September 7, 2012
- in Uncategorized by schooloftrade
Non farm Payrolls, Bullish europe, and Canada Ivey PMI
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The James’ Report: Day Trading Strategies for Professional Traders
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DYNAMIC CHANGE: No matter where we look in life we see a continuous, nonstop exchange of energy, information, power, and wealth. Consider a tree in the forest, which is consuming carbon dioxide, producing oxygen, providing shade, building materials, and using water and solar energy. As I type this passage today new thoughts are forming in both my mind, and yours. Dynamic exchange is happening everywhere, at every moment of the day. Think of how we interact with other people, including the markets we trade. When we enter a situation with a good attitude, humility, and goodwill towards others, we see this manifest right back to us with joy, laughter, assistance, and support. Take the time on this Friday to be proactive in your dynamic change. Find ways to project your goodwill, positive attitude, and support for others. The web of dynamic change may be hard to see, but it’s clear that it is everywhere around us, and we hold the key. News from Europe & Asia for US Morning Session:
– European equity indices are higher across the board, after the ECB disclosed details related to its new bond buying program.
– Most resource-related companies are trading higher, tracking the gains in the Chinese equity market. Equities in Shanghai rose by over 3.5% on the session (biggest one day gain since mid-Jan), on comments out of the ECB and China’s move to approve $157B in infrastructure projects.
– Looking ahead, traders are expected to focus on the later today release of the monthly US non-farm payrolls report and CPI data out of China (due on Sunday).
– Aussie data weaker sparks possible near term rate cut expectations
– Japan Fin Min Azumi warns that Govt to be out of money by Nov without the passage of deficit-bond bill.
– China National Development and Reform Commission (NDRC) approved several infrastructure projects valued at approx CNY1T
– EU/IMF/ECB Troika returns to Greece today
– President Obama accepts party nomination and admits that change takes eight years and not four– Focus on US Non-Farm payrolls and impact on QE3 outlook
– Japan Fin Min Azumi warns that Govt to be out of money by Nov without the passage of deficit-bond bill.
– China National Development and Reform Commission (NDRC) approved several infrastructure projects valued at approx CNY1T
– EU/IMF/ECB Troika returns to Greece today
– President Obama accepts party nomination and admits that change takes eight years and not four– Focus on US Non-Farm payrolls and impact on QE3 outlook
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