Jobless Claims, Natural Gas Inventories & 30-Year Bond Report

The James’ Report:  Day Trading Strategies for Professional Traders

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GRATITUDE:  Life gives us so much to be thankful for every day, we have so much time to practice the art of gratitude, but very few of us busy professional actually take the time to do it.  Look around you; the sun provides light and warmth, we feel healthy just being outdoors in nature, where we began.  The rain is our lifeline for growing food for our families, washing away the dirt of yesterday, and giving us new opportunities when the clouds disappear.  The air is freshest after the rain, and that has more value than we may think.  Think about the people who have worked hard to put you in this moment right now.  Friends, Family, Colleagues, and even enemies, we all need to practice gratitude for them.  Take your time to express your appreciation for those around you today, and remember to always be humble and grateful for all the little blessings we truly have.    

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News from Asia overnight:

– Asian markets were all in the green Thursday as China inflation continues to slow to 1.8% in July, this is the lowest level since January 2010.

– Industrial production and retail sales for China were also lower than expected, Shanghai Composite held on to its 0.5% gain despite the slowdown.

– Australia July unemployment was lower than expected at 5.2% also down from the revised lower reading of 5.3% in June. Employment change was +14K higher than expected, on an part and full time positions added in the month. June numbers were all revised lower. AUD/USD tested above $1.0610 on the news. 

News from Europe this morning:

– Bank of Korea leaves 7-day Repo Rate unchanged; as expected
– BOJ leaves both interest rates and asset purchase target unchanged, as expected 
– China CPI YoY reading at lowest level since Jan 2010
– China Industrial Production and Retail Sales below expectations and weaker MoM leading to renewed speculation that China PBoC has room to again adjust its key rates
– French Fin Min: France not pressuring Italy and Spain to take aid
– UK Trade Deficit the largest since Sept 2011 but might have been distorted from the Diamond Jubilee holidays

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