November 2, 2012

Non Farm Payrolls ahead of Election Week in the US

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The James’ Report:  Day Trading Strategies for Professional Traders
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MANIFEST SUCCESS:  Something very interesting happens when you create a plan and follow it with discipline and determination, you begin to see amazing coincidences and opportunities that you never thought would happen in such a short period of time.  Have you ever thought about an old friend today, and then see them the following day?  Have you ever studied the advanced price-structures and then miraculously they seem to appear before your eyes on your charts?  The same can be true for your weakest moments in life.  Do you speak negatively about things that occur during your day?  We shouldn’t be surprised if our negative thoughts do the same thing, and bring you nothing but more pain.   The best part of all this is that WE CONTROL OUR MINDS, and today we can make the decision to focus our intentions on what will make us better, more successful people and traders.

News from Europe & Asia for US Morning Session:
– US jobs data eyed for potential impact on the outcome of the US Presidential election Tuesday [Dont forget to Vote]
– Green spouts aid growing optimism over the global economy
– European Manufacturing PMIs confirm bounce from 3+ year lows
– European equity indices are trading mixed ahead of the release of the monthly US payrolls data. Most of the final European manufacturing PMI figures were slightly above expectations, although the indices continued to show contraction. Spain’s Oct manufacturing PMI was weaker than expected, as the figure hit the lowest level since July. 
– In the UK, PMI data for the construction sector, which has been a drag on the economy, showed expansion for the first time since July. European banks are mostly lower and under-performers include Deutsche Bank. Resource related companies are mixed, amid the declines being seen in commodity prices.
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