April 24, 2012

Traders prep for CAD Retail Sales & USD Consumer Confidence

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The James’ Report:  Day Trading Strategies for Professional Traders
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Professional traders have a very special set of skills that allow us to operate with a simple, yet strict set of rules in an otherwise rule-less market environment.  Professional traders understand there is nobody to tell them what they can and cannot do, and therefore the unlimited potential for their actions can make or break them in their trading.  Professional traders understand that because there are no set of rules in the markets we trade, we must implement our own set of rules, and do whatever it takes to consistently operate within them.  Have you define your own rules for your trading?
***Notes/Observations from around the world***
– European equity indices have rebounded from the sharp losses seen during the prior session, with today’s gains being led by sectors which have recently underperformed. Overall, the equity markets have tracked the tightening in European peripheral debt spreads and lower yields for the Netherlands.
– Today is the beginning of the 2-Day Event FOMC Meetings.  Announcements are Wednesday afternoon.
– Australia low CPI reading opens door future easing; its 10-year Govt yields hit all time lows.
– China Mar FX Reserves decline
– UK public sector net borrowing (PSNB) ex Interventions at highest since Nov 2010; yet DMO trims FY12/13 Gilt financing
– Spain sells Bills at higher yields and mixed bid-to-cover
– Netherland gets off its bond auction relatively easy
Prepare for your trading
with these charts today:
Crude Oil
Futures
Gold
futures
E-Mini-Russell
Futures
Euro
Currency Futures

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