Friday, March 28, 2014

Inflation remains subdued

Inflation remains subdued. The price index for personal consumption expenditures, the Federal Reserve's preferred gauge of inflation, was up a seasonally adjusted 0.1% in February from January and up 0.9% from a year ago.
Excluding the volatile categories of food and energy, the PCE price index rose 0.1% from January and was up 1.1% from a year ago.
Other measures also have showed prices undershooting the Fed's 2% inflation target. The Labor Department's closely watched consumer price index rose 1.1% in February from a year ago, and 1.6% excluding food and energy.
There are signs the U.S. economy last month began to bounce back from a stretch of weak data in December and January. Retail sales were up, factory production rose and nonfarm employers added an estimated 175,000 jobs in the labor market's strongest performance since November.

U.S. economy last month

There are signs the U.S. economy last month began to bounce back from a stretch of weak data in December and January. Retail sales were up, factory production rose and nonfarm employers added an estimated 175,000 jobs in the labor market's strongest performance since November.
Still, the housing market remained weak as unusually cold temperatures persisted in the northern and central U.S. It's been the coldest winter since 2009-2010 across all 48 contiguous states, according to the National Climatic Data Center.
"Certainly weather has played an important role in weakening economic activity in" the first quarter of 2014, Fed Chairwoman Janet Yellen said last week. She said most Fed officials expect the weather's effects will "begin to wash out in the second quarter, and we can even see some rebound."

Thursday, March 27, 2014

NZD/JPY

NZD/JPY has maintained a bullish pattern of higher highs and higher lows, this morning hitting new highs. Stochastics are poised to cross higher, which would be confirmed tonight by a close above 88.000. With daily and weekly MACDs above their zero lines, we expect extension of the uptrend to next major resistance at 97.793, the July 2007 high. Any setbacks will be limited in time and extent, with first strong support at 86.331, the March 17 low, which is also the 'last significant corrective low'. We will recommend a new long tonight on a close above 88.00, targeting 97.00, with the stop initially at 86.00.

success in the stock markets

To have success in the stock markets you need a trading plan that will detail your risk management and trade management to make money.  Traders need to have a plan and should constantly upgrade your trading plan for market success. You should have written rules for managing trades can help remove the effect of emotions on your trading since you will be following a good winning strategy, rather than trying to make decisions on the spot.  Traders need to write the plan down it allows you to review them on a regular basis and see if you are consistently following them.  Thus you are holding yourself accountable for your trades and are more likely to follow them. In your trading plan, you should have some sort of rule as to when you will move your initial stop to breakeven this will save your trading account.
Stock Market Success

lower jobless claims

A lower jobless claims number failed to produce more than a temporary bump in the dollar's value against the euro and yen as investors show they want more substantial proof that the employment picture in the US has improved. The dollar pushed higher against the yen to Y102.44, but quickly wound back down to Y102.28. The euro slipped against the buck briefly to $1.3750, before scrabbling back to its pre-report level, last at $1.3760. "Markets really want to see confirmation in the nonfarm payroll report for the strength of the job market