Later on, around 2 pm, the federal government is announcing with the mortgage industry a new plan to streamline the changing around and modifying of loans held by Freddie Mac and Fannie Mae. Look for more news on the press conference around 2 pm EST.
In other news, Oil has fallen dramatically to just under $59.00 in the US market trading. Currently, the Dow is in in the dumps around 262 points to 8,614.23.
Just a quick news shot for ya! TRADE ON!!!
Friday, November 21, 2008
Japan Enters Recession - Automaker Rescue Probable?
Today, is the day of reckoning for Japan’s economy. With the economy shrinking and companies shrinking budgets, profit outlook, and layoffs, Japan is now technically in a recession.
Japan’s Quarterly GDP contracted at -.1%, a sure sign that the economy is going in the opposite direction. The annual GDP shorted 1.6% from last year, but the economists had pinpointed it right on the nose. Tertiary Activity has also fallen .6% too.
So, not only the big news in Wall Street is not only the bailout fiasco with Hank Paulson, but also overwhelming concerns for the auto industry.
The Big Three are getting their asses handed every which way, and on the very reality that they might not be around much longer. Washington as of now is debating a $25 Billion care package to “save” the car industries, jobs, and anything else related to automobiles. Of course there isn’t any rescue package without conditions, and Washington would like to push the Big Three to start rolling out more efficient automobiles and also take care of immediate issues within. Possibility that CAFE standards will be interwoven into the rescue deal?
Well, let’s only hope for the best outcome, because of the multitudes of jobs that are on the line.
On news of this company and that organization laying off people left and right, we can safely say, that the US is in a recession, which probably could be cycled out within a year or two. The real possibility of the US falling into depression is what scares me.
George Soros, mentioned late last week that everybody is at high risk of falling into a depression. The problem with the depression issue, is that despite the government interventions, “new deals” and certain care packages that are issued, a depression can really rob some time from us.
The great depression started with Black Monday 79 years ago in 1929. The worst of the effects were not really felt until a few years later, and didn’t fully recover until a decade later in 1939, when Europe went to hell in a handbasket with World War II.
Let me fill you in on what you should know for Forex Market related news today:
For one, keep in mind that traders will keep heavily in mind the USDJPY and EURUSD. So far so good for the USDJPY, as there was a small upspike within the 96 yen range. Nothing though compared to widespread blowout that was experienced when the US Federal Budget Balance was an Epic Fail late last week.
The EURUSD will keep their eyes peeled on the Trade Balance announcement, which they expect a deficit of 5.7 Billion.
For the United States, Henry Paulson is going to blow the usual hot air and discuss the bailout in doomsday style commentary. Capacity Utilization, Industrial Production, and Empire State Manufacturing will be the big news shots for the day.
Keep your chin up and Trade on!!!
Tom HowellGoForexTrade.com
P.S. You haven’t checked out the Forex Funnel lately? Why haven’t you? An automated trading system that masters the price actions of the USD/JPY and makes the most pips out of any USD/JPY Expert Advisor. 60 Day guarantee says you are satisfied!!!
Japan’s Quarterly GDP contracted at -.1%, a sure sign that the economy is going in the opposite direction. The annual GDP shorted 1.6% from last year, but the economists had pinpointed it right on the nose. Tertiary Activity has also fallen .6% too.
So, not only the big news in Wall Street is not only the bailout fiasco with Hank Paulson, but also overwhelming concerns for the auto industry.
The Big Three are getting their asses handed every which way, and on the very reality that they might not be around much longer. Washington as of now is debating a $25 Billion care package to “save” the car industries, jobs, and anything else related to automobiles. Of course there isn’t any rescue package without conditions, and Washington would like to push the Big Three to start rolling out more efficient automobiles and also take care of immediate issues within. Possibility that CAFE standards will be interwoven into the rescue deal?
Well, let’s only hope for the best outcome, because of the multitudes of jobs that are on the line.
On news of this company and that organization laying off people left and right, we can safely say, that the US is in a recession, which probably could be cycled out within a year or two. The real possibility of the US falling into depression is what scares me.
George Soros, mentioned late last week that everybody is at high risk of falling into a depression. The problem with the depression issue, is that despite the government interventions, “new deals” and certain care packages that are issued, a depression can really rob some time from us.
The great depression started with Black Monday 79 years ago in 1929. The worst of the effects were not really felt until a few years later, and didn’t fully recover until a decade later in 1939, when Europe went to hell in a handbasket with World War II.
Let me fill you in on what you should know for Forex Market related news today:
For one, keep in mind that traders will keep heavily in mind the USDJPY and EURUSD. So far so good for the USDJPY, as there was a small upspike within the 96 yen range. Nothing though compared to widespread blowout that was experienced when the US Federal Budget Balance was an Epic Fail late last week.
The EURUSD will keep their eyes peeled on the Trade Balance announcement, which they expect a deficit of 5.7 Billion.
For the United States, Henry Paulson is going to blow the usual hot air and discuss the bailout in doomsday style commentary. Capacity Utilization, Industrial Production, and Empire State Manufacturing will be the big news shots for the day.
Keep your chin up and Trade on!!!
Tom HowellGoForexTrade.com
P.S. You haven’t checked out the Forex Funnel lately? Why haven’t you? An automated trading system that masters the price actions of the USD/JPY and makes the most pips out of any USD/JPY Expert Advisor. 60 Day guarantee says you are satisfied!!!
Alternative Programs for Detox Diet:
Beside the cabbage detox diet program there are many other healthier alternative food programs available which might not sound as boring as munching cabbages for a week. You can detoxify your body by eating raw vegetables, raw fruits and a varied combination of different fruits & vegetables. The primary objective of detoxification is helping Forex Trade Signals forex trading company body get rid of the gathered toxic waste in your system. So it would be best to keep yourself away from starchy foods such as cereals & fatty foods because as prevention is better than cure. By refraining from canned foods, sugar, caffeine, tea etc you can very well protect your body from the accumulation of toxic products. Forex Trade Signals
A Drawback of Cabbage Detox Diet:
However like every other diet program, cabbage detox diet program also has negative effects. Cabbage detox diet can prove completely useless and difficult for a person who is used to eating very spicy & delicious foods. His taste buds would not be able to endure this blend i.e. spice less dish, and surely it will be troublesome for him. Some other people also does not like forex currency trading system detox diet because they find eating cabbages for a whole week very boring & tough. The cabbage detox diet also does not have much nutrient-ional value like other diet programs and contain large amount of salt that you would pile up in your body.Because cabbage does not provide the essentials & basic materials needed by the body, the cabbage detox diet can not be followed on for long. A person on cabbage forex trading pips diet might suffer from dietary imbalance so don’t venture for it very often, once in 4 month would be enough If you feel the need of detoxifying your body
Cabbage Recipe: Cabbage Detox Diet
The cabbage detox diet is one of the most extraordinary, harmless diet programs used today. The cabbage has beneficial properties that are known to prevent cancer, among other known diseases. Cabbage Forex Trade Signals global forex trading diet normally has a 7 day detoxification program i.e. a full week, during this week the dieter’s whole consumption of food revolves around cabbage in raw form or in any other desired form e.g. cabbage soup. Cabbage detox diet does not only remove harmful toxins but also an effective way to get rid of obesity by loosing weight.
Cabbage Detox Diet Removes Presence of Toxins
We have exposure to numerous toxins & free radical present in the atmosphere which leads to a slow but regular accumulation of toxic wastes in our body. Such toxic & harmful products are in the air, water, food products that we eat and even medicines are not free from them, especially in the medicines for cancer. This is an alarming thought now because even if you take medicines to fight the toxins you will still be taking in more toxins one way or the other.
Learn How to Trade Forex With ForexGen
Before you get started, you need to learn and understand what foreign currency trading is and how it works. There’s lots of information out there to help you learn this business, but remember that much of this supposed information and free forex trading strategy advise can be misleading. But don’t let this keep you from seeking real, quality forex education, because this will be critical to your success as a forex trader. The second piece of advice that you should keep in mind is to start small.
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