received.

Expect choppy and thin trading today with no real direction. we have already seen a dip in sterling from open across the board.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

BlogCatalog - Finance

9. Payroll Thursday
Payroll Thursday

July 2, 2009

Sterling lost more ground against the EUR and the USD yesterday as the repercussions of the lower GDP number continued to weigh it down. The euro was lifted following news from the OECD stating that there is no risk of deflation for the euro zone and a report from Reuters that the Chinese had asked for a new reserve currency to be discussed at the G8 next week.

EUR/USD pushed up to 1.42 before selling by the Bank of International Settlements and Russia eased it back to 1.41. The euro gained further against sterling forcing it back towards 1.16 and the lows of the current trading range.

Data from the UK yesterday was actually slightly better than expected with manufacturing activity shrinking at its slowest pace for a year. Although this raised hopes that GDP data will improve later in the year it was not significant to stop the slip in sterling.

Today the main focus will be on payroll data from the US out at 13:30 GMT. Non-farm payroll data is the most important data point for all financial markets and is released normally on the first Friday of each month (this month Thursday due to Independence day holiday tomorrow).

Reaction to the data can cause huge volatility in the FX markets led by the USD as sentiment and expectation are measured in real time. A good number is US dollar positive and a weak number USD negative in normal markets. However at the moment in the current economic climate a good number will add to the risk appetite bandwagon and could lead to a sell off in the USD on improved sentiment.

The number for June is expected around -365k and unemployment is expected a touch higher at 9.6% from 9.4% previously. If we see a 10-20% deviation from the expected, then hang on to your hats.

Also today we have the monthly European Central Bank meeting from the ECB. Rates are expected to be kept on hold at 1% but it will be the statement following that could affect the FX markets with any talk of additional QE measures (unlikely) moving the euro.

A big mover in the markets yesterday was the Polish Zloty which advanced to its highest level in six weeks against the euro. Poland has lined up a World Bank loan of $4.5 billion and the pace of manufacturing shrank so a double win for the currency yesterday.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

BlogCatalog - Finance

10. The S&P 500 index Overview for July
The S&P 500 index Overview for July

July 2nd 2009

The S&P index for July is showing signs of weakening. During March and April and again in May in June we saw a braod trading range.

Currently our monthly Trade Triangles are showing an upward trend but our weekly Trade Triangles are pointing down. This indicates a neutral market and traders should be on the sidelines at this time.

When we apply the Fibonacci tool it is pointing to a short position at around the 810 mark while the 880 mark is the key level to watch. We will be putting our stops at 783.32.

Additionally the MACD is pointing down so watch this market right now and be ready to act at the 810 mark.

Take a look at this video for a clearer picture of the S&P July update.

I hope you find the video informative, educational and profitable.

My regular readers will know that the video is free to watch and there is no need to register.

Let's hear from you on our blog!

All the best,
Go to it,
Good Trading,

Tom Nadir

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

BlogCatalog - Finance

11. Sterling Rally Muted Again
Sterling Rally Muted Again

July 1, 2009

Well yesterday certainly started well for sterling as it crashed through 1.66 against the USD and pushed over 1.18 against the euro.

Unfortunately, as has been the trend for sterling this did not last; in fact the rally was reversing ahead of the UK GDP data for the first quarter. The release of the data only catalysed the reversal. GDP came in at -2.4% which is the sharpest decline for over 50 years bringing in the annual fall to 4.9%.

Naturally the gloom merchants jumped on this news as a snappy headline against the backdrop of recent greenshoots. The implication for sterling was to pull it back into the range bound trading ranges that we have been seeing over the last two weeks of 1.62-1.66 against the USD and 1.15-1.1800 on the euro.

Going forward the continually contracting GDP data is obviously a concern but in my eyes expected; however as unemployement numbers normally lag behing GDP data then we should see unemployment rising more sharply than expected. The GDP data also highlights a move away from current forecasts for the UK economy, especially by the chancellor who expects growth of 1.25% next year.

The weak data for the UK helped the USD in particular in morning trading as the rate retraced from 1.675 to 1.66 by later morning. US consumer confidence data dropped to 49.3 in June from 54.8 in May- a bad number which exasperated a move into risk aversion started by weak UK GDP data. This led to further USD gains as Wall Street dipped on a sombre note and pushed cable down to 1.64. GBP/EUR also fell below 1.17 helped by better than expected German unemployment data.

The Japanese Yen came inder pressure even in the light of a move into risk aversion, losing ground against the euro and the USD. Overnight the Tankan manufacturing survey rose but to a lesser extent than expected. USD/YEN pushed to 97.00 from 95.00 levels with large US buyers noted. In other news China's manufacturing expanded for the fourth month in a row with PMI rising to 53.2 from 53.1 in May.

Look out for UK PMI data this morning at 9:30. It is likely to come in unchanged but another weak number following the GDP data could lead to a further slide for the pound to the lower end of the ranges.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

12. Apple versus RIMM...So What Happened?
Apple verus RIMM...So What Did Happen?

June 30th 2009

In the middle of May we looked at Apple and RIMM. Today we are reviewing that situation.

Adam Hewison, who produces these videos, shows clearly, precicely and clearly what has happened in the last six weeks or so.

Apple, Inc and RIMM , Research in Motion, Ltd are BIG market players.

This is how we keep an eagle eye on this market and you will also see how the strategy of "pair trading" or "trading pairs." works in real time.

What trading pairs means is that you buy one market while going short the other market in the same sector. Now Apple and RIMM are battling it out in the smart phone sector. We are waiting on the sidelines to see who gets the upperhand and that is to our advantage. Right now it looks as though Apple may have the upper hand based on its very successful "APP" store.

Trading pairs is what many professionals do when they are unsure as to the direction of the general market but feel pretty comfortable in their analysis of the relationship between two stocks.

I hope you find the video informative, educational and profitable.

My regular reader will know that the video is free to watch and there is no need to register ;-)

Let's hear from you on our blog!

All the best,
Go to it,
Good Trading,

Tom Nadir

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

13. Commodity Rally Sparks a Move on the Major CurrencieS
Commodity Rally Sparks a Move on the Major Currencies

June 30, 2009

Late trading yesterday on Wall Street and in Asian equities pushed up commodities; crude oil moved up 3.4%, copper and Gold also gained. This reflected increased risk sentiment in the markets. This led to the usual swings in the markets with the USD and Yen broadly sold.

EUR/USD pushed back up to 1.41, GBP/USD pushed over the 1.66 resistance level to a high of 1.6743 and GBP/EUR pushed through 1.18 to a high of 1.1850.

Sterling is also being underpinned by healthy data out overnight and this morning. UK Gfk consumer confidence data came in at -25, this is the highest reading in 15 months. In addition UK nationwide house price data was penned at +0.9% month on month. The house price data was a nice surprise for sterling as the market was expecting a drop of 0.5% following the 0.4% drop in May.

Naturally the report is still noting caution on the data but it does add to the sentiment that we are seeing a bottoming out in house price falls. Expect a little caution on sterling ahead of the GDP data at 09:30, if we see a good number here we could test further on the upside against the EUR and USD.

Look out for data from the US later in the form of consumer confidence and the Chicago Purchasing Managers Index, again if we see good data this should help the risk appetitie sentiment and fuel further sellling of USD.

We also have the Tankan survey from the Bank Of Japan later tonight which highlights forecasts for growth in the manufacturing sector, this is released against the backdrop of the jobless rate in Japan posting a 5 year high. An improvement is expeceted but given the weak jobless data and improved sentiment we could see the Yen weakne further along with the USD.

Yesterday Bernard Madoff the disgraced financier was jailed for 150 years for orchestrating the $65 bn fraud. The heavy sentence is a little pointless given that he is 71 years old, however it does reflect the severity of the crime and certainly sends a message to would be fraudsters...

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

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14. Little Change in Range Bound Markets
Little Change in Range Bound Markets

June 29, 2009

No major shifts in the markets as we maintain range trading across the board. Sterling has remained firm against the USD and has pushed up against the euro to 1.1780. Surprising really as an article in the Telegraph noted that Britain's national debt will quadruple according to Standard & Poors.

That is unless drastic steps are taken. The ratings agency is predicting that public sector debt could hit post war levels of 200pc of economic output. This will turn huge attention to election pledges for the next parliamentary term. Although rhetoric will not suffice and these pledges will need to be followed with hard action to maintain the AAA rating.

The USD is caught in no mans land as sentiment is helping the USD weaken and at the same time further comments from China that there will be no sudden change in China's reserve policy helped it firm. This was more noticeable against the Euro and the USD worked back from the 1.41 level to 1.40.

Some very interesting stances on the USD in relation to forecasts are developing. It seems there is a real divide between USD strength and further weakness. The dollar bulls are looking at the US dollar to gain as a safe haven on a prolonged slowdown and if the economy turns the corner the US will be ahead of the curve and that will lead to USD strength.

The dollar bears fear that suggested growth in the US is unfounded and high debt and low consumption will weaken the USD. Also in this scenario a lack of confidence for the USD as a safe haven will no doubt heighten.

The bulls are looking for EUR/USD to close the year at 1.50 and the bears 1.20 on EUR/USD. Data released from Japan showed that industrial output increased by 5.9% in May compared to April; a good number which is the third rise in a row for Japan but still 30% lower than the previous year and there is a fear that this momentum could slip in the coming months.

Looking at the week ahead for the UK we have Gfk consumer confidence overnight and Nationwide house price data tomorrow morning followed by UK GDP for the first quarter. Other important data releases will focus on the ECB interest rate meeting on Thursday and unemployment data for the euro zone.

For the US we have later in the week average hourly earnings and non-farm payrolls and unemployment data. I feel the markets will maintain their range trading for the week ahead with sterling struggling to forge a move higher and market uncertainty keeping the USD from pushing over 1.66 against the pound and 1.41 on the euro.

In other news Bernard Madoff will learn his fate today following his shocking "ponzi" scheme which amounted to the world's biggest financial fraud (that we know of) of $65 bn. He is arguing for a 12 year sentence, however his victims are pushing for 100 yeas ...or possibly a bit more (Ed)

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

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15. The Market Club Updates June 26, 2009
The Market Club Updates June 26, 2009

KEY EVENTS TO WATCH FOR:

Friday, June 26, 2009

8:30 AM ET. May Personal Income

Personal Income (expected +0.2%; previous +0.5%)

Personal Spending (expected +0.3%; previous -0.1%)

PCE Price Index Monthly (expected +0.1%; previous +0.3%)

PCE Price Index Yearly (previous +1.9%)

PCE Core Price Index Monthly (previous +0.1%)

PCE Core Price Index Yearly (previous +0.4%)

9:55 AM ET. June Reuters/Univ Of Michigan Consumer Confidence Index, final

Sentiment Index End month (expected 69; previous 68.7)

Sentiment Index Mid Month (previous 69)

Expectations Index End Month (previous 69.4)

Expectations Index Mid Month (previous 65.4)

12-Month Inflation Forecast (previous 3.1)

Value (Current Period) End Month (previous 67.7)

Value (Current Period) Mid Month (previous 74.5)

Discover how to have an instant analysis on any symbols sent to your inbox immediately.

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The September NASDAQ 100 was lower overnight as it consolidates some of Thursday's rally. Nevertheless, stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, the reaction high crossing at 1516.00 is the next upside target. Closes below Monday's low crossing at 1412.00 would renew this month's decline. First resistance is Wednesday's high crossing at 1476.75. Second resistance is the reaction high crossing at 1516.00. First support is the 10-day moving average crossing at 1450.97. Second support is Tuesday's low crossing at 1412.00. The September NASDAQ 100 was down 3.75 pts. at 1469.00 as of 5:52 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 Index was lower overnight due to light profit taking as it consolidates some of Thursday's rally. Stochastics and the RSI are turning bullish signaling that sideways to lower prices are possible near-term. Closes above the 20-day moving average crossing at 921.27 are needed to confirm that a short-term low has been posted. If September renews this month's decline, the reaction low crossing at 874.00 is the next downside target. First resistance is Thursday's high crossing at 917.50. Second resistance is the 20-day moving average crossing at 921.26. First support is the 10-day moving average crossing at 906.78. Second support is Tuesday's low crossing at 884.30. The September S&P 500 Index was down 3.60 pts. at 913.00 as of 5:59 AM CST. Overnight action sets the stage for a steady to lower opening by the September S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

16. USD Weakens on Better Outlook
USD Weakens on Better Outlook

June 26, 2009

Late afternoon and overnight the USD weakened across the markets as data came in better than expected.

The US economy shrank at an annualised rate of 5.5% in the first quarter of 2009. This was better than the expected contraction of a 5.7% decline. The data raises hopes that the economy has reached a bottom and that Q2 data will show further improvement in GDP.

The USD was initially performing strongly in trading yesterday as news that initial jobless claims had risen unexpectedly by 15,000 last week. This led to sentiment to lean towards caution especially given the Feds lack of clarity on future moves in their policy meeting. During the afternoon the USD experienced a sustained sell off against the majors with GBPUSD pushing up from technical support at 1.6250 to a high of 1.6499 in early trading. EUR/USD has also again pushed through the 1.40 level to sit at 1.4045 currently. US equities jumped higher with the S&P 500 up 2.1%, this carried through to Asia with the Nikkei climbing 2.2%. The gain in equities mirroring the improved sentiment following the GDP data.

Another reason for USD weakness can be attributed to the view that interest rates in the US will remain low for a considerable time- there was an expectation for a rate hike in early 2010 but the recent comments from the Fed suggest not. Looking at interest rates the early view on major economies is that a hike will be seen first by the Reserve Bank of Australia and then by the Bank of England- yield remains a key driver for currencies and the AUD and the pound could gain if this view permeates to the markets.

The economy in New Zealand continues to disappoint with GDP data coming in at -2.7% against expectations of -2.3%. This is now the fifth consecutive quarter of contraction for the economy and demonstrates the theme of an export driven economy experiencing more pain in the global slowdown.

The same story can be said of Germany. In fact the German finance minister Peer Steinbruck told the BBC that Germany must reduce its dependence on foreign trade. The problem is twofold for Germany and New Zealand in that the fall in demand has been coupled with a significant strengthening of the currency which further dampens the demand.

We expect another volatile day in the markets as sterling targets the technical high of 1.66 on the USD and the EUR aims to breach 1.41.

Same theme elsewhere in the fact that the AUD, ZAR,and NZD have firmed up on the increased appetite.

Keep an eye on the Swiss Franc as further intervention could occur if the CHF starts to strengthen against the USD or the EUR.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

17. The Internal Workings of the S&P 500
The Internal Workings of the S&P 500

June 25th 2009

This short video examines the internal workings of the S&P 500 index. This update uses the internal forces of the market to time new positions. It uses the free technical tools available in MarketClub to help time a position.

You will see three of tools we have at our disposal in use here. The first and most important tool used in this example is the Fibonacci retracement tool which works so well for this example.

Next is the Welles Wilder parabolic SAR. This tool is very useful for confirming entry and exit points when combined with our Fibonacci retracement tool.

Lastly, the MACD is used as a check on the other tools and is in agreement. This tool can help in timing the entry point using an intra-date chart.

The video is free to watch and there is no need to register.

Watch, listen, learn and enjoy this the video.

Now go to it,
Good Trading,

Tom Nadir

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

18. How Did Our Forex Trading Pairs Work Out?
How Did Our Forex Trading Pairs Work Out?

June 25th 2009

You will remember we saw Adam Hewison analyze 13 forex cross-rates in less than 11 minutes last week. Let's have a look at how they worked out.

As it turned out it wasn't too shabby but it could have been better. Of the 13, 5 turned out to be good ones. That is the trade triangle technology was pointing us in the right direction.

What this means is that both our daily and weekly Trade Triangles were in alignment indicating the direction for that particular cross.

Lets recap. We looked at the following cross rates on June 18th, 2009. The first number you see below is what that cross rate was trading at when we made the video last week:

USA/CAD was trading at 11335. Trade Triangles said to be long USD short CAD Now trading at 11490, that's a profit of 155 pips.

USA/NZD was trading at 5642. Trade Triangles said to be short USD long NZD Now trading at 5533 this is a profit of 109 pips.

CAD/CHF was trading at 9578. Trade Triangles said to be short CAD long CHF Now trading at 9531 this is a profit of 47 pips.

USDCHF was trading at 10869. Trade Triangles said to be short USD long CHF Now trading at 10952 for a loss of 83 pips.

Dollar Index play from 8034 when I made the video and is currently trading at 8023 for a gain of 11 pips.

Out of the five markets that showed the correct Trade Triangle configuration, 4 are profitable and 1 was showing a loss as of this writing.

Total Gain: 322 pips
Total Loss: 83 pips

Total Net: 239 pips

5 trades, 4 wins, 1 loss
80% win/loss ratio

3.87 pips gained for every pip lost

Now remember, this was all done in just 11 minutes and we analyzed 13 cross rates. It will always be like this and you will not always have this percentage of winners. However, if you trade using this Trade Triangle technology and are disciplined, diversified and follow the program, you will be a winner over time.

What I really like about these videos they are all done in real time.

Now you have seen it in action and know how to analyze the Forex markets really quickly and still come out as top dog!

All the best,

Tom Nadir

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

19. Free Options Mastery Course and Webinar
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This is the flagship product of the Options University and others have paid as much as $1,997 for it.

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While the "herd" got slaughtered last year, how the smart and savvy investors made out like "bandits" using options.

Undeniable proof that Ron Ianieri and Options University have been calling this market meltdown for well over a year and showing their students how to profit using options.

Important new reasons why now is the best time to be learning options and using them not only to protect against losses but also to get "back in the black" much faster than with stocks alone.

And most importantly, how to get a personal copy of the $1,997 training course on options (their Flagship Product) totally without charge and another $970 in complimentary bonuses and monthly "continuing education" training.

Here is where you will learn more about the give-away of Brett Fogle's Options Mastery Course. (Only 1000 copies)

There is also a webinar tonight , 9pm Thursday 25 June so join me there if you possible can, I look forward to meeting you.

To your successful trading,
Tom Nadir

Book your 9pm (EST) webinar place NOW.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

20. The Market Club Updates June 25, 2009
The Market Club Updates June 25, 2009

KEY EVENTS TO WATCH FOR:

Thursday, June 25, 2009

8:30 AM ET. June 20 Jobless Claims

Weekly Jobless Claims (expected 605K; previous 608K)

Weekly Jobless Claims Net Change (expected -3K; previous +3K)

Continuing Jobless Claims (previous 6687000)

Continuing Jobless Claims Net Change (previous �148000)

8:30 AM ET. 1 Quarter GDP, final

GDP (previous -5.7%)

GDP 2nd Est. (previous -5.7%)

Chain-Weighted Price Index 2nd Est. (previous +2.8%)

Chain-Weighted Price Index (previous +2.8%)

Corporate Profits 2nd Est. (previous +12.9%)

PCE Price Index 2nd Est. (previous -1%)

Purchase Price Index 2nd Est. (previous -1%)

Real Final Sales 2nd Est. (previous -3.4%)

10:00 AM ET. June 13 DJ-BTMU Economic Barometer (previous -0.9%)

10:00 AM ET. Fed Chmn. Bernanke testifies before House Committee on Merrill Lynch acquisition by Bank Of America in Washington

10:30 AM ET. June 12 EIA Natural Gas Inventories, in billion cubic feet

Total Working Gas in Storage (previous 2557)

Total Working Gas in Storage (Net Change) (previous +114)

11:00 AM ET. May Kansas City Fed Mfg Index (previous �3)

4:30 PM ET. June 15 Money Supply

4:30 PM ET. June 24 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings (previous 36.6B)

Primary Credit Borrowings W/E Daily Avg. (previous 36.18B)

Primary Dealer Borrowings (previous 0B)

Primary Dealer Borrowings W/E Daily Avg. (previous 0B)

Discount Window Borrowings (previous 122.97B)

Discount Window Borrowings W/E Daily Avg. (previous 123.74B)

4:30 PM ET. June 17 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings (previous 2.75T)

US Foreign Agency Holdings (previous 806.84B)

Foreign Treasury Holdings (previous 1.95T)

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THE STOCK INDEXES

The September NASDAQ 100 was lower overnight as it consolidated some of Wednesday's gains. Nevertheless, stochastics and the RSI are oversold and are turning neutral hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1465.65 would confirm that a short-term low has been posted. If September extends the decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 20-day moving average crossing at 1465.65. Second resistance is the reaction high crossing at 1516.00. First support is Tuesday's low crossing at 1412.00. Second support is the 25% retracement level crossing at 1399.87. The September NASDAQ 100 was down 2.50 pts. at 1444.75 as of 6:07 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 Index was slightly lower overnight as it consolidates some of Wednesday's rally. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline, the reaction low crossing at 874.00 is the next downside target. Closes above the 20-day moving average crossing at 920.36 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 907.65. Second resistance is the 20-day moving average crossing at 920.36. First support is Tuesday's low crossing at 884.30. Second support is the reaction low crossing at 874.00. The September S&P 500 Index was down 0.60 pts. at 897.60 as of 6:09 AM CST. Overnight action sets the stage for a steady to lower opening by the September S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

21. Lots of News and Volatility
Lots of News and Volatility

June 25, 2009

Lots to talk about on yesterday's trading day. Early in the trading day the OECD (organization for Economic Cooperation and Development) provided an upbeat assessment for the economy. The think tank pointed to a recovery albeit fragile in the OECD area for 2010.

For Britain it was not wholly optimistic, forecasting that the economy will contract by 4.3% in 2009 and stagnate in 2010. This goes against the grain of government forecasts of growth in 2010. It forecast that UK public debt will rise to 14% of GDP and this would prevent further stimulus action if required. GDP forecasts for other major economies show contractions of 2.8% in the US, 6.8% in Japan and 4.8% in the eurozone.

Sterling is a little weaker this morning against the USD and the Euro. Dissidence between Mervyn King and the government on fiscal policy is not helping sterling's cause. Mr King was stated that the "scale of the deficit is truly extraordinary" and he criticized the lack of a long term plan of fiscal policy which has essentially undermined the governments actions to date.

The buzz words now are long term and sustainable as the bottom is perceived in major economies; attention will turn to sustainable recovery and planned action for public debt against the previous reactive measures introduced in the face of the sharp downturn. Sterling should improve with improving economic conditions and economic confidence but steps must be taken now to reduce the UK deficit or the UK economy could suffer a relapse.

Spencer Dale recently noted that the weak pound was helpful to economic conditions in the UK, the market took the view that he was talking down the pound following recent gains. The SNB (Swiss National Bank) went one step further. The Bank for International Settlements (BIS) which traders said were acting on behalf of the SNB, sold the franc against the euro and the dollar.

The SNB declined to comment on the intervention which led to the franc weakening sharply across the markets- this also firmed up the euro and the USD.

Yesterday saw unprecedented liquidity funding from the ECB to lend at 1% for 1-year refinancing- this attracted 1120 banks in return for approximately $500 billion. The key question for the euro is how much of this funding will be converted to other currencies and when- this could weaken the euro over the next few sessions.

Finally we saw the recent Fed meeting last night; no huge surprises here. Their assessment was moderately upbeat confirming that the pace of contraction was slowing. The FOMC underlined however that rates will be kept low for some time. The dollar gained in the run up and following the release making all the ground lost earlier in the day against sterling. This highlights the uncertainty in the markets especially surrounding key data snaps.

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22. The Market Club Updates June 24, 2009
The Market Club Updates June 23, 2009

KEY EVENTS TO WATCH FOR:

Wednesday, June 24, 2009

7:00 AM ET. June 19 Mortgage Applications

Market Composite Index (previous 514.4)

Market Composite Index Cur Chg (previous -15.8%)

Purchase Index (S.A.) (previous 261.2)

Purchase Index (S.A.) Cur Chg (previous -3.5%)

Refinance Index (previous 1998.1)

Refinance Index Cur Chg (previous -23.3%)

8:30 AM ET. May Durable Goods

Total Orders (expected -0.8%; previous +1.7%)

Orders, Ex-Defense (previous +1%)

Orders, Ex-Transportation (previous +0.8%)

10:00 AM ET. May New Home Sales

Overall Sales (expected 360K; previous 352K)

Percent Change (expected +2.3%; previous +0.3%)

10:30 AM ET. June 19 US Energy Dept Oil Inventories

Crude Oil Stocks (previous 357.72M)

Crude Oil Stocks (Net Change) (expected -1.3M; previous -3.87M)

Gasoline Stocks (previous 205.03M)

Gasoline Stocks (Net Change) (expected +1M; previous +3.39M)

Distillate Stocks (previous 150.03M)

Distillate Stocks (Net Change) (expected +600K; previous +308K)

Refinery Usage (expected 86%; previous 85.9%)

N/A Two-Day FOMC meeting continues; interest rate decision
expected around 2:15 p.m. EDT

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THE STOCK INDEXES

The September NASDAQ 100 was higher due to short covering overnight as it consolidated some of this week's decline. Stochastics and the RSI are becoming oversold but remain bearish signaling that sideways to lower prices are possible near-term. If September extends the decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 10-day moving average crossing at 1452.62. Second resistance is the 20-day moving average crossing at 1463.37. First support is Tuesday's low crossing at 1412.00. Second support is the 25% retracement level crossing at 1399.87. The September NASDAQ 100 was up 5.75 pts. at 1429.75 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 Index was higher due to short covering overnight as it consolidates some of Monday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends the decline, the reaction low crossing at 874.00 is the next downside target. Closes above the 20-day moving average crossing at 920.27 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 911.28. Second resistance is the 20-day moving average crossing at 920.27. First support is Tuesday's low crossing at 884.30. Second support is the reaction low crossing at 874.00. The September S&P 500 Index was up 3.60 pts. at 893.80 as of 6:03 AM CST. Overnight action sets the stage for a higher opening by the September S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

23. USD Weakens Ahead of the FOMC Meeting
USD Weakens Ahead of the FOMC Meeting

June 24, 2009

Yesterday started quietly enough as the markets consolidated the previous days volatility following the downgrading of global growth by the World Bank. That was until the Euro rocketed up against the USD and sterling. Surprising really considering the recent scent of unrest with European banks and ongoing questions on the debt concerns in Germany.

The Euro picked up from 1.38 through the 1.40 level and sterling dropped to 1.1630 against the euro. So why the euro strength? The dollar should have been well positioned following the affirmation of its AAA rating and the recent swing to risk aversion.

The euros gains could be attributed to comments from Weber that the ECB do not plan to expand their QE programme or there could have been a shift to the euro ahead of the ECB's first auction on their QE programme for 1-year funding at 1%. However the reason attributed in trading circles is simply down to a large order being filled and huge demand arising from a US investment bank and then overnight in Asia.

Looking at the markets this morning sterling has made good gains against the USD and recovered some ground on the euro. The lack of further equity losses being broadly sterling positive. Tonight we have the monthly meeting on interest rates in the US, the FOMC are not expected to move interest rates but they will comment on their QE measures introduced.

The USD is on the backfoot as the market does not feel that the Fed can allay concerns over the QE programme. In addition the Fed will probably re-assert its position on keeping interest rates low for some time to come- again this is USD negative.

Data today already released from the OECD (Organization For Economic Co-operation and Development) says the economic outlook has improved for the first time in 2 years. Good news but the report also noted that soaring unemployment and ballooning deficits could knock the recovery off its track.

Looks like its going to be another volatile day today with a weaker USD driving movements. Looks like its going to be another volatile day today with a weaker USD driving movements. Commodity currencies remain under pressure following Tuesdays sell-off with AUD, NZD CAD ZAR looking fragile. I would expect to see broad USD weakness today against the major currencies ahead of the FOMC meeting

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

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24. The Market Club Updates June 23, 2009
The Market Club Updates June 23, 2009

KEY EVENTS TO WATCH FOR:

Tuesday, June 23, 2009

7:45 AM ET. June 2 ICSC/Goldman Sachs Chain Store Sales

Chain Store Sales Index - WoW (previous -0.6%)

Chain Store Sales Index - YoY (previous -1.5%)

8:55 AM ET. June 2 Redbook Index

MoM % Change (previous -4.5%)

12MonChgPct (previous -4.6%)

52WkChgPct (previous -4.8%)

10:00 AM ET. June Richmond Fed Survey

Manufacturing Index (previous 4)

Retail Revenues Index (previous �13)

Services Revenue Index (previous �29)

Shipments Index (previous 9)

10:00 AM ET. May Existing Home Sales

Total Sales (expected 4.8M; previous 4.68M)

Percent Change (expected +2.6%; previous +2.9%)

4:30 PM ET. June 1 API Oil Industry Report

Crude Stocks (Net Change) (previous -1.26M)

Gasoline Stocks (Net Change) (previous +2.14M)

Distillate Stocks (Net Change) (previous +881K)

Refinery Runs (previous 83.3%)

5:00 PM ET. June 2 ABC/Washington Post Consumer Confidence Index (previous �49)

N/A Two-Day FOMC meeting begins; interest rate decision expected around 2:15 p.m. EDT Wed.

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THE STOCK INDEXES

The September NASDAQ 100 was higher due to short covering overnight as it consolidated some of Monday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends last week's decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 20-day moving average crossing at 1462.35. Second resistance is the reaction high crossing at 1517.75. First support is Monday's low crossing at 1421.25. Second support is the 25% retracement level crossing at 1399.87. The September NASDAQ 100 was up 3.50 pts. at 1431.50 as of 5:53 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 index index was higher due to short covering overnight as it consolidates some of Monday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends the decline, the reaction low crossing at 874.00 is the next downside target. Closes above the 20-day moving average crossing at 920.16 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 915.89. Second resistance is the 20-day moving average crossing at 920.16. First support is the overnight low crossing at 886.70. Second support is the reaction low crossing at 874.00. The September S&P 500 Index was up 5.00 pts. at 893.60 as of 5:55 AM CST. Overnight action sets the stage for a higher opening by the September S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

25. World Bank Downgrade Snaps the Recent Risk Driven Rallies
World Bank Downgrade Snaps the Recent Risk Driven Rallies

June 23, 2009

Yesterday the World Bank predicted that the global economy will contract 2.9% this year compared to their previous forecast of a 1.7% decline.

This caused a seismic shift in the markets as the wave of risk driven rallies crashed and petered out as concerns that recent "green shoots" will not be sustainable.

The effects in the markets were significant; equities were driven lower, the S&P down 3%, Nikkei down 2.8% and the Dow falling over 2%. Oil and Commodities tumbled as investors jumped into safer harbours. Oil fell 4%, Copper over 5% and Gold hit its lowest level since mid-May.

In the currencies the moves were very apparent. We saw the AUD unwind significantly against the USD and the CAD also offloaded recent gains retreating to over 1.15 against the USD.

So the big losers were the commodity driven currencies and the main gainers being the "safe haven" currencies namely the USD and Japanese Yen.

So did the market get ahead of itself?

It is hardly surprising that we have hit a barrier in the drive for recovery. It would be naIve to think that we would see a "V" shaped global recovery and in fact that we could even predict a recovery in such uncertain and unchartered conditions.

The mood was not helped by the fears of banking issues in the Eurozone and concerns over German debt. Look out for the ECB's first auction of one-year funding tomorrow, As the auction is open to foreign banks along with European banks this could lead to funds moving out of euros into other currencies.

The USD was also boosted as a safe haven port by comments from Moody's that the triple-A rating is safe; risks to the rating would arise if the government is unable to bring a downward trajectory on debt and if the US dollar is challenged as the main reserve currency. Data today from Europe confirmed that June PMI which measures activity in the manufacturing and services sector came in weaker than expected, however the euro is up this morning against the USD and the GBP as stress tests on Greek banks were positive.

In the UK mortgage approvals came in better than expected, however net lending was down. Sterling is under pressure against the Euro and the USD following the dip in market confidence.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

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26. The Market Club Updates June 22, 2009
The Market Club Updates June 22, 2009

KEY EVENTS TO WATCH FOR:

Monday, June 22, 2009

N/A No major economic indicators scheduled.

Click to have an instant analysis on any symbols sent to your inbox immediately.

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The September NASDAQ 100 was lower overnight due to profit taking as it extends last week's trading range. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends last week's decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 10-day moving average crossing at 1469.07. Second resistance is the reaction high crossing at 1517.75. First support is last Wednesday's low crossing at 1437.75. Second support is the 25% retracement level crossing at 1399.87. The September NASDAQ 100 was down 12.25 pts. at 1451.75 as of 5:55 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 index was lower overnight as it consolidates below the 20-day moving average. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends last week's decline, the reaction low crossing at 873.10 is the next downside target. Closes above the 10-day moving average crossing at 922.11 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 921.70. Second resistance is the 10-day moving average crossing at 922.11. First support is last Wednesday's low crossing at 899.50. Second support is the reaction low crossing at 873.10. The September S&P 500 Index was down 6.80 pts. at 908.90 as of 5:56 AM CST. Overnight action sets the stage for a lower opening by the September S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

27. Mixed Reports from the Eurozone
Mixed Reports from the Eurozone

June 22, 2009

Looking at the markets this morning the euro has started on the back foot. The reason for the fall in the euro is due to banking fears again creeping into the scene. The European Central Bank has warned that the region may face another 283 billion euros of losses by the end of next year and it seems that the skeletons are still appearing for Europe's banking sector.

Further writedowns are likely to appear in most major economies, however the scale of the losses in the Eurozone is likely to weigh on the euro going forward. An article in the Wall Street Journal also highlighted the plight facing the German economy stating that "weaker tax revenue, soaring welfare bills and new spending for bank bailouts and fiscal-stimulus measures could increase Germany's debt by more than 100bn euros next year".

Further write downs and ballooning debt will certainly undermine the euro, especially given the conservative stance so far taken by the ECB. The German Ifo business climate survey released already shows an improvement in June to 85.9 from 84.2 in May, the business expectation index also rose to 85.90 in June from 84.30 in May.

This is good news for Germany but has not helped the euro gain as the market takes that data with a heavy pinch of salt given the weaker sentiment shrouding the euro-zone and Germany as mentioned earlier.

In the UK, Rightmove has reported a 0.4% month on month fall in house prices which has bucked the trend of recent improvements in housing sector data. The Bank Of England also identified weakening of lending in its last survey for April. Sterling so far has not been dented in the weaker data, it seems that the market does not expect back to back improvements in house prices at this point.

Looking at the week ahead the main focus is on the Fed rate decision on Wednesday evening. The Fed are not expected to move on interest rates although their response to QE measures already introduced and possible further measures could surprise the markets.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

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28. 5 Free Chapters of Trading 'Secrets'
Claim Your 5 Free Chapters of Trading 'Secrets'

The developer of a trading course designed to flourish in any market and any time frame verified that for a short time he's giving away the first 5 chapters of this step-by-step, A to Z trading 'secrets' course for the first time.

It's the smart traders that take that extra 15 seconds throughout their day to acquire extra trading knowledge wherever they can get it.

Read these chapters to discover the quickest way to maximise your profit potential.

You are already ahead of most traders who don't take the time to acquire new knowledge. Here's a summary of what you smart traders will get with my compliments in this 5 chapter trading preview.

** Introduction

** The Top 11 Trading Myths

** The Bad News & The Good News

** Tools

** Trading Indicators & Methods

And also, you're also going to get 3 extra bonus eBooks that you can add to your personal Wealth Archive.

** Discovering Stock Trading's Winning Edge

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Go ahead, take 15 seconds and claim your 5 chapters of these trading 'secrets'plus grab your 3 complimentary eBooks.

Good Trading,
Tom Nadir

There are also free educational trading videos here for you with my compliments.

The contents of this report are compiled by Tom Nadir for your information purposes only.

29. Forex Trading Pairs Analyzed Quickly
Forex Trading Pairs Analyzed Quickly

June 19th 2009

Analyzing forex trading pairs can be a great way to take quick profits from any given pair of cross rates. It can also be time consuming but with the MarketClub "Trade Triangle" technology the job is a lot quicker and simpler.

In this short video you will see how 13 forex pairs and the the dollar index are analyzed in a few minutes.

Right now the Australian dollar is performing well against USD, GBP and the YEN.

How does the AUD compare with the SWISS FRANC or the US dollar aginst the SWISS FRANC ? If you can access this information quickly, easily and accurately you will be in a postion to make some good profits because you will insantly know whether you should be short or long, selling or buying in any of the markets.

Using our technology for analyzing cross rate trading the euro and the pound for example or the Aussie dollar and the euro could not be simpler and opens many opportunities for you.

I suggest you watch this short video with my compliments, then you will know exactly what to look for when you go into a market.

Remember, as always, there no need for registration or plugins.

When you have watched it, I am sure you will see how you can benefit from these indicators.

All the best,

Tom Nadir

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

30. Mixed Data Leads to Range Trading
Mixed Data Leads to Range Trading

June 19, 2009

The currency markets settled into range trading yesterday as mixed market data continued to cloud the outlook for global economies. Sterling dipped sharply following unexpectedly weak retail sales data which reinforced recent words of caution from the Bank Of England and Mr Darling. The pound managed to claw back most of the losses in later trading and this bodes well for the technical strength of the pound which could see it form a base for a move towards 1.20 against the euro and 1.65 on the USD.

Focusing on data yesterday from the US, weekly jobless claims rose modestly to 608,000 and there was a decrease in continuing claims. This indicates that the pace of lay-offs has fallen and added optimism to the markets as employers look to retain staff with the view of an expected rise in business activity going forward. In addition, the Philly Fed survey on the manufacturing sector showed a rise to -2.2 in June from -22.60 in May, although still in contraction the data is much healthier than expected. This helped to calm jitters and lift activity in riskier assets, the AUD posted gains against the YEN , USD and GBP and the Kiwi dollar also gained.

In other news, German producer prices came in as expected and EU leaders stated that further budget stimulus was not warranted at the present time. Leaders also backed the reform of financial supervision following news from the UK and the US on this topic; the EU will plan a creation of pan-European standard-setting and risk monitoring bodies in 2010. EU leaders are expected today to back a plan for a quick disbursement of the next installment of aid to Latvia. The Euro is looking stronger against the USD but remains under pressure against sterling.

Figures from yesterday showed that Britain's public finances fell with net borrowing rising to nearly 20 billion pounds. Also a report from the Bank Of England showed that lending to British businesses fell by 5.4 billion pounds in April, not a good indicator for easing credit conditions. Sterling was not dented on the news but growing debt and tight credit conditions going forward will weigh on the pound.

The Swiss National Bank (SNB) said that it would continue to act to prevent the appreciation of the Swiss Franc against the euro- the SNB intervened on March 12 and again through the Bank for International Settlements on May 15th. The Swiss Franc was a major gainer during the global slowdown and the SNB are proactively trying to maintain a leash on the strength of the Franc.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

31. The Market Club Updates June 18th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Thursday, June 18, 2009

8:30 AM ET. USDA Weekly Grain Export Sales Reports

8:30 AM ET. June 1 Jobless Claims

Weekly Jobless Claims (expected 603K; previous 601K)

Weekly Jobless Claims Net Change (expected +2K; previous -24K)

Continuing Jobless Claims (previous 6816000)

Continuing Jobless Claims Net Change (previous +59K)

10:00 AM ET. May Conference Board Leading Indicators

Leading Index (expected +1%; previous +1%)

Coincident Index (previous -0.2%)

Lagging Index (previous -0.5%)

10:00 AM ET. June 6 DJ-BTMU Economic Barometer (previous 0%)

10:00 AM ET. June Philadelphia Fed Manufacturing Index

Click to have an instant analysis on any symbols sent to your inbox immediately.

Business Activity (expected -18; previous -22.6)

Prices Paid (previous -22.8)

Employment (previous -26.8)

New Orders (previous -25.9)

Prices Received (previous -33.8)

Delivery Times (previous -18.1)

Inventories (previous -28.6)

Shipments (previous -19)

10:30 AM ET. June 5 EIA Natural Gas Inventories, in billion cubic feet

Total Working Gas in Storage (previous 2443)

Total Working Gas in Storage (Net Change) (previous +106)

4:30 PM ET. June 8 Money Supply

4:30 PM ET. June 1 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings (previous 35.41B)

Primary Credit Borrowings W/E Daily Avg. (previous 36.87B)

Primary Dealer Borrowings (previous 0)

Primary Dealer Borrowings W/E Daily Avg. (previous 0)

Discount Window Borrowings (previous 123.99B)

Discount Window Borrowings W/E Daily Avg. (previous 110.61)

4:30 PM ET. June 1 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings (previous 2.75T)

US Foreign Agency Holdings (previous 811.09B)

Foreign Treasury Holdings (previous 1.93T)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The September NASDAQ 100 was lower overnight and is poised to renew this week's decline. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Tuesday's close below the 20-day moving average crossing at 1452.77 confirms that a short-term top has been posted. If September extends this week's decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 10-day moving average crossing at 1475.52. Second resistance is last Wednesday's high crossing at 1517.75. First support is Wednesday's low crossing at 1437.75. Second support is the 25% retracement level crossing at 1399.87. The June NASDAQ 100 was down 7.75 pts. at 1445.75 as of 5:57 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P500 index was lower overnight as it extends this week's decline below the 20-day moving average. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends this week's decline, the reaction low crossing at 873.10 is the next downside target. Closes above the 10-day moving average crossing at 925.86 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 918.27. Second resistance is the 10-day moving average crossing at 925.86. First support is Thursday's low crossing at 899.50. Second support is the reaction low crossing at 873.10. The September S&P 500 Index was down 0.70 pts. at 904.60 as of 5:59 AM CST. Overnight action sets the stage for a lower opening by the September S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

32. Surprise Drop in UK Retail Sales
Surprise Drop in UK Retail Sales

June 18, 2009

Following yesterday's cautious assessment from the Bank Of England, sterling dipped after a good run. The dip in sterling yesterday was not hugely significant (1% against the euro and 0.8% against the USD) but it does dampen recent expectations of targeting 1.20 on the EURO and 1.70 against the USD.

Data just released in the form of UK retail sales was much worse than expected falling 0.6% month on month against a forecast of a 0.4% rise. This brings the fall in retail sales to -1.6% on a year on year basis!

The fall in retail sales is a big surprise and bucks the trend of recent gains on retail sales in April and May. The fall has been attributed to poor sales of clothing, footwear and sales by department stores. It is worth noting that online retail sales posted the slowest growth rate in the surveys nine year history dropping 3.5% from April's level. This identifies that both on the street and on-line sales are suffering as the economic slowdown maintains its hold with consumers.

Sterling dipped sharply on the news against across the markets dropping a full cent against the US dollar and 0.6% against the euro.

David Blanchflower (former MPC member) warned that we have yet to realize how painful economically the next few years will be, Blanchflower's opinion is well regarded as he was one of the few voices warning of the full economic impact of the sub-prime fall out before the reality of it kicked in.

Mervyn King, in a speech at Mansion House emphasized the need for a clear plan to reduce deficits in the next parliament; this will be key for the future performance of sterling and the USD as concerns are mounting on the spiralling debt levels.

Lack of a clear plan to reduce this debt will lead to weakness in USD and the pound.

On to regulation. Alistair Darling in his speech called for banks to focus on long term wealth creation and not short term profits, noting that the process of learning has to start in the boardroom. This is fine rhetoric but can it be assured?

Mervyn King wants the Bank Of England to have more say in financial regulation contrasting to Darling's view that the current system is adequate. Similarly in the US Barack Obama in between swatting flies has come up with some new proposals to try to safeguard the US economy from a repeat of recent issues.

The theme of the proposals was to increase power and accountability for the Federal Reserve and to get banks to raise additional capital going forward. Whilst the regulatory discussion are not having a direct bearing on the markets- it is critical that this dealt with along with spiraling debt in order to increase confidence in the UK and US economies moving forward.

Looking at the USD we did see some weakness in trading yesterday as lower inflation data essentially underlined the necessity to maintain interest rates at low levels for some time to come.

In other news a report in Australia showed that the Reserve Bank of Australia sold over 1 billion AUD in May to try to suppress the strength of the currency- this just shows the demand for the AUD as a higher yielding commodity currency in the last month.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

33. S&P 500 at Two Week Low - What Comes Next?
S&P 500 at Two Week Low - What Comes Next?

June 17th 2009

I would like to share this look at and analyse the S&P 500 with you.

The SP 500 index is showing down on the 200 Day indicators yet up on the 50 Day. While it is in the trading range the MACD shows a downward trend putting pressure on the market.

The tenor of the market has changed so it may be well to expect a downward erosion at this time.

In addition to the two trend lines that are graphically illustrated in this short video,

there are also two other tech indicators to take note.

I suggest you make the effort to watch this short video with my compliments.

Remember, as always, there no need for registration or plugins.

When you have watched it, I am sure you will see how you can benefit from these indicators.

All the best,

Tom Nadir

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only.

34. Risk Trades Shelved For Now
Risk Trades Shelved For Now

June 17, 2009

A quick look at yesterday's movements in the markets saw sterling maintain its trade weighted highs following better than expected CPI data- against the euro we peaked at 1.1860 and recovered against the USD from 1.62 to 1.65 before US data turned the trend. EUR/USD also edged back to 1.39 as the USD was sold off following its previous day gains.

Recently we are seeing a market torn between risk appetite and risk aversion- this is dominating the currency markets with flows in and out of the USD and YEN still dictating. Looking at data from the US we saw that housing starts jumped 17.2% to 532,000 new units from Aprils low of 454,000

A good number but still 45.2% down on last year, at the same time we saw Industrial Production fall 1.1% in May from April which was worse than expected and suggests that the economy is still struggling to pull through its recessionary period.The mixed data led to a pull back in the markets as the USD gained on the weaker Industrial Production data.

Focusing on sterling this morning we have already seen unemployment data and the Bank Of England minutes. The unemployment data came in better than expected at +39.3k in May against a forecast of +60k. The BoE minutes showed a vote of 9-0 to keep rates at 0.5% and to maintain the current level of 125 billion on Quantitative Easing. The BoE pointed out that the rise in sterling could reduce net trade and CPI pressures in the short term and credit supply remained constrained- on the back of this sterling has made a swift u-turn from the initial rally on the data and is now dipping against the USD, EURO and YEN.

The news that British Airways are asking 40,000 of its staff to work for free for 1 month is also a stark reminder of the tough conditions in the UK economy and does not help sterling's cause.

Onto the BRIC meeting and the political leaders said they wanted to take a larger role in the world financial system. Especially as their foreign reserves grow. The BRIC leaders are divided between supporting the US dollar. As it is the only choice for now and advancing the march for an alternative. The meeting has not had a direct impact on the markets but will affect future sentiment on the USD.

Yesterday we saw a good ZEW report from Germany which identified both better sentiment and improved current conditions. This is indeed a surprise following sharp contraction and rising unemployment in Germany.

Later look out for the UK Chancellor making probably his most important speech in recent times at the Mansion House dinner. Within his address, he is expected to say that he will not alter the UK's regulatory regime between the BoE, Treasury and FSA.

Also, the US President, Barack Obama, will reveal plans for a system of financial regulation that gives the Federal Reserve primary responsibility for averting and mitigating future financial problems.

Report by Phil McHugh

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Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

35. The Market Club Updates June 16th 2009
The Market Club Updates

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Find out what makes INO TV the right place for you.

Currency Market Updates are compiled by Tom Nadir.

36. Equities Fall as Markets Stutter
Equities Fall as Markets Stutter

June 16, 2009

Yesterday's cautious note led to a pronounced sell off in the equity markets as fresh concerns over the global economy sparked a sell off. The Nikkei was down 2.5%, the Dow was 2.1% lower and the Nasdaq slumped 2.3%. Tthe fall in the US stocks was the worst slide in a month.

It seems the market is now looking for more definitive signs that the economy is improving over sentiment. Weaker regional manufacturing data did not help the markets and also the news of a protestor death in Iran spooked the markets. The USD and the YEN both made gains yesterday with GBP/USD retracing back to 1.62 and EUR/USD back to 1.3750.

The USD is also under scrutiny ahead of the meeting of BRIC leaders- BRIC is an acronym that refers to the fast growing economies of Brazil, Russia, India and China. The leaders are to discuss mutual trade settlements and reserve investment in BRIC currencies. Russian PM Medvedev is calling for the creation of new reserve currencies outside the USD, at the same time Russian finance minister Alexi Kudrin said yesterday that he had confidence in the dollar and that there were no immediate plans to switch to a new reserve currency.

Kremlin aide Sergei Prikhodka also noted that BRIC leaders did not intend to discuss new reserve currencies in any great depth. The practicalities of looking for an imminent switch to a new reserve currency would be difficult to achieve but it will be interesting to see if a future plan to diversify away from USD will be discussed in depth. Naturally the USD will lose value on plans/discussion for a new reserve currency.

Sterling is continuing its bull run as data this morning confirms that May CPI rose 0.6% month on month which is stronger than the forecasted 0.3% gain. Some analysts feel this may increase the chance of a rate hike from the Bank Of England, however I think low rates will be on the cards for sometime and the Bank Of England will be nervous of too much inflationary pressure. Sterling is pushing higher against the euro and the USD, however it is back under 160 against the YEN.

Report by Phil McHugh

Receive daily currency rate updates and market commentaries direct to your e-mail daily FREE from Currencies Direct

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

37. Is This a Turning Point in Forex Trading?
Is This a Turning Point in Forex Trading?

June 16 2009

This new course from Bill Polous was due for release in the Fall, but because of extreme interest from the Forex trading community, he put all his other projects on hold in order to release it this week.

Based on the early feedback he's been receiving from those lucky enough to see a preview copy, it looks like this may be a turning point in Forex trading.

Why?

Because Bill does everything in his power to give you the "keys to the kingdom" where you understand EXACTLY what to do when you go to place a trade. There's never any second guessing or wondering.

CAUTION: This is NOT for "systems junkies", or individuals who like to let others make their trading decisions.

But it IS for traders who like to have FULL CONTROL of their destiny in the markets.

IT'S ALL ABOUT YOU

This new method is designed with YOU and YOUR schedule in mind. It's all about giving you the flexibility you need in your busy day to trade in as little as 20 minutes or even all day long if that's what you have time for.

Bill is only planning on releasing a limited amount of courses in the next week that show you how to find trade setups quickly, protect your position with a sort of "risk shield" and then look for profit as fast as possible so you can move on to the next trade.

So if you want to< p> * Triple your profit potential by simultaneously looking at the short, intermediate, and longer-term trends and then automatically using the dominant trend to virtually ensure your edge and give you the best chance for a successful trade.

* Get started quickly and place your first trade with as little as a $500 trading account when you use "mini lots".

* Trade in as little as 20 minutes or all day long by customizing your daily trading plan with the timeframes of your choice to fit your changing schedule.

* Enjoy frequent and fast trades from start to finish by quickly identifying only the highest-probability, lowest-risk trades.

* Practically "rub out" account-crippling losses by using simple yet profoundly powerful risk management rules. It's like having a Forex "Risk Shield" so you're protected at all times.

* Become an independent trader and stop relying on so-called gurus, black box systems, or other gimmicks. Be totally confident when you know what to do every time, no matter what happens in the markets.

...then check out the open letter Bill wrote for you that describes all the details:

Read the letter here.

I hope you're as excited as I am about this.
Stay tuned for more soon.

Good Trading,
Tom Nadir

The contents of this report are compiled by Tom Nadir for information purposes only. .

38. The Market Club Updates June 15th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Monday, June 15, 2009

8:30 AM ET. June NY Fed Empire State Survey

Manufacturing Index (previous -4.55)

Employment Index (previous -23.86)

New Orders Index (previous -9.01)

Prices Received Index (previous -27.27)

9:00 AM ET. April Treasury Intl Capital Flows, in dollars

To have an instant analysis on any symbols sent to your inbox immediately, Click this link

Monthly Net TIC Flows (previous 23.2B)

Net Foreign Acquisition of
Long-Term Securities (previous 36.9B)

Net Foreign Acquisition of US
Agency Debt (previous -15.6B)

Net Foreign Acquisition of US
Corp Bonds (previous 3.5B)

Net Foreign Acquisition of US
Equities (previous 13.2B)

Net Foreign Acquisition of US
Treasury Bonds & Notes (previous 55.3B)

Net Long-Term Securities
Transactions (previous 55.8B)

1:00 PM ET. June NAHB Housing Index

Housing Market Index (previous 16)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was lower overnight due to profit taking and is trading below the 10-day moving average crossing at 1488.15. Stochastics and the RSI are overbought and are turning bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1446.17 would confirm that a short-term top has been posted. If June extends this spring's rally, the 50% retracement level of the 2008-2009-decline crossing at 1566.62 is the next upside target. First resistance is last Wednesday's high crossing at 1517.75. Second resistance is the 50% retracement level crossing at 1566.62. First support is the overnight low crossing at 1468.00. Second support is the 20-day moving average crossing at 1446.17. The June NASDAQ 100 was down 14.25 pts. at 1472.25 as of 5:55 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends this month's trading range. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009 decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 919.73 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 957.20. Second resistance is the 38% retracement level crossing at 1040.33. First support is the reaction low crossing at 922.70. Second support is the 20-day moving average crossing at 919.73. The June S&P 500 Index was up 2.60 pts. at 944.70 as of 5:56 AM CST. Overnight action sets the stage for a lower opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

39. Caution is the Buzz Word
Caution is the Buzz Word

June 15, 2009

The CBI (Confederation of British Industry) commented that the recession will be shorter and less severe than previously expected. The CBI believes that the pace of contraction will moderate by the end of this year and moderate growth will materialise early next year. They also scaled back their forecast for unemployment from 3.2m to 3.03m by the second quarter of 2010.

However it warned that the recovery would be "slow and gradual" and it would take time to judge whether recent good news will turn into sustainable growth in the economy. This echoes the caution noted by Alistair Darling and comments from Bank Of England officials.

Sterling continues to hold respectable levels across the markets, it has retraced a little against the US dollar which is due to US dollar strength over sterling weakness which we will go into shortly.it has this morning hit a new 2009 high of 1.18 against the euro and holds above 160 against the Japanese Yen.

The euro is under pressure this morning against the USD and sterling following an article in the Daily Telegraph reporting of warnings to be released on the credit conditions in Germany. The DIHK survey to be released this week is expected to confirm that credit conditions for large German companies are not easing despite the interest rates being cut to 1%.

This will be a definitive blow for the Eurozone as it essentially affirms that the ECB have not done enough in easing credit conditions. This could lead to the ECB embracing further Quantitative Easing measures. The problem for the Eurozone and the euro is that these measures will not commence until July and could see the Eurozone sticking out like a sore thumb as other major economies drive towards receovery. This will naturally be euro negative.

On top of this negative slant for the euro, IMF's Strauss-Kahn has re-empahsised concerns over the budget situation in Latvia, he said "The IMF is especially concerned about the fact that the necessary measures which have to be undertaken to fix the important budget deficit should not hurt the poor, primarily." Escalation of budgetary concerns in Latvia will weaken the euro and Swedish Krona.

The main gainer in the markets since Friday is the US dollar. Risk appetite has waned and concerns in Latvia, North Korea and Tehran are encouraging Yen and Usd buying. The USD has also gained support in its status as a reserve currency from Russia and Japan. Kaoru Yasano, Japan's finance minister, said his trust in US treasuries was "absolutely unshakeable". Naturally any diversion from the US dollar as the natural reserve choice would hit the US dollar very hard.

On the back of risk appetite waning we have seen a slump in commodity based currencies such as the AUD, CAD and NZD.

Report by Phil McHugh

Receive daily currency rate updates and market commentaries direct to your e-mail daily FREE from Currencies Direct

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

40. Do you really need the Forex Income Engine 2.0?
Do you really need the Forex Income Engine 2.0?

June 12 2009

I was just thinking...do you need these complimentary "Flexible Forex" training videos?

I think so but you decide.

Since releasing the "Flexible Forex" training videos just a couple of days ago, the requests for the "Forex Income Engine" 2.0 training course haven't stopped pouring into the office.

Some traders have even phoned our office asking how they can get a copy of the new course NOW, even though it doesn't get released until next Tuesday, June 16th.

Needless to say, the response to this new way of trading intra-day Forex pairs has been a bit overwhelming.

So if you want to know what comes with the course and what the price is check out the videos here and you will also discover that there is an opportunity to get a course for free!

Stay tuned for more soon.

Good Trading,
Tom Nadir

If you missed Part 1, you can see it here.

The contents of this report are compiled by Tom Nadir for information purposes only.

41. The Market Club Updates June 12th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, June 12, 2009

8:30 AM ET. May Import Prices

Import Prices (expected +1.5%; previous +1.6%)

Non-Petroleum Prices (previous -0.4%)

Petroleum Prices (previous +15.4%)

To have an instant analysis on Petroleum Prices (or any other symbol) sent to your inbox immediately,
Click this link

9:55 AM ET. June Reuters/Univ Of Michigan Consumer Confidence Index, prelim

Sentiment Index End month (previous 68.7)

Sentiment Index Mid Month (expected 69.8; previous 67.9)

Expectations Index End Month (previous 69.4)

Expectations Index Mid Month (previous 69)

12-Month Inflation Forecast (previous 2.8)

Value (Current Period) End Month (previous 67.7)

Value (Current Period) Mid Month (previous 66.2)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it consolidates above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but are neutral hinting that additional short-term gains are possible. If June extends this spring's rally, the 50% retracement level of the 2008-2009-decline crossing at 1566.62 is the next upside target. Closes below the 20-day moving average crossing at 1440.68 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 1517.75. Second resistance is the 50% retracement level crossing at 1566.62. First support is the 10-day moving average crossing at 1488.77. Second support is the 20-day moving average crossing at 1440.68. The June NASDAQ 100 was up 2.75 pts. at 1494.75 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends this month's trading range. Stochastics and the RSI are overbought but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 916.97 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 957.20. Second resistance is the 38% retracement level crossing at 1040.33. First support is the reaction low crossing at 922.70. Second support is the 20-day moving average crossing at 916.97. The June S&P 500 Index was up 1.60 pts. at 942.10 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

42. Why the Forex Income Engine 2.0 Could Be Good For You
Why the Forex Income Engine 2.0 Could Be Good For You

June 12 2009

I urge you to check out Bill Poulos's brand new, complimentary "Flexible Forex" training videos.

They reveal how he and a small group of his students have been enjoying all the recent volatility in the Forex markets caused by otherwise "scary" market conditions elsewhere.

So while other traders are "frozen" waiting for the markets to recover, some traders have been actively trading the Forex markets this way, day after day, completely ignoring the media's "doom and gloom" mantra.

Want to see how? Watch the videos here.

(These videos will be coming offline soon, so be sure to watch them and take notes before they disappear...)

Now, while these videos by themselves have more content than a lot of reports you'd have to PAY for, Bill released them to "whet your appetite" to see if you might be right for his brand new Forex Income Engine 2.0 home study course.

More details on this groundbreaking way to day trade the Forex markets have just been released in this new video where Bill reveals the answers to the top 2 questions he's been receiving since he released his new "Flexible Forex" 2.0 training videos.

I'll let you know if he releases any more training videos or updates. But in the meantime, if any of this piques your curiosity or interest, get ready for the special, limited release of his course next Tuesday, June 16th. It's going to be exciting.

Good Trading,
Tom Nadir

If you missed Part 1, you can see it here.

The contents of this report are compiled by Tom Nadir for information purposes only. .

43. Sterling Continues to Drive Higher
Sterling continues to drive higher

June 12, 2009

Has sterling broken the back of recent USD and euro strength witnessed in the last 6 months? You cannot take this for granted as sterling remains a fragile entity. We witnessed this in last weeks sharp sell off in sterling amid the political furor. The fact that the pound has recovered strongly is testament to increasing optimism for a recovery in the UK economy and also recovery in the global markets.

Cable (GBP/USD) has moved back over 1.65, sterling has consolidated at 2009 highs against the euro and we are still above 160 against the Yen. Sterling has had a range of positive economic indicators of late and most recently a survey by Gfk/NOP, a leading market research agency showed that inflation expectations for the coming year rose to 2.4% in May from 2.1% in Feb.

Also we had further good news in the housing sector as the Council of Mortgage Lenders reported that mortgage approvals rose 16% month on month in April and loans to first time buyers improved by 11%. Sterling was also supported with confirmation of the Barclays/Blackrock deal completing- helping sterling through expected M&A flows materializing.

On the flipside we have seen sterling fall off a cliff on a number of occasions. Alistair Darling featured in a story in the FT called for caution on recent signs of an economic recovery in the UK. He signaled the threat of inflationary pressure from rising oil prices could hamper a recovery. Oil prices have risen swiftly to over $70 as optimism improves.

BoE member Paul Fisher backed up the call for caution stating that policymakers should not be complacent and warns that there is a major downside risk to growth still evident. In my view sterling is not out of the woods yet and may still trip on a few branches but the worst is behind us.

The US dollar looks like a currency in no mans land...yesterday data pointed to a sharp drop in jobless claims and an improvement in retail sales- yet the dollar was sold. The dollars problem is that risk appetite is fuelling dollar selling and concerns over the US fiscal deficit are not supporting the dollar on good news. The euro is also looking a little jittery on concerns of banking issues yet to emerge- this concern was underlined by comments from Deutsche that German, Irish and Nordic banks still look weak.

Eurozone industrial production just release came in worse than expected at -1.9% month on month. EUR/USD has moved off this mornings high at 1.41 and is looking at the moment to test the 1.40 level on the downside. Sterling looks consolidated at 1.17 against the euro.

No real data of note today- G8 are meeting in Lecce but no immediate impact is expected to fall into the markets.

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44. 4 Indicators that Create Forex independence
4 Indicators that Create Forex independence

June 11 2009

I hope you were able to watch Part 1 of the brand new video Forex training I posted that reveals 30+ year trading veteran Bill Poulos's recent Forex discovery.

It's already shaking things up and breaking old paradigms in the Forex trading community. See what one trader had to say:

"I have been trading the Forex markets for 3 years, and I can honestly say this is probably one of the most interesting videos I have seen. Bill, you have a gift of being able to explain a method that every one can understand, look forward to your next video..."

-but wait until you see the next video... PART 2 is ready now!

It's called "Flexible Forex" F.R.E.E.D.O.M. In Action There are no registration requirements.

In the first video, you saw you a high level overview of how all the turmoil in the world right now is creating possibly the best profit potential we've ever seen in the Forex markets.

Then you saw the flexible method Bill discovered that lets you trade as little or as much as you want... WHENEVER you want.

In Part 2, he "zooms in" and shows you, step-by-step, how he quickly and easily spots trade setups, in all 6 major Forex pairs and in any timeframe.

Part of his discovery is the completely uncommon way he uses 4 indicators. I'm not aware of anyone using them this way and that's why it's so powerful.

You'll also learn:

* Why you want to place your stop orders where you DON'T expect the market to go...

* How to get into a "F.R.E.E. trade" situation ASAP with all your Forex trades...

* How to handle losing trades like a pro...

* The kind of market you MUST avoid at all costs...

* His "super simple" risk management rules that even an 8th grader could understand and was inspired by EINSTEIN...

* A "hands-on" overview of some excellent broker-supplied charting and trading software that makes Forex trading easier than ever...

* ...and a TON more.

Go here to see this video now:

Make sure you take notes on these videos, because he will likely be pulling them offline next week.

Good Trading,
Tom Nadir

If you missed Part 1, you can see it here.

The contents of this report are compiled by Tom Nadir for information purposes only. .

45. GBP/EUR hits new 2009 high
GBP/EUR hits new 2009 high

June 11, 2009

Sterling has again pushed higher on a trade weighted basis as optimism continues to grow on an imminent recovery in the UK. The National Institute for Economic and Social Research (NIESR) said output grew 0.1% in May and 0.2% in April. The data suggests that the UK has become the first major economy to exit the recession and follows improved industrial production data yesterday and better recent house market signals.

The data in itself is not conclusive proof of an exit from recession but it has certainly helped sterling to move higher. The pound has hit a new 2009 high of 1.1737 against the euro, it is trading above 1.64 on the dollar and is still holding its head above 160 against the Japanese Yen. Bank Of England member Andrew Sentance also opined that Britain's economy is on track to return to growth later this year. Personally I feel the optimism is overcooked and could lead to another false dawn for sterling but it is refreshing to hear some postitive soundbites following months of doom and gloom!

Risk appetite remains strong in the markets supporting sterling, euro, aussie dollar and the canadian dollar. Stock markets around the world gained last month as the total stock market capitalization icreased by almost $5 trillion in May, according to preliminary data released by the World federation of Exchanges. The gain in May gives three consecutive monthly gains with the largest seen in May and all 52 stock markets reported an increase in their domestic stock market capitalization.

India led the way with a 44% increase. This recent improvement in global stock markets has led to further selling of the USD and the YEN. Sterling has gained due to the fact that it was pumelled in the downturn but the main gainer of late has been the AUD which is a firm favourite for yield based trades. The aussie was helped after China said that urban fixed-asset investment rose 32.9% in May following a government stimulus package of 4 trillion Yuan- more fuel for the risk appetite machine.

Last night the bank of New Zealand left rates unchanged at 2.5% and indicated that the recession may be neraing an end- this led to a surge on the NZD/USD cross and GBP/NZD to fad away from its approach to 2.60 and back towards 2.55.

Main economic data today will surround US retail sales and jobless claims this afternoon. US data yesterday was not particularly positive with the US trade deficit widening for a second month and the Fed Beige book indicating that many US regions deteriorated between mid April and May. An auction of benchmark 10 year treasury notes led to selling pressure on the USD and led to spreads widening to levels not seen since October last year.

Report by Phil McHugh

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46. Using Gold as an Indicator
MARKET CLUB UPDATES June 10 2009

June 10 2009

There is an indicator which has been around since 1957. It has accurately forecasted every inflationary and deflationary cycle since.

For large cyclic trends I like to use this method.I recommennd you try this index for certain stocks and commodity related markets.

Over the last 50 years, this index has seen some remarkable moves both on the upside and more recently on the downside. I believe that this is the indicator that everyone should watch. If you trade stocks or futures and are interested in world trade trends, this is the indicator to track.

The tenth revision of this index renamed it the Reuters-Jefferies CRB Index (NYBOT_CR) I easily track this indicator everyday using MarketClub.

You can learn more about this index from the Trader's Blog.

Here is a list of the 19 markets that are included in the RJ/CRB index as implemented in the 2005 revision:

Metals: aluminum, copper, gold, nickel, silver
Energies: crude oil, heating oil, natural gas, unleaded gas
Grains: corn, soybeans, wheat
Food & Fiber: cocoa, coffee, cotton, orange juice, sugar
Livestock: lean hogs, live cattle

Take a few minutes to watch this short video and see how you can benefit from this indicator. There is no fee and there is no registration required.

You can view this new video with my compliments.

As always, there are no registration requirements.

All the best,

Tom Nadir
Key Events and Commentary available earlier every morning, via The Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only. .

47. Which way for the USD?
Which way for the USD?

June 10, 2009

The markets have demonstrated conflicting trading signals on the USD- following last weeks rally back below 1.60 against the pound and to 1.38 against the euro we have now seen a reversal. The dollar was buoyed at the close of last week with improved non-farm payroll data increasing confidence in the greenback and political concerns further helping the USD gains against sterling.

Outlook in the US was again helped yesterday with regards to the repaying of TARP by the 10 large American institutions but the dollar weakened yesterday and followed its regular trend of being sold on risk appetite. The key data in the US today will focus on the trade balance and the Fed Beige book. The trade balance is expected to widen in the US due to higher petroleum prices and the beige book is expected to confirm that the pace of economic contraction has slowed and the housing market is continuing to stabilize. We will see how the data affects the dollar this afternoon.

I feel the dollar should come under future pressure due to recent fiscal policy and growing debt. This will discourage buying USD as a safe haven and it will be increasingly sold as recovery in the global markets improves. Cable is now looking to target a move to 1.65 and EUR/USD has moved back above 1.40 to 1.41 currently- with a rumour of Goldman's going long on EUR/USD and targeting 1.45.

Sterling was helped with better output data than expected this morning with Industrial production coming in at +0.3% against a forecast of -0.1%, however the trade deficit widened to -7.003bn pounds against a forecast of -6.5bn pounds This has not dented sterling too much and it has held firm against the majors. One key move is GBP/YEN is now trading back over 160.00 a good indicator of overall confidence permeating the markets.

Australia had a good number in the form of a key measure of consumer confidence posting its biggest monthly rise in 22 years- this has helped the AUD strengthen against the pound and the dollar and yen. The Aussie remains a firm favourite in yield and risk based trades from lower yielding/safe haven currencies. Other key data today is the interest rate decision from New Zealand- currently rates sit at 2.50% and a cut could be on the cards.

Report by Phil McHugh

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48. USD fightback continues June 9 2009
USD fightback continues

June 9, 2009

Following a mauling in the European elections and a flurry of resignations and shouts for his resignation..Gordon Brown lives to fight another day! In a meeting with over 400 MPs he secured enough backing to push on. Sterling has reacted positively and is pushing higher across the markets including the USD and EUR as fears and uncertainty in the market are quelled, for now anyway.

Sterling was also boosted by further improvements in UK housing data- a survey by the Royal Institution of Chartered Surveyors showed house prices falling at their slowest pace since November 2007. Speculation is also helping sterling through positive M & A flows on the proposed sale of Barclays fund business in cash and stock to Blackrock Inc in the USA. Also in the UK we saw retail sales data fall 0.8% in May following the 4.6% rise in April- this dip adds a small dose of reality to recent improved confidence- it seems we are seeing optimism going forward but we are not going to push the boat out just yet! Cable is now targeting 1.6150 and then 1.62 on the upside levels, with 1.60 still a key pyscholigical support.

The euro has come under pressure following a dressing down by the IMF. The IMF highlighted their weak financial system and lack of a co-ordinated and aggressive plan for the euro-zone banks could deflect their drive for recovery. The IMF said "a key missing element is a proactive strategy to deal with a weakened financial system.", interestingly ECB members Stark and Weber s comments sharply contrasted that of the IMF as they noted the fact that price risks are on the upside and recent easing and stimulus may need to be reversed very quickly Stubborn or good policy, only time will tell. The worry on banking issues especially in eastern Europe could seriously hamper the euro going forward. GBP/EUR has bounced back to 1.1570 and looks bullish this morning.

Over to the US and risk sentiment was helped by reports that the US Treasury will announce today that 10 US banks are to repay TARP- essentially paying back government shares. This has helped boost risk and this has eased the USD lower for now- we mentioned yesterday that better economic data on Friday actually helped strengthen the USD but this has not followed through as yet today.

Report by Phil McHugh

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49. "Flexible Forex" Day Trading Discovery
"Flexible Forex" Day Trading Discovery

Brand new video reveals Forex discovery (part 1)

Monday, June 8, 2009

Last Fall, during a late-night Forex trading research session, one of the industry's most respected trading educators made a discovery around day trading Forex that he shared with a limited group of traders.

Now, 6 months later... the same trading educator recently re-emerged from a marathon follow-up research session where he analyzed the killer results his initial group of traders got and discovered 3 different ways to make them even BETTER.

From what I've seen, NO ONE is trading Forex like this (yet) not to mention this completely turns traditional "day trading" on its ear.

He recorded a new training video this past weekend that "pulls back the covers" on this updated discovery & reveals how you can shield your portfolio from risk every single time you trade, especially if you're inexperienced & have little time.

Watch it here: Forex Income Engine 2.0

THE BIG SURPRISE?

During his research, he confirmed what I (and others) suspected for a long time:

* The collapsing global stock markets and economies are creating pressures that, in turn, are creating more profit potential than we've ever seen before in the Forex markets.

That may come as a big surprise, especially if you're new to trading but he explains in his training video why this is happening, and how you can get in on it.

You'll also discover:

* How you can literally TRIPLE your profit potential when you use a little-known trick that has to do with the predominant trend.

* 2 "retracement tricks" most traders flat-out MISS, which, if you know how to spot them, can turn an otherwise losing trade into a profit powerhouse.

* The huge "edge" you get over other traders when you automatically identify the predominant trend at any point in time and then "throw yourself in front of it".

* The #1 key to trading Forex you MUST do EVERY SINGLE TIME before you place a trade before even thinking about profit. When you do this, you automatically "up the odds" that a profit will unfold.

* ...and there is a whole lot more.

If you're interested in Forex, or have been a little "spooked" by what's been going on in the markets, then this may be the most important trading video you'll ever see this year.

Why? Because after you watch it, you'll be SCRAMBLING to start trading Forex this way.

It finally brings flexibility and customization to Forex day trading so that ANYONE can have an "edge", whether you only have 20 minutes to trade, or if you have all day. Your choice.

It's awesome (and surprisingly simple)

Forex Income Engine 2.0

Good Trading,
Tom Nadir

Due to server limitations, this video might not be online for long, so make sure you watch it TODAY.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

50. The Market Club Updates June 8th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Monday, June 8, 2009

10:00 AM ET. May Conference Board Employment Trends Index (previous -0.7%)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was lower overnight due to profit taking as it consolidates some of this spring's rally but remains above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 50% retracement level of the 2008-2009-decline crossing at 1566.62 is the next upside target. Closes below the 20-day moving average crossing at 1415.05 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 1513.00. Second resistance is the 50% retracement level crossing at 1566.62. First support is the 10-day moving average crossing at 1456.35. Second support is the 20-day moving average crossing at 1415.05. The June NASDAQ 100 was down 14.00 pts. at 1481.00 as of 5:58 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was lower overnight due to profit taking as it consolidates some of this spring's rally. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 910.58 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 957.20. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 10-day moving average crossing at 925.10. Second support is the 20-day moving average crossing at 910.58. The June S&P 500 Index was down 8.30 pts. at 932.20 as of 6:00 AM CST. Overnight action sets the stage for a lower opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

51. USD fightback continues
USD fightback continues

June 8, 2009

The USD continues to fightback this morning making further gains against the pound and euro. Cable is down to the low 1.58s after kicking off at 1.5930 the USD is seeing across the board strength and sterling is weak in its own right. The Dollar is rallying following a positive move after the better than expected US jobs data on Friday US non-farm payrolls fell by 345,000 in May over a forecast for a 520,000 drop.

Interestingly the market is now turning to buying the dollar on the improved data- previously the USD was sold on better data as risk appetite increased causing a flow out of dollars into higher yielding currencies. This is significant as it shows that confidence is creeping back into the US economy even in the light of long term concerns on the health of the US economy.

Sterling continues to slide following rumours of Gordon Browns resignation on Thursday sweeping the markets- the speculation was quickly denied but the damage had already been done. The pound remains under pressure as expected dismal European election results fed through heaping more pressure on Brown and heightening the uncertainty on his tenure. It is a well known trend that political uncertainty will weaken a currency- the fact that this uncertainty is arising amid an economic crisis and extremely volatile and fragile markets magnified the moves in sterling.

The pound was not helped when former Bank Of England member David Blanchflower stated that the Bank may expand and widen its Quantitative Easing programme. Last week the BoE did not move further on their QE programme and maintained the level at 125 billion pounds. The central bank has the authority to expand to 150 billion and ask permission for more if required, Blanchflower feels that the current level of QE will not bring inflation back to target and therefore assumes that there will be more to come.

The introduction of the QE programme and the subsequent expansion of it in May has been historically sterling negative, therefore further discussion and action on this is presumed to be sterling negative.

Elsewhere concerns were again raised over the health of the Baltic states as Latvia raised its deficit projections and a government bond auction failed. This led to losses in the Swedish krona and the euro which are both exposed to the region. The stability of the Baltic states has been mentioned previously and any worsening of the situation could impact on the euro further.

Report by Phil McHugh

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52. The Market Club Updates June 5th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, June 5, 2009

8:30 AM ET. May Employment Report

Non-Farm Payrolls (expected -525K; previous -539K)

Unemployment Rate (expected 9.2%; previous 8.9%)

Average Hourly Earnings (previous 18.51)

Average Hourly Earnings Net Change (expected +0.1%; previous +0.1)

Manufacturing Payrolls (previous -149K)

Overall Workweek (previous 33.2)

Overall Workweek Net Change (previous 0)

Service Producing Payrolls (previous -269K)

3:00 PM ET. April Consumer Credit, in dollars (expected -7B; previous -11.1B)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it extends this week's rally above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 50% retracement level of the 2008-2009-decline crossing at 1566.62 is the next upside target. Closes below the 20-day moving average crossing at 1410.57 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 1497.75. Second resistance is the 50% retracement level crossing at 1566.62. First support is the 10-day moving average crossing at 1444.55. Second support is the 20-day moving average crossing at 1410.57. The June NASDAQ 100 was up 4.25 pts. at 1497.25 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends Thursday's rally. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 910.38 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 948.50. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 10-day moving average crossing at 920.71. Second support is the 20-day moving average crossing at 910.40. The June S&P 500 Index was up 3.80 pts. at 944.30 as of 6:03 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

53. Sterling Tumbles
Sterling Tumbles

June 5, 2009

Sterling had the equivalent of a Bad Hair Day yesterday on the foreign exchange market. Even though we had been expecting Sterling to ease during the day and overnight, the magnitude of the drop was quite surprising. Several factors compounded the situation, culminating in an early afternoon rumor that Gordon Brown had resigned. Ongoing technical now look for a test of the strong Sterling support zone between 1.5800 and 1.5500.

Today's main interest will be on the UK Cabinet reshuffle (last throw of the dice perhaps) and US non-farm payrolls. It looks likely that Alistair Darling will hold on to his job as Chancellor but most other posts will change stewardship. Whether this is sufficient to appease an electorate rapidly losing faith in the Government or the party faithful who appear to be losing confidence in Gordon Brown as we get nearer and nearer to a general election.

All this will cause overseas holders of Sterling to fret over the short term prospects for Sterling although maintaining Darling in the Treasury should add some degree of comfort (not that he is deemed overly good but that he is likely to be an awful lot better than the alternatives).Non-farm payrolls this afternoon are expected to show another month of increasing lay-offs with approximately 500K expected to be reported. This could very well see the unemployment rate rise to 9.1% and cause the recent Dollar buying to be reversed as we approach the weekend.

Yesterday was Central Bank Day which saw the BoE produce exactly what had been expected - Nothing. The ECB however, gave the market a little bit more to chew over. Although they left rates unchanged at 1%, they revised their estimates for the fall in the annualised rate of Eurozone GDP to around 5.1% rather than a maximum drop of 3.1% that was predicted just 3-months ago. The Central Bank also announced that it was proceeding with its limited 'credit easing' through the buying of Euro 60 billion of covered bonds. It sounds impressive but represents just 0.6% of Eurozone GDP which, when compared with the UK and the US attempts at QE (9% and 12% of GDP respectively), looks a feeble attempt at a stimulus.

Elsewhere, investors remain focused on the Baltic States and the condition of their economies. The Latvian Central Bank confirmed its commitment to the Lat's peg value versus the Euro but the market is still very unsure. This maintains pressure on Sweden, the Swedish currency and their Bank's in particular.

Report by Mark O`Sullivan

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54. The Market Club Updates June 4th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Thursday, June 4, 2009

8:30 AM ET. May 30 Jobless Claims

Weekly Jobless Claims (Expected 620K; previous 623K)

Weekly Jobless Claims Net Change (expected -3K; previous -13K)

Continuing Jobless Claims (previous 6788000)

Continuing Jobless Claims Net Change (previous +11000)

8:30 AM ET. 1 Quarter Productivity & Costs, revised

Non-Farm Productivity (expected +1.2%; previous +0.8%)

Unit Labor Costs (expected +2.9%; previous +3.3%)

10:30 AM ET. May 29 EIA Natural Gas Inventories, in billion cubic feet

Total Working Gas in Storage (previous 2213)

Total Working Gas in Storage (Net Change) (previous +106)

4:30 PM ET. May 27 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings (previous 38.05B)

Primary Credit Borrowings W/E Daily Avg. (previous 38.15B)

Primary Dealer Borrowings (previous 0)

Primary Dealer Borrowings W/E Daily Avg. (previous 0)

Discount Window Borrowings (previous 123.57B)

Discount Window Borrowings W/E Daily Avg. (previous 124.23B)

4:30 PM ET. June 3 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings (previous 2.72T)

US Foreign Agency Holdings (previous 814.51B)

Foreign Treasury Holdings (previous 1.9T)

4:30 PM ET. May 25 Money Supply

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it consolidates above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1404.81 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 1484.50. Second resistance is weekly resistance crossing at 1496.25. First support is the 10-day moving average crossing at 1430.30. Second support is the 20-day moving average crossing at 1404.81. The June NASDAQ 100 was up 2.75 pts. at 1480.25 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight due to short covering as it consolidates some of Wednesday's decline. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 908.28 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 948.50. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 20-day moving average crossing at 908.28. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was up 3.90 pts. at 935.60 as of 6:03 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

55. MARKET CLUB UPDATES - New Video -June 4th 2009
What Now For Apple?

In this video we are revisiting Apple, Inc (NASDAQ_AAPL). I last looked at Apple on April 9th, when it was trading at considerably lower levels than where we are right now. At that time I made some projections using MarketClub's Fibonacci tool, as to where I thought Apple was headed.

Obviously Apple has moved quite a bit and I want to revisit some of these key levels that I think may be a real challenge to this market in the very near term.

It is a short video, but I will go into details about levels I think could affect this market.

You can view this new video with my compliments.

MarketClub's 'Trade Triangle' technology has been right on the money with Apple and continues to maintain a long position from $103.60.

As always, the videos are free to watch and there is no need to register. I would love to get your feedback about this video and your own predictions about these markets on our blog.

All the best,

Adam Hewison
President, INO
Co-creator, MarketClub

56. Green Shoots ?
Green Shoots ?

Evidence that the Global Economy is on the turn continues to emerge. Probably the most surprising development over the last couple of days was the positive 1st qtr GDP number from Australia indicating that from a technical point of view at least, the country had completely avoided recession. This was presumed to reflect the pick up in demand for the commodities that are the staple export of the country BUT overnight data showing that Australia has in fact been running a trade deficit suggests that all is not sweetness and light down under.

The AUD accordingly gave up some of yesterday's gains but perception is that despite the disappointing trade data, the Aussie is likely to be one of the star performers on the currency markets over the next 12-months. Comments from the RBA's Stevens added to the positive sentiment. He stated that the Central Bank still had scope to cut rates if required but that the Bank needed to be very cautious with further easing - he also dismissed the use of QE in the current climate.

Sterling had a good morning yesterday but not such a good afternoon. The UK PMI Services data was much more upbeat than had been anticipated indicating a positive sentiment from the sector for the first time in over 1-year (April 08). Sterling rallied to a high of 1.6645 and 1.1650 before gravity took its toll. Looking at the technicals at the time, the RSI (relative strength index) had breached its upper limit and implied that Sterling was overbought, requiring a retracement back to the 1.5850 level in cable to normalise the situation.

This is not to imply that the recent bull Sterling run has finished but that a pause is on the cards. Indeed the appetite shown for the recent gilt offerings from the DMO (with overseas holdings historically being in the region of 40%) suggest continued buying of Sterling as the Government funds its ballooning deficits. It is difficult to ascertain whether today's European/local elections in the UK will have any effect on Sterling's value or indeed whether the calamitous decline of the Labour Government has already been built in to the currency's worth.

The Dollar took heart on 2 counts yesterday. Firstly affirmation from several Far Eastern countries, India, Japan and Korea and then separately China, that the Dollar was still regarded as the only candidate for Global Reserve Currency status and secondly from the Ben Bernanke testimony, during which he painted a fairly bullish picture of the US economy.

The currency's strength was tempered somewhat by a statement from the Malaysian PM suggesting that his country and China were considering ending the use of the Dollar as a trading medium between the 2 countries. This strengthened the Euro a tad as people saw the Euro as a possible replacement

Today is 'interest rate decision day' - but far more importantly, will there be an announcement of any changes to the current QE measures day? Expect more from the BoE than from either the ECB or the Bank of Canada. No change is expected in interest rates from any of the 3 Central Banks today.

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57. The Market Club Updates June 3rd 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Wednesday, June 3, 2009

7:00 AM ET. May 29 Mortgage Applications

Market Composite Index (previous 786)

Market Composite Index Cur Chg (previous -14.2%)

Purchase Index (S.A.) (previous 256.6)

Purchase Index (S.A.) Cur Chg (previous +1%)

Refinance Index (previous 3890.4)

Refinance Index Cur Chg (previous -18.9%)

8:15 AM ET. May ADP National Employment Report

Private Payrolls Forecast (expected 550000; previous 491000)

10:00 AM ET. April Factory Orders

Total Orders (expected +1%; previous -0.9%)

Orders, Ex-Defense (previous -0.9%)

Orders, Ex-Transportation (previous -0.9%)

10:00 AM ET. May ISM Non-Manufacturing Composite Index

Non-Manufacturing PMI (expected 45; previous 43.7)

Non-Manufacturing Business Index (previous 45.2)

Prices Index (previous 40)

Employment Index (previous 37)

New Orders Index (previous 47)

10:30 AM ET. May 29 US Energy Dept Oil Inventories

Crude Oil Stocks (previous 363.11M)

Crude Oil Stocks (Net Change) (expected -1.6M; previous -5.41M)

Gasoline Stocks (previous 203.42M)

Gasoline Stocks (Net Change) (expected +100K; previous -537K)

Distillate Stocks (previous 148.38M)

Distillate Stocks (Net Change) (expected +1.2M; previous +248K)

Refinery Usage (expected 85.5%; previous 85.1%)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was lower overnight due to profit taking as it consolidates some of this week's rally but remains above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1401.98 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 1484.50. Second resistance is weekly resistance crossing at 1496.25. First support is the 10-day moving average crossing at 1420.92. Second support is the 20-day moving average crossing at 1401.98. The June NASDAQ 100 was down 7.00 pts. at 1471.50 as of 6:04 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was lower overnight due to profit taking as it consolidates above January's high crossing at 937.00. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 907.66 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 948.50. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 20-day moving average crossing at 907.66. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was down 5.00 pts. at 937.60 as of 6:06 AM CST. Overnight action sets the stage for a lower opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

58. Sterling continues to gain
Sterling continues to gain

June 3, 2009

We continue on the bull-run for sterling as PMI data emphasises a rise to 51.7 in May from 48.7 in April, over the 50 level identifies that the sentiment is positive for the UK activity. Sterling rallied on the news this morning and tested new yearly highs against the US dollar and the euro. The improvement in PMI levels was mirrored in the eurozone as composite PMI, a gauge of private sector activity rose to 44.0 from 41.1 in April.

This data lends further weight to shouts of a recovery to commence by the end of this year for the UK and an indication that the worst is behind the eurozone. More positives came in the form of UK consumer confidence data released by the Nationwide Building society which strengthened in May as more optimism is foreseen in the next 6 months in the economy and the jobs market.

Tomorrow we will get the announcements from the Bank Of England and ECB on interest rates. It is not anticipated that we will see any movement from the UK on interest rates and it is unlikely that we will see additional measures for QE, although that was the thought process last month too!

For the ECB Trichet said 'We expect to engage in a programme of around 60 billion euros that targets an important segment of the private securities market which has been particularly affected by financial market turbulence'. This in theory should weaken the euro and help sterling gain further, however given that lots of good news has already permeated sterling we could be in line for some profit taking. Watch this space!

Later we have testimony from Ben Bernanke on current economic conditions and the federal budget. It will be interesting to see if attention is turned to the recent fall in the US dollar and the long term factors that are driving this weakness- in particular the fiscal health and 10 year budget projections amid ever increasing debt levels.

Report by Phil McHugh

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

59. The Market Club Updates-June 2nd 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Tuesday, June 2, 2009

7:45 AM ET. May 30 ICSC/Goldman Sachs Chain Store Sales

Chain Store Sales Index - WoW (previous +0.8%)

Chain Store Sales Index - YoY (previous +0.5%)

8:55 AM ET. May 30 Redbook Index

MoM % Change (previous -0.4%)

12MonChgPct (previous -0.2%)

52WkChgPct (previous -0.5%)

10:00 AM ET. April Pending Home Sales

MoM Pct Change (Current Period) (expected +0.5%; previous +3.2%)

YoY Pct Change (Current Period) (previous +1.1%)

4:30 PM ET. May 29 API Oil Industry Report

Crude Stocks (Net Change) (previous -2.82M)

Gasoline Stocks (Net Change) (previous -758K)

Distillate Stocks (Net Change) (previous +142M)

Refinery Runs (previous 83.8%)

5:00 PM ET. May 30 ABC/Washington Post Consumer Confidence Index (previous minus 47)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it extends Monday's breakout above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1399.58 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 1482.25. Second resistance is weekly resistance crossing at 1496.25. First support is the 10-day moving average crossing at 1412.80. Second support is the 20-day moving average crossing at 1399.58. The June NASDAQ 100 was up 4.50 pts. at 1474.50 as of 6:08 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight and is trading above January's high crossing at 937.00 as it extends this spring's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20- day moving average crossing at 905.89 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 947.00. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 20-day moving average crossing at 905.89. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was up 2.50 pts. at 941.60 as of 6:10 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

60. THE MARKET CLUB UPDATES - New Video - June 2nd 2009

How Far Can the Dollar Fall?

I was quite amazed when I looked back to see how long it has been since I have put together a Dollar Index (NYBOT_DX) video. I had to look back to September of 2008 to find the last series of videos I had done specifically for the Dollar Index and it proved to be successful

In todays video we will look at the Dollar Index and the impact it is having on crude oil (NYMEX_CL) and other major markets. I will also make a rather surprising prediction as to the most likely trend the dollar is going to take in the next 12 months.

This is a video you will not want to miss as the ramifications of inflation and the dollar are rather shocking.

I will show you how MarketClub has used the same approach in the same market using our Trade Triangle technology to trade this index and just how successfully this approach has been.

You can view this new video with my compliments.

If you have not done so already, I strongly recommend that you watch my earlier Dollar Index video and then watch the new one. This will give you more confidence in using our Trade Triangle approach.

You can view this video here with my compliments.

As always, the videos are free to watch and there is no need to register.
I would love to get your feedback about this video and your own predictions about these markets on our blog.

All the best,

Adam Hewison
President, INO
Co-creator, MarketClub

You can view this new video with my compliments.

Key Events and Commentary available earlier every morning, via The Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only. .

61. USD remains under pressure
USD remains under pressure

2 June, 2009

Yesterday we saw a fresh seven month high against the dollar and a six month high against the euro. The pound made early gains in the markets yesterday and consolidated those gains overnight. The pound is galvanizing on signs that the global economy is recovering following huge depreciation as the economic crisis unfolded. The key drivers in the market remain activity in the equity markets and the sentiment to buy higher yielding and riskier assets.

Recently the markets have been boosted by gains in Asian stocks- in particular commodity stocks, this was fuelled by improved sentiment from China. This is leading to a move out of USD predominantly and also other low yielding currencies are shedding earlier gains- such as the Yen and the Swiss Franc. Low interest rates and improved confidence are naturally causing higher yielding commodity based assets to be sought. CAD, AUD and NZD looking strong.

The mighty USD remains the key driver for the currency markets. It still remains the main harbour for currency reserves despite recent concerns on a spiraling debt burden. In fact China yesterday affirmed during a visit by US treasury secretary Tim Geithner that the USD would remain the global reserve currency and their home for the bulk of their currency reserves- a huge boost for the dollar. Therefore any trepidation in the markets will lead to US dollar strength again.

Yesterday was PMI day and all economies showed good evidence of green shoots emerging. There were some impressive numbers from the UK, Europe and the US as well as strong manufacturing data from China. This added to upward pressure on both oil and hard commodities and we saw gold again within touching distance of the psychological $1000 barrier.

In other news the Reserve Bank of Australia left rates unchanged at 3.0% citing signs of the global economy stabilizing as a reason to leave rates unchanged. UK mortgage approvals for April have come in at 43,201, up from 40,038 in March, and better than the median forecast of 41,000. Good bit of news also from Spain as the May jobless total fell 24,741 against the 39,478 rise in April, the rapidly falling jobless count in Spain has been a major concern.

Report by Phil McHugh

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

62. The Market Club Updates - June 1 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Monday, June 1, 2009

8:30 AM ET. April Personal Income

Personal Income (previous -0.3%)

Personal Spending (previous -0.2%)

PCE Price Index Monthly (previous 0%)

PCE Price Index Yearly (previous +0.6%)

PCE Core Price Index Monthly (previous +0.2%)

PCE Core Price Index Yearly (previous +1.8%)

0945/1345 May Dow Jones Econ Sentiment Index

DJ Economic Sentiment Indicator (previous 27.6)

10:00 AM ET. April Construction Spending

New Construction (previous +0.3%)

10:00 AM ET. May ISM Mfg Index

Manufacturing PMI (previous 40.1)

Prices Index (previous 32)

Employment Index (previous 34.4)

Inventories (previous 33.6)

New Orders Index (previous 47.2)

Production Index (previous 40.4)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight and trading above the previous reaction high crossing at 1437.75 thereby renewing this week's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1395.97 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 1458.25. Second resistance is weekly resistance crossing at 1496.25. First support is the 20-day moving average crossing at 1395.96. Second support is the reaction low crossing at 1342.75. The June NASDAQ 100 was up 14.25 pts. at 1450.25 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight and is trading above resistance crossing at 929.00 as it extends this spring's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. From a broad perspective, June needs to close above 929.00 or below 875.40 to clear up near-term direction in the market. First resistance is the overnight high crossing at 937.00. Second resistance is the reaction high crossing at 979.80. First support is the 20-day moving average crossing at 903.60. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was up 13.70 pts. at 932.30 as of 6:07 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

63. The Market is at a Key Resistance Level
The market is at a key resistance level

1 June, 2009

The market is in a consolidation mode once again. But most charts of the major market indexes are showing them to be near key resistance levels (based on Bollinger Band analysis). A big breakout could occur today.

The market has digested lots of news over the weekend. The tumbling dollar, GM facing bancruptcy, North Korea are "saber-rattling", the questions over mortgage rates and ...

Keep an eye on the charts!

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

64. USD tumbles-Dollar index at lowest level this year
USD tumbles-Dollar index at lowest level this year

1 June, 2009

The USD has tumbled to lower levels against a basket of currencies. The pound has jumped to 1.64 and the euro has advanced to 1.42 against the ailing US dollar. The US dollar fell as signs of a recovery in China boosted global confidence- this is significant as China is the worlds third largest economy and optimism and recovery here will go a long way to boost the global recovery.

The Dollar index which is a measure of the strength of the dollar against a basket of currencies dropped to the lowest level this year and there is a galvanizing push to sell the currency. Economically the Q1 GDP confirmed the worst six month period for the US economy in 51 years, debt levels also remain a major concern- the Congressional budget office projected the US budget deficit would quadruple to about $1.8 billion.

On top of this there is still a question mark looming on the US sovereign debt rating- heightening calls for a move out of US dollars as a reserve currency. Technically the USD could target 1.68 against sterling. Ultimately the weakness in the US dollar will ultimately lend to improved economic conditions with increased exports compensating for a public not spending.

The dollar was not helped by the news that GM is officially slipping into bankruptcy- although this has been widely expected it added to the dollars woes. The US government will step in to tale ownership of the car giant further spiraling the government spending.

This week a main focus will be on the rate announcements from the Bank Of England and the ECB. No further easing is expected from the BoE but there may be further talk or action in the QE programme.

In the eurozone CPI a measure of inflation came in at 0.0% for May- this is the lowest on record. This falling inflation indicator naturally raises the concern for deflation in the euro zone, however ECB president Trichet brushed these fears aside stating that 'Long-term inflation expectations in the euro area, whether based on surveys or extracted from financial indicators, have been and continue to be firmly anchored at levels consistent with our definition of price stability.'

This week we will wait to see if the ECB look to cut interest further from 1% and also to see if the ECB expands its programme to buy covered bonds to revive private sector lending. Speaking in Marrakech, Trichet said 'We expect to engage in a programme of around 60 billion euros that targets an important segment of the private securities market which has been particularly affected by financial market turbulence'. This in theory should weaken the euro and help sterling gain above the recent high of 1.1535.

On Friday we see non-farm payrolls from the US. An awful -525k is expected and anything -500k or better will be considered positive.

Report by Phil McHugh, Corporate Foreign Exchange

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Currencies Direct is a leading commercial foreign exchange company with offices in the UK, Australia and Spain and has offices across 5 continents. Currencies Direct head office and global trading centre is based in the City of London.

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new trading videos by clicking here, with my compliments.

65. MarketClub Makes Money in May: Forex, ETF, Metals
MarketClub Makes Money in May: Forex, ETF, Metals

If you did not make money this month then you were not watching our Trade Triangles.

CURRENCIES

May has been quite a month, especially for the British Pound (GBP). In an earlier video, I alerted everyone of the potential upward move. The market ended up moving right in line with my expectations and is showing some excellent profits. One currency contract at the CME is showing a profit of over $8,000, a stunning return of over 216% over initial margin*.

ETF

I also alerted you to a move in crude using the ETF USO which closely tracks the crude oil market. This market has gone up over 8% since MarketClub issued the first signal on May 6th at 32.16 using our Trade Triangle technology.

PRECIOUS METAL

Gold has also been a big winner this month with a move over the $950 level. This stellar move produced profits over $2,845 a contract. This represents a return of 50% in less than a month over initial margin*.

If you are not familiar with our 'Trade Triangle' technology, I highly recommend you take a look at it and see how it works in spotting the big moves before they begin.

As always, the videos are free to watch and there is no need to register.

I would love to get your feedback about this video and your own predictions about these markets on our blog.

*Initial margin for British Pound Futures $2,700
You can view this new video with my compliments. There are no registration requirements.

Please enjoy and give your feedback on our blog.

Thank you.

All the best,
Adam Hewison
President, INO Key Events and Commentary available earlier every morning, via The Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only. .

66. The Market Club Updates
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, May 29, 2009

8:30 AM ET. 1 Quarter GDP, prelim

GDP 1st Est. (expected -5.5%: previous -6.1%)

Chain-Weighted Price Index (expected +2.9%; previous +2.9%)

Purchase Price Index (previous -1%)

PCE Price Index (previous -1%)

Real Final Sales (previous -3.4%)

9:45 AM ET. May Chicago PMI

Employment Index (previous 31.8)

New Orders Index (previous 42.1)

Prices Paid Index (previous 28.4)

Purchasing Managers Index (Adjusted) (expected 42; previous 40.1)

Supplier Deliveries Index (previous 45.4)

9:55 AM ET. May Reuters/Univ Of Michigan Consumer Confidence Index, final

Sentiment Index End month (expected 67.9; previous 65.1)

Sentiment Index Mid Month (previous 67.9)

Expectations Index End Month (previous 63.1)

Expectations Index Mid Month (previous 69)

12-Month Inflation Forecast (previous 2.6)

5-Month Inflation Forecast (previous 2.8)

Value (Current Period) End Month (previous 68.3)

Value (Current Period) Mid Month (previous 66.2)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it extends this week's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, this month's high crossing at 1437.75 is the next upside target. Closes above the reaction high crossing at 1437.75 or below the reaction low crossing at 1336.50 are needed to clear up near-term direction in the market. First resistance is the overnight high crossing at 1429.00. Second resistance is this month's high crossing at 1437.75. First support is the 20-day moving average crossing at 1393.03. Second support is the 10-day moving average crossing at 1391.90. The June NASDAQ 100 was up 9.75 pts. at 1428.00 as of 6:00 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends this week's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, the reaction high crossing at 923.20 then this month's high crossing at 929.00 are the next upside targets. From a broad perspective, June needs to close above 929.00 or below 875.40 to clear up near-term direction in the market. First resistance is Wednesday's high crossing at 913.80. Second resistance is last Wednesday's high crossing at 923.20. First support is Tuesday's low crossing at 876.90. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was up 6.60 pts. at 911.70 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

67. Sterling buoyed with positive house price data
Sterling buoyed with positive house price data

Lots of positives in the global markets this morning and for sterling. Firstly we have seen the Nationwide House price index survey show a surprise bounce as the average house price rose 1.2% in May- this is the strongest monthly gain for 19 months. Although this is a good indicator that the severe downturn in the property market may be bottoming out- Nationwide noted that it is still too early to call as unemployment is still rising and credit conditions remain tight.

Sterling was also buoyed by UK consumer confidence matching its highest level in 11 months reported market researcher GfK NOP. The CBI also reported that business sentiment rose to the highest level since 2007. Sterling is now pushing towards 1.61 against the dollar (a new 2009 high) and 155.00 against the Yen- we could see new yearly highs very soon on the EUR and for sterling on a trade weighted basis.

In the wider markets we have seen more leveraging into Oil and Gold which both rose sharply- Gold is closing in on $1,000/oz again and Oil has hit a new 6 month high above $65 a barrel. Commodity prices have leaped this month as a move out of the dollar and Yen mirrors the improved confidence and a move from safety to investments. We have seen major gains in commodity based currencies particularly against the USD- with the CAD, AUD and NZD all making gains this month.

This morning we also saw German retail sales rise unexpectedly in April by 0.5%- a hopeful sign for the German economy to curb the sharp contraction in recent GDP data witnessed in the Q1. This has helped the euro gain against the dollar back over 1.40 and also to remain firm against sterling for now under 1.15. Eurozone CPI inflation came in at 0.0%- the lowest on record- it seems concerns on deflation are not weighing on the euro.

For today again we will be largely US focused- the revised 1st Qtr US GDP figure market expects a small upward revision, it will still leave the annual drop at an alarming 5.4%. Should prove Dollar negative.

Report by Phil McHugh, Corporate Foreign Exchange

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The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new trading videos by clicking here, with my compliments.

68. The Market Club Update
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Thursday, May 28, 2009

8:30 AM ET. May 23 Jobless Claims

Weekly Jobless Claims 625K 631K

Weekly Jobless Claims Net

Change -6K -12K

Continuing Jobless Claims 6662000

Continuing Jobless Claims Net

Change +75K

8:30 AM ET. April Durable Goods

Total Orders 0% -0.8%

Orders, Ex-Defense -0.6%

Orders, Ex-Transportation -0.6%

10:00 AM ET. April New Home Sales

Overall Sales 365K 356K

Percent Change +2.5% -0.6%

10:00 AM ET. May 16 DJ-BTMU Business Barometer 0%

10:30 AM ET. May 22 EIA Natural Gas Inventories, in billion cubic feet

Total Working Gas in Storage 2116

Total Working Gas in Storage

(Net Change) +103

11:00 AM ET. May Kansas City Fed Mfg Index �6

11:00 AM ET. May 22 US Energy Dept Oil Inventories

Crude Oil Stocks 368.52M

Crude Oil Stocks (Net Change) -900K -2.11M

Gasoline Stocks 203.95M

Gasoline Stocks (Net Change) -2M -4.34M

Distillate Stocks 148.13M

Distillate Stocks (Net Change) +1.2M +672K

Refinery Usage 82% 81.8%

12:00 PM ET. April Chicago Fed Midwest Mfg Index

Manufacturing Index (MoM) -2.4%

Manufacturing Index (YoY) -23.2%

Auto Output Index (MoM) +0.9%

Auto Output Index (YoY) -33.8%

Machinary Output Index (MoM) -5.5%

Machinary Output Index (YoY) -24.6%

Resource Output Index (MoM) -1.5%

Resource Output Index (YoY) -12.3%

Steel Output Index (MoM) -5.5%

Steel Output Index (YoY) -34.1%

4:30 PM ET. May 18 Money Supply

4:30 PM ET. May 27 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings 37.88B

Primary Credit Borrowings W/E

Daily Avg 38.16B

Primary Dealer Borrowings 0

Primary Dealer Borrowings W/E

Daily Avg 0

Discount Window Borrowings 126.35B

Discount Window Borrowings W/E

Daily Avg 127.93B

4:30 PM ET. May 27 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings 2.72T

US Foreign Agency Holdings 818.01B

Foreign Treasury Holdings 1.9T

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 closed lower on Wednesday due to profit taking as it consolidated some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, this month's high crossing at 1437.75 is the next upside target. Closes below the reaction low crossing at 1336.50 would confirm that a broad top has been posted while opening the door for a larger-degree decline into early-June. First resistance is today's high crossing at 1428.75. Second resistance is this month's high crossing at 1437.75. First support is Tuesday's low crossing at 1342.75. Second support is the reaction low crossing at 1336.50.

The June S&P 500 index closed lower on Wednesday due to profit taking as it consolidated some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. From a broad perspective, June needs to close above 929.00 or below 875.40 to clear up near-term direction in the market. First resistance is today's high crossing at 913.80. Second resistance is last Wednesday's high crossing at 923.20. First support is Tuesday's low crossing at 876.90. Second support is the reaction low crossing at 875.40.

The Dow closed lower due to profit taking on Wednesday as it consolidated some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 8230 would open the door for a larger-degree decline into early June. Closes above the reaction high crossing at 8591 are needed to renew this spring's rally and would thereby open the door for a possible test of January's high crossing at 9088. First resistance is last Wednesday's high crossing at 8591. Second resistance is January's high crossing at 9088. First support is the reaction low crossing at 8230. Second support is the 25%

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Key Events and Commentary, currency market updates, market club updates,first resistance, second resistance, first support, second support,

69. USD snaps back against Sterling
USD snaps back against Sterling

May 28, 2009

Overnight the dollar has snapped back against sterling from above the 1.60 level The main driver was the benchmark 10-year yield rising through 3.5%.

The recent sharp rise in yields has come despite strong demand at the two Treasury auctions this week -- notably from foreign investors -- which has soothed some concern over the long-term U.S. sovereign credit ratings outlook and supported the dollar. Global markets look for an increase in US treasury yield as a sign of economic recovery. In theory this is a positive, however if yields rally steeply this will lead to high long term interest rates which in turn will drive up costs.

The Dollar was also buoyed as Moodys confirmed its credit rating, although it warned that it must reduce its debt levels once the economy returns to growth. The US dollar has also made gains against the Euro and the Yen with Japanese investors encouraged to move into dollar denominated overseas assets. Look for yields and equities to continue to drive the USD in the short term.

Data from the eurozone confirmed that the leading economic index came in at 1.8% in April- this is a positive for the eurozone but more evidence will be needed to conclude that the recession was nearing an end. This has helped the euro to gain slightly against the pound and the dollar. Reports of Korea and China buying euros and selling the dollar this morning as EUR/USD recovers from its overnight low of 1.3792.

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70. The Market Club Updates
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Wednesday, May 27, 2009

7:00 AM ET. May 22 Mortgage Applications

Market Composite Index (previous 915.9)

Market Composite Index Cur Chg (previous +2.3%)

Purchase Index (S.A.) (previous 254)

Purchase Index (S.A.) Cur Chg (previous -4.4%)

Refinance Index (previous 4794.4)

Refinance Index Cur Chg (previous +4.5%)

7:45 AM ET. May 23 ICSC/Goldman Sachs Chain Store Sales

Chain Store Sales Index - WoW (previous -1.2%)

Chain Store Sales Index - YoY (previous -0.3%)

8:55 AM ET. May 23 Redbook Index

MoM % Change (previous -0.2%)

12MonChgPct (previous 0%)

52WkChgPct (previous -0.3%)

10:00 AM ET. April Existing Home Sales

Total Sales (expected 4.65M; previous 4.57M)

Percent Change (expected +1.8%; previous -3%)

4:30 PM ET. May 22 API Oil Industry Report

Crude Stocks (Net Change) (previous -4.47M)

Gasoline Stocks (Net Change) (previous -5.37M)

Distillate Stocks (Net Change) (previous +1.41M)

Refinery Runs (previous 80.6%)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was slightly higher overnight as it extends Tuesday's rally. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, last week's high crossing at 1423.00 then this month's high crossing at 1437.75 are the next upside targets. Closes above the reaction high crossing at 1437.75 or below the reaction low crossing at 1336.50 are needed to clear up near-term direction in the market. First resistance is last week's high crossing at 1423.00. Second resistance is this month's high crossing at 1437.75. First support is the 20-day moving average crossing at 1389.68. Second support is the 10-day moving average crossing at 1377.90. The June NASDAQ 100 was up 2.00 pts. at 1412.75 as of 5:59 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends Tuesday's rally. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. If June extends this week's rally, last week's high crossing at 923.20 then this month's high crossing at 929.00 are the next upside targets. Closes below the reaction low crossing at 875.40 would confirm that a short-term top has been posted. First resistance is last week's high crossing at 923.20. Second resistance is this month's high crossing at 929.00. First support is Tuesday's low crossing at 877.00. Second support is last Monday's low crossing at 875.40. The June S&P 500 Index was up 1.70 pts. at 910.40 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

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71. Sterling spikes to 1.60 v the Dollar
Sterling spikes to 1.60 v the Dollar

May 27, 2009

The pound has hit the $1.60 level for the first time in nearly seven months, the euro is also neatly poised just below 1.40 this morning as risk appetite improves as optimism through the equity markets improves. This has increased the demand for assets denominated in sterling which started the year suppressed as a flight to safety prevailed. Currently we are seeing optimism throughout global markets- recently driven by better than expected US consumer confidence numbers.

The dollar is also not currently fulfilling its usual status as a safe haven currency- concerns expressed on its sovereign debt rating looming over the dollar. Technically the market needs to maintain a breach over 1.60 to target 1.64 as the next key level. Keep one eye on the situation in North Korea as escalation or saber rattling will undoubtedly cause a rush back into the dollar.

Not a great deal of market data of note today with US existing home sales due out this afternoon being the main focus. North Korea as mentioned earlier could be a market mover and the fate of General Motors will be closely watched- GM faced a deadline to report on their levels of debt and concerns are increasing that bankruptcy is looming.

In other news Japans export downturn eased in April- falling 39.1% compared to the same month last year- this following a 45.6% fall in March. This resulted in a surprise trade surplus and raises hopes that the economy is past the worst and is on the road to recovery. This should help the Yen remain firm against the USD.

OPEC ministers are meeting in Vienna this week and are expected to make no change to volumes of oil supply as higher prices ease their concerns about both fuel inventories and the deepest fall in demand for years. The Saudis have been on the news-wires this morning talking oil higher, stating that the global economy is ready for a $75-80 per barrel price.

Report by Phil McHugh, Corporate Foreign Exchange

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72. MarketClub Improves the Charts
MarketClub Improves the Charts

This video is a little bit different from our previous videos in that we show you some of the new improvements we have just added to MarketClub.

I just got the word from my business partner Dave Maher, who is the technical part of the team that he had just upgraded the MarketClub charts. I was so excited at the improvements that I decided to rush over to our digital studios and create a new video. All credit goes to Dave and his team who did an outstanding job on this new MarketClub release.

One major improvement and one I believe you are going to really enjoy and profit from is a study called 'Donchian Channels'. This study is named after its inventor Richard Donchian who created this amazing technical juggernaut in the late 40s.

There are also a ton of other improvements like, cross hairs and a new 200 day moving average study which I think you will enjoy. You might be surprised at how I use the 200 day moving average.

You can view this new video with our compliments. There are no registration requirements.

You can view this new video with my compliments. There are no registration requirements.

Please enjoy and give your feedback on our blog.

Thank you.

All the best,
Adam Hewison
President, INO Key Events and Commentary available earlier every morning, via The Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only. .

73. Adam Hewison Demonstrates the S&P 17 Week Cycle
Does S&P really Cycle in 17 Weeks?

Here is a key video to look at this week.

I was just looking at the S&P 500 and I noticed a very pronounced cycle in this market that I want to share with you.

In my new video I explain exactly what I have seen and what I expect will happen to this market if this cycle continues on track.

You can view this new video with my compliments. There are no registration requirements.

Please enjoy and give your feedback on our blog.

Thank you.

All the best,
Adam Hewison
President, INO Key Events and Commentary available earlier every morning, via The Market Club

Don't miss this new free trading video.

The contents of this report are compiled by Tom Nadir for information purposes only. .

74. The Market Club Updates
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, May 22, 2009

Tuesday, May 26, 2009

8:30 AM ET. April Chicago Fed National Activity Index

National Activity Index (previous -2.96)

3 Month Moving Average (previous -3.27)

9:00 AM ET. March Case-Shiller Home Price Index

10-City Index, Yearly (previous -18.8%)

20-City Index, Yearly (previous -18.6%)

10:00 AM ET. May Richmond Fed Survey

Manufacturing Index (previous �9)

Retail Revenues Index (previous �11)

Services Revenue Index (previous �29)

Shipments Index (previous �3)

10:00 AM ET. May Conference Board Consumer Confidence Index

Consumer Confidence Index (previous 39.2)

Expectation Index (previous 49.5)

Present Situation Index (previous 23.7)

10:30 AM ET. May Dallas Fed Mfg Outlook Survey

Business Activity Index (previous -31.6)

Manufacturing Production Index (previous -8.9)

5:00 PM ET. May 23 ABC/Washington Post Consumer Confidence Index (previous �45)

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was lower overnight due to profit taking but remains above the 25% retracement level of this spring's rally crossing at 1339.50. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes above the reaction high crossing at 1437.75 or below the reaction low crossing at 1336.50 are needed to clear up near-term direction in the market. First resistance is the 10-day moving average crossing at 1366.22. Second resistance is the 20-day moving average crossing at 1383.87. First support is the 25% retracement level of this spring's rally crossing at 1339.50. Second support is the 38% retracement level of this spring's rally crossing at 1286.70. The June NASDAQ 100 was down 17.00 pts. at 1343.75 as of 5:54 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was lower overnight due to profit taking. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 875.40 would confirm that a short-term top has been posted. First resistance is the 20-day moving average crossing at 894.94. Second resistance is last Wednesday's high crossing at 923.20. First support is the overnight low crossing at 877.00. Second support is last Monday's low crossing at 875.40. The June S&P 500 Index was down 7.60 pts. at 877.30 as of 5:57 AM CST. Overnight action sets the stage for a lower opening by the June S&P 500 index when the day session begins later this morning.

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75. Concerns over North Korea lift USD and YEN
Concerns over North Korea lift USD and YEN

May 26, 2009

Yesterday attention turned to Asia as the UK and US markets were closed. The Yen and the Dollar appreciated after reports that North Korea carried out a missile test drawing international condemnation. The Yen and the Dollar gained as cautiousness in the currency markets increased the demand for the currencies as a refuge- this space will be watched closely amid reports of further missiles being fired.

Looking at the currency markets we have seen EUR/USD retreat from hitting the 1.40 level as demand for dollar increased and the euro weakened with a worse than expected German IFO index coming in at 84.20 compared to forecasts at 85.0. Although analysts commented that a quick recovery for Germany was unlikely the data is still an improvement from last months figure and does follow last weeks better than expected leading indicators for the Eurozone. The Euros cause was further dampened through an article in the Telegraph which cited a German bank regulator raising concerns that the debt level may increase in the nation.

German GDP data came in exactly in line with expectations and the market will now focus on unemployment for May due for release on Thursday. An important week ahead also for the US housing market with existing home sales and new home sales figures due out on Wednesday and Thursday respectively. Later this afternoon we have the US consumer confidence index for May. Very little of note for the UK this week with Nationwide house price data being the most prevalent ahead of next weeks rate decision by the BoE and ECB.

Report by Phil McHugh, Corporate Foreign Exchange

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76. Options Trading - Introductory Video
The Options Trading - Introductory Video

Today you can discover how options trading can turn your life around if you take the time to learn the necessary basics.

If you are curious about options, maybe frightened about options or have been trading without much success then this introductory video by veteran trader, Ron Iranieri is for you.

Ron Iranieri has worked on the floor and is a specialist in both Equity Options and Foreign Exchange Options. His introduction to options trading video gives a braod out line of the otions tading business.

When used correctly options are not the speculative risky instrument many people would have you believe. They are a flexible intrument that provide both profit and risk protection for your portfolio.

Options can act as an insurance for your investments and used in this way is a great tool for investors. See this introduction to options trading video for more information.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

77. Currency Market Updates
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, May 22, 2009

N/A No major economic indicators scheduled.

Key Events and Commentary available earlier every morning, via The Market Club

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight due to short covering as it consolidates some of Thursday's decline. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rebound off last week's low, this month's high crossing at 1437.75 is the next upside target. First resistance is Wednesday's high crossing at 1423.00. Second resistance is this month's high crossing at 1437.75. First support is Thursday's low crossing at 1352.00. Second support is the 25% retracement level of this spring's rally crossing at 1339.50. The June NASDAQ 100 was up 10.50 pts. at 1378.00 as of 5:58 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight due to short covering as it consolidates some of Thursday's decline. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below Monday's low crossing at 875.40 would confirm that a short-term top has been posted. If June renews this week's rally, this month's high crossing at 929.00 is the next upside target. First resistance is Wednesday's high crossing at 923.20. Second resistance is this month's high crossing at 929.00. First support is Thursday's low crossing at 878.00. Second support is Monday's low crossing at 875.40. The June S&P 500 Index was up 6.00 pts. at 894.70 as of 6:00 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

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BlogCatalog - Finance

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