Trade Balance ahead of FOMC Meeting, Never Forget 09-11-01

The James’ Report:  Day Trading Strategies for Professional Traders

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LITTLE CRITICS:  The ancient Peng bird is one of the oldest known animals that can fly above the clouds, and it is the only bird in the sky that flies alone, without the companionship of the others.  Ancient proverbs have described smaller birds as being critical of the Peng bird, asking ‘why do you need to fly so high?’ ‘What is so bad about being close to the ground?’  These little birds are the critics in the world; they don’t understand the goals of the Peng bird to soar higher than any other.  We see this same example in our personal and professional lives every day.    When you are engaged in a goal that is greater than yourself you go beyond the comprehension of the people around you.  Don’t let others around you bring you down when they become critical, it’s not their fault, your biggest critics simply don’t understand why YOU don’t have the same limitations THEY do.  Just like the Peng bird, we must find our own goals, and soar high above the clouds to reach them, never allowing the little critics get in your way!

News from Europe & Asia for US Morning Session:

 – People around the world remember the events that occurred 11 years ago on September 11th , 2001. 

– German High Court ruled that it would proceed and render a decision on the ESM rescue fund on Wed, Sept 12th despite a last minute protest by CSU member Gauweiler
– IMF Zhu stated that the world should believe in Euro Zone recovery and expressed support ECB bond buying plan
– German Finance Ministry: ECB can help economy in the short term
– China Aug new CNY loans stronger than expected
– UK Visible Trade Balance narrowest since February 2011; Non-EU goods exports hit record high in July
– Germany High Court decision on ESM and FOMC decisions loom for risk appetite sentiment

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