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Announcements

This site is currently inactive as I have decided to move away from exclusively trading Forex in 2010 and as such will not be taking on new coaching clients in this area.

 



I have resumed my focus on coaching as a stock market mentor where I run a success guaranteed stock trading mentorship program

 



Additionally, you can now get access to what I consider to be the best stock options trading alert service.

 



Of course I am biased and with a success rate fluctuating between 68.2% and 72.4% it is hard not to be biased.

 



If you do want to follow along with what I am doing every day you can get access to my dail stock market report 

 



Until next time


happy trading 


Mr Phil Newton or on LinkedIn Phil Newton trader

week commencing 13th - 18th February

Phil Newton's picture
Dollar Ignores Trade Figures The dollar’s slide following the trade report rested on the rationalization that the improvement was mainly the work of atemporary oil drop. Dollar bears could be wrong in their assessment in the event that the December pick up in exports carries through subsequent months and help offset high oil prices. Yet such a development should alsodepend upon the import capacity of US trading partners. The improving December trade gap may have stabilized fears of an uncontrollable deterioration and should contribute to upward revisions in Q4 GDP. The figures could reduce the drag on Q4 GDP growth from 1.73% to as low 1.5%. But currency traders have already shown they are unimpressed with troday’s figures and are already speculating about next week’s December TICS report on capital flows. Recall that capital flows soared 68% to $81 billion in November mainly as a result of a post-election surge in equity flows cheering the continuation of the Bush tax cuts. We see US bound equity flows retreating towards the $1-2 billion level, which could pull back the capital flow figure towards the high $60 billion. Today’s admission from North Korea's indicating that it has nuclear weapons was mainly surprising because it’s the first time the government made such a public remark of a well known fact. But Pyong Yang’s admission renders the US pursuit of Iran’s nuclear possibilities in new perspective and could suggest more interventionism in US foreign policy, which is a high risk prospect for the dollar.