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1. Sterling Under Pressure
Sterling Under Pressure

July 6, 2009

With Friday being a US holiday it was expected that we would see some volatility within the trading ranges. In UK trading we did not see a jot as the markets remained relatively quiet ahead of the weekend.

The situation changed in Asian trading as risk aversion was ratcheted up a couple of notches due to a few contributing factors. Firstly the hangover of the payroll data on Thursday was still apparent and undermined any move into risky assets.

In addition the civil unrest in China did not help. Here violence in the western region of Xinjiang has left at least 140 people dead and more than 800 people injured helping the case for risk aversion. We also have jitters ahead of the Obama-Medvedev meeting in Moscow on the reduction of nuclear warheads.

The US Dollar has made gains especially against sterling where it has moved below the crucial support of 1.62 to 1.6140 currently, this is a break lower in the recent trading range. Sterling has not been helped with news that the Bank Of England's monetary policy committee is expected to extend its programme of quantitative easing by 25 billion pounds this week. This is sterling negative, especially given the fact the Europe have not committed to extend their programme on QE. If the extension does proceed it is likely that this will be the last expansion of the QE programme by the Bank of England.

Not a great deal in terms of data today. We have Euro zone sentix investor confidence which is expected slightly better at -25 from previous -27. This stat underlines investor confidence towards the euro zone economy.

Watch out for sterling today as technically and fundamentally it is on the ropes. This is very apparent against the Japanese Yen where the rate has slumped to 153 from 159 at the end of last week. Against the USD the 1.60 level could now come under pressure and 1.15 against the euro, therefore this week is a big week for sterling to underline and consolidate its recent gains. If it breaks below the key levels mentioned it could be a case of mind the gap as we look then towards 1.55 and 1.10 again.

Report by Phil McHugh

Receive daily currency rate updates and market commentaries direct to your e-mail daily FREE from Currencies Direct

The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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BlogCatalog - Finance



2. Choppy Range Bound Trading Expected Today
Choppy Range Bound Trading Expected Today

July 3, 2009


Yesterday's non-farm payroll data came in weaker than expected with feedback that US employers shed nearly half a million jobs and the unemployment rate jumped to 9.5%.

This continues to fuel concerns on economic recovery and contributed to a broad sell off in the equities market with the Dow off 2%, the S&P 2.3% and the Nasdaq down 2.3% also. The dollar surprisingly did not gain on the news.

The swing towards risk aversion benefited the Japanese Yen to a greater degree. The jobs data serves another cold dose of reality for the markets and indicates the recovery road could be slow and bumpy. We have a US holiday today for Independence Day and the market will now focus on the US earnings period kicking off on Wednesday next week. However be careful of thin trading causing extra volatility within the current dollar trading ranges of 1.62-1.66 against sterling and 1.38- 1.42 on EUR/USD

Today we have eurozone retail sales, in April we saw the first increase for seven months with the Easter holiday and good weather helping the number. The consensus is for a slight decline for May. There was no change as expected in interest rates for the European central Bank. In the statement following the decision ECB president Trichet urged the banks to live up to their responsibilities and improve their capital base by taking advantage of government measures to re-capitalise.

He added that economic activity is likely to remain weak although the pace of decline will be less than the first quarter of this year. The ECB is not planning any new monetary policy initiatives.The Euro lost a little ground after the decision against sterling and the USD but nothing to get excited about.

Finally some good news for Ireland as June services PMI rose to 42.3 from 39.5 in May. The number is still below 50 which indicates contraction but the improvement will be well received.

Expect choppy and thin trading today with no real direction. we have already seen a dip in sterling from open across the board.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

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BlogCatalog - Finance



3. Payroll Thursday
Payroll Thursday

July 2, 2009

Sterling lost more ground against the EUR and the USD yesterday as the repercussions of the lower GDP number continued to weigh it down. The euro was lifted following news from the OECD stating that there is no risk of deflation for the euro zone and a report from Reuters that the Chinese had asked for a new reserve currency to be discussed at the G8 next week.

EUR/USD pushed up to 1.42 before selling by the Bank of International Settlements and Russia eased it back to 1.41. The euro gained further against sterling forcing it back towards 1.16 and the lows of the current trading range.

Data from the UK yesterday was actually slightly better than expected with manufacturing activity shrinking at its slowest pace for a year. Although this raised hopes that GDP data will improve later in the year it was not significant to stop the slip in sterling.

Today the main focus will be on payroll data from the US out at 13:30 GMT. Non-farm payroll data is the most important data point for all financial markets and is released normally on the first Friday of each month (this month Thursday due to Independence day holiday tomorrow).

Reaction to the data can cause huge volatility in the FX markets led by the USD as sentiment and expectation are measured in real time. A good number is US dollar positive and a weak number USD negative in normal markets. However at the moment in the current economic climate a good number will add to the risk appetite bandwagon and could lead to a sell off in the USD on improved sentiment.

The number for June is expected around -365k and unemployment is expected a touch higher at 9.6% from 9.4% previously. If we see a 10-20% deviation from the expected, then hang on to your hats.

Also today we have the monthly European Central Bank meeting from the ECB. Rates are expected to be kept on hold at 1% but it will be the statement following that could affect the FX markets with any talk of additional QE measures (unlikely) moving the euro.

A big mover in the markets yesterday was the Polish Zloty which advanced to its highest level in six weeks against the euro. Poland has lined up a World Bank loan of $4.5 billion and the pace of manufacturing shrank so a double win for the currency yesterday.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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BlogCatalog - Finance



4. The S&P 500 index Overview for July
The S&P 500 index Overview for July

July 2nd 2009

The S&P index for July is showing signs of weakening. During March and April and again in May in June we saw a braod trading range.

Currently our monthly Trade Triangles are showing an upward trend but our weekly Trade Triangles are pointing down. This indicates a neutral market and traders should be on the sidelines at this time.

When we apply the Fibonacci tool it is pointing to a short position at around the 810 mark while the 880 mark is the key level to watch. We will be putting our stops at 783.32.

Additionally the MACD is pointing down so watch this market right now and be ready to act at the 810 mark.

Take a look at this video for a clearer picture of the S&P July update.

I hope you find the video informative, educational and profitable.

My regular readers will know that the video is free to watch and there is no need to register.

Let's hear from you on our blog!

All the best,
Go to it,
Good Trading,

Tom Nadir

Market Club

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

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BlogCatalog - Finance



5. Sterling Rally Muted Again
Sterling Rally Muted Again

July 1, 2009

Well yesterday certainly started well for sterling as it crashed through 1.66 against the USD and pushed over 1.18 against the euro.

Unfortunately, as has been the trend for sterling this did not last; in fact the rally was reversing ahead of the UK GDP data for the first quarter. The release of the data only catalysed the reversal. GDP came in at -2.4% which is the sharpest decline for over 50 years bringing in the annual fall to 4.9%.

Naturally the gloom merchants jumped on this news as a snappy headline against the backdrop of recent greenshoots. The implication for sterling was to pull it back into the range bound trading ranges that we have been seeing over the last two weeks of 1.62-1.66 against the USD and 1.15-1.1800 on the euro.

Going forward the continually contracting GDP data is obviously a concern but in my eyes expected; however as unemployement numbers normally lag behing GDP data then we should see unemployment rising more sharply than expected. The GDP data also highlights a move away from current forecasts for the UK economy, especially by the chancellor who expects growth of 1.25% next year.

The weak data for the UK helped the USD in particular in morning trading as the rate retraced from 1.675 to 1.66 by later morning. US consumer confidence data dropped to 49.3 in June from 54.8 in May- a bad number which exasperated a move into risk aversion started by weak UK GDP data. This led to further USD gains as Wall Street dipped on a sombre note and pushed cable down to 1.64. GBP/EUR also fell below 1.17 helped by better than expected German unemployment data.

The Japanese Yen came inder pressure even in the light of a move into risk aversion, losing ground against the euro and the USD. Overnight the Tankan manufacturing survey rose but to a lesser extent than expected. USD/YEN pushed to 97.00 from 95.00 levels with large US buyers noted. In other news China's manufacturing expanded for the fourth month in a row with PMI rising to 53.2 from 53.1 in May.

Look out for UK PMI data this morning at 9:30. It is likely to come in unchanged but another weak number following the GDP data could lead to a further slide for the pound to the lower end of the ranges.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

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6. Apple versus RIMM...So What Happened?
Apple verus RIMM...So What Did Happen?

June 30th 2009

In the middle of May we looked at Apple and RIMM. Today we are reviewing that situation.

Adam Hewison, who produces these videos, shows clearly, precicely and clearly what has happened in the last six weeks or so.

Apple, Inc and RIMM , Research in Motion, Ltd are BIG market players.

This is how we keep an eagle eye on this market and you will also see how the strategy of "pair trading" or "trading pairs." works in real time.

What trading pairs means is that you buy one market while going short the other market in the same sector. Now Apple and RIMM are battling it out in the smart phone sector. We are waiting on the sidelines to see who gets the upperhand and that is to our advantage. Right now it looks as though Apple may have the upper hand based on its very successful "APP" store.

Trading pairs is what many professionals do when they are unsure as to the direction of the general market but feel pretty comfortable in their analysis of the relationship between two stocks.

I hope you find the video informative, educational and profitable.

My regular reader will know that the video is free to watch and there is no need to register ;-)

Let's hear from you on our blog!

All the best,
Go to it,
Good Trading,

Tom Nadir

Market Club

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

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7. Commodity Rally Sparks a Move on the Major CurrencieS
Commodity Rally Sparks a Move on the Major Currencies

June 30, 2009

Late trading yesterday on Wall Street and in Asian equities pushed up commodities; crude oil moved up 3.4%, copper and Gold also gained. This reflected increased risk sentiment in the markets. This led to the usual swings in the markets with the USD and Yen broadly sold.

EUR/USD pushed back up to 1.41, GBP/USD pushed over the 1.66 resistance level to a high of 1.6743 and GBP/EUR pushed through 1.18 to a high of 1.1850.

Sterling is also being underpinned by healthy data out overnight and this morning. UK Gfk consumer confidence data came in at -25, this is the highest reading in 15 months. In addition UK nationwide house price data was penned at +0.9% month on month. The house price data was a nice surprise for sterling as the market was expecting a drop of 0.5% following the 0.4% drop in May.

Naturally the report is still noting caution on the data but it does add to the sentiment that we are seeing a bottoming out in house price falls. Expect a little caution on sterling ahead of the GDP data at 09:30, if we see a good number here we could test further on the upside against the EUR and USD.

Look out for data from the US later in the form of consumer confidence and the Chicago Purchasing Managers Index, again if we see good data this should help the risk appetitie sentiment and fuel further sellling of USD.

We also have the Tankan survey from the Bank Of Japan later tonight which highlights forecasts for growth in the manufacturing sector, this is released against the backdrop of the jobless rate in Japan posting a 5 year high. An improvement is expeceted but given the weak jobless data and improved sentiment we could see the Yen weakne further along with the USD.

Yesterday Bernard Madoff the disgraced financier was jailed for 150 years for orchestrating the $65 bn fraud. The heavy sentence is a little pointless given that he is 71 years old, however it does reflect the severity of the crime and certainly sends a message to would be fraudsters...

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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8. Little Change in Range Bound Markets
Little Change in Range Bound Markets

June 29, 2009

No major shifts in the markets as we maintain range trading across the board. Sterling has remained firm against the USD and has pushed up against the euro to 1.1780. Surprising really as an article in the Telegraph noted that Britain's national debt will quadruple according to Standard & Poors.

That is unless drastic steps are taken. The ratings agency is predicting that public sector debt could hit post war levels of 200pc of economic output. This will turn huge attention to election pledges for the next parliamentary term. Although rhetoric will not suffice and these pledges will need to be followed with hard action to maintain the AAA rating.

The USD is caught in no mans land as sentiment is helping the USD weaken and at the same time further comments from China that there will be no sudden change in China's reserve policy helped it firm. This was more noticeable against the Euro and the USD worked back from the 1.41 level to 1.40.

Some very interesting stances on the USD in relation to forecasts are developing. It seems there is a real divide between USD strength and further weakness. The dollar bulls are looking at the US dollar to gain as a safe haven on a prolonged slowdown and if the economy turns the corner the US will be ahead of the curve and that will lead to USD strength.

The dollar bears fear that suggested growth in the US is unfounded and high debt and low consumption will weaken the USD. Also in this scenario a lack of confidence for the USD as a safe haven will no doubt heighten.

The bulls are looking for EUR/USD to close the year at 1.50 and the bears 1.20 on EUR/USD. Data released from Japan showed that industrial output increased by 5.9% in May compared to April; a good number which is the third rise in a row for Japan but still 30% lower than the previous year and there is a fear that this momentum could slip in the coming months.

Looking at the week ahead for the UK we have Gfk consumer confidence overnight and Nationwide house price data tomorrow morning followed by UK GDP for the first quarter. Other important data releases will focus on the ECB interest rate meeting on Thursday and unemployment data for the euro zone.

For the US we have later in the week average hourly earnings and non-farm payrolls and unemployment data. I feel the markets will maintain their range trading for the week ahead with sterling struggling to forge a move higher and market uncertainty keeping the USD from pushing over 1.66 against the pound and 1.41 on the euro.

In other news Bernard Madoff will learn his fate today following his shocking "ponzi" scheme which amounted to the world's biggest financial fraud (that we know of) of $65 bn. He is arguing for a 12 year sentence, however his victims are pushing for 100 yeas ...or possibly a bit more (Ed)

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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9. The Market Club Updates June 26, 2009
The Market Club Updates June 26, 2009

KEY EVENTS TO WATCH FOR:

Friday, June 26, 2009

8:30 AM ET. May Personal Income

Personal Income (expected +0.2%; previous +0.5%)

Personal Spending (expected +0.3%; previous -0.1%)

PCE Price Index Monthly (expected +0.1%; previous +0.3%)

PCE Price Index Yearly (previous +1.9%)

PCE Core Price Index Monthly (previous +0.1%)

PCE Core Price Index Yearly (previous +0.4%)

9:55 AM ET. June Reuters/Univ Of Michigan Consumer Confidence Index, final

Sentiment Index End month (expected 69; previous 68.7)

Sentiment Index Mid Month (previous 69)

Expectations Index End Month (previous 69.4)

Expectations Index Mid Month (previous 65.4)

12-Month Inflation Forecast (previous 3.1)

Value (Current Period) End Month (previous 67.7)

Value (Current Period) Mid Month (previous 74.5)

Discover how to have an instant analysis on any symbols sent to your inbox immediately.

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The September NASDAQ 100 was lower overnight as it consolidates some of Thursday's rally. Nevertheless, stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally, the reaction high crossing at 1516.00 is the next upside target. Closes below Monday's low crossing at 1412.00 would renew this month's decline. First resistance is Wednesday's high crossing at 1476.75. Second resistance is the reaction high crossing at 1516.00. First support is the 10-day moving average crossing at 1450.97. Second support is Tuesday's low crossing at 1412.00. The September NASDAQ 100 was down 3.75 pts. at 1469.00 as of 5:52 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.


The September S&P 500 Index was lower overnight due to light profit taking as it consolidates some of Thursday's rally. Stochastics and the RSI are turning bullish signaling that sideways to lower prices are possible near-term. Closes above the 20-day moving average crossing at 921.27 are needed to confirm that a short-term low has been posted. If September renews this month's decline, the reaction low crossing at 874.00 is the next downside target. First resistance is Thursday's high crossing at 917.50. Second resistance is the 20-day moving average crossing at 921.26. First support is the 10-day moving average crossing at 906.78. Second support is Tuesday's low crossing at 884.30. The September S&P 500 Index was down 3.60 pts. at 913.00 as of 5:59 AM CST. Overnight action sets the stage for a steady to lower opening by the September S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

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10. USD Weakens on Better Outlook
USD Weakens on Better Outlook

June 26, 2009

Late afternoon and overnight the USD weakened across the markets as data came in better than expected.

The US economy shrank at an annualised rate of 5.5% in the first quarter of 2009. This was better than the expected contraction of a 5.7% decline. The data raises hopes that the economy has reached a bottom and that Q2 data will show further improvement in GDP.

The USD was initially performing strongly in trading yesterday as news that initial jobless claims had risen unexpectedly by 15,000 last week. This led to sentiment to lean towards caution especially given the Feds lack of clarity on future moves in their policy meeting. During the afternoon the USD experienced a sustained sell off against the majors with GBPUSD pushing up from technical support at 1.6250 to a high of 1.6499 in early trading. EUR/USD has also again pushed through the 1.40 level to sit at 1.4045 currently. US equities jumped higher with the S&P 500 up 2.1%, this carried through to Asia with the Nikkei climbing 2.2%. The gain in equities mirroring the improved sentiment following the GDP data.

Another reason for USD weakness can be attributed to the view that interest rates in the US will remain low for a considerable time- there was an expectation for a rate hike in early 2010 but the recent comments from the Fed suggest not. Looking at interest rates the early view on major economies is that a hike will be seen first by the Reserve Bank of Australia and then by the Bank of England- yield remains a key driver for currencies and the AUD and the pound could gain if this view permeates to the markets.

The economy in New Zealand continues to disappoint with GDP data coming in at -2.7% against expectations of -2.3%. This is now the fifth consecutive quarter of contraction for the economy and demonstrates the theme of an export driven economy experiencing more pain in the global slowdown.

The same story can be said of Germany. In fact the German finance minister Peer Steinbruck told the BBC that Germany must reduce its dependence on foreign trade. The problem is twofold for Germany and New Zealand in that the fall in demand has been coupled with a significant strengthening of the currency which further dampens the demand.

We expect another volatile day in the markets as sterling targets the technical high of 1.66 on the USD and the EUR aims to breach 1.41.

Same theme elsewhere in the fact that the AUD, ZAR,and NZD have firmed up on the increased appetite.

Keep an eye on the Swiss Franc as further intervention could occur if the CHF starts to strengthen against the USD or the EUR.

Report by Phil McHugh

Receive daily currency rate updates and market commentaries direct to your e-mail daily FREE from Currencies Direct

The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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11. The Internal Workings of the S&P 500
The Internal Workings of the S&P 500

June 25th 2009

This short video examines the internal workings of the S&P 500 index. This update uses the internal forces of the market to time new positions. It uses the free technical tools available in MarketClub to help time a position.

You will see three of tools we have at our disposal in use here. The first and most important tool used in this example is the Fibonacci retracement tool which works so well for this example.

Next is the Welles Wilder parabolic SAR. This tool is very useful for confirming entry and exit points when combined with our Fibonacci retracement tool.

Lastly, the MACD is used as a check on the other tools and is in agreement. This tool can help in timing the entry point using an intra-date chart.

The video is free to watch and there is no need to register.

Watch, listen, learn and enjoy this the video.

Now go to it,
Good Trading,

Tom Nadir

Market Club

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

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12. How Did Our Forex Trading Pairs Work Out?
How Did Our Forex Trading Pairs Work Out?

June 25th 2009

You will remember we saw Adam Hewison analyze 13 forex cross-rates in less than 11 minutes last week. Let's have a look at how they worked out.

As it turned out it wasn't too shabby but it could have been better. Of the 13, 5 turned out to be good ones. That is the trade triangle technology was pointing us in the right direction.

What this means is that both our daily and weekly Trade Triangles were in alignment indicating the direction for that particular cross.

Lets recap. We looked at the following cross rates on June 18th, 2009. The first number you see below is what that cross rate was trading at when we made the video last week:

USA/CAD was trading at 11335. Trade Triangles said to be long USD short CAD Now trading at 11490, that's a profit of 155 pips.

USA/NZD was trading at 5642. Trade Triangles said to be short USD long NZD Now trading at 5533 this is a profit of 109 pips.

CAD/CHF was trading at 9578. Trade Triangles said to be short CAD long CHF Now trading at 9531 this is a profit of 47 pips.

USDCHF was trading at 10869. Trade Triangles said to be short USD long CHF Now trading at 10952 for a loss of 83 pips.

Dollar Index play from 8034 when I made the video and is currently trading at 8023 for a gain of 11 pips.

Out of the five markets that showed the correct Trade Triangle configuration, 4 are profitable and 1 was showing a loss as of this writing.

Total Gain: 322 pips
Total Loss: 83 pips

Total Net: 239 pips

5 trades, 4 wins, 1 loss
80% win/loss ratio

3.87 pips gained for every pip lost

Now remember, this was all done in just 11 minutes and we analyzed 13 cross rates. It will always be like this and you will not always have this percentage of winners. However, if you trade using this Trade Triangle technology and are disciplined, diversified and follow the program, you will be a winner over time.

What I really like about these videos they are all done in real time.

Now you have seen it in action and know how to analyze the Forex markets really quickly and still come out as top dog!

All the best,

Tom Nadir

Market Club

Take a look more free educational trading videos here.

The contents of this report are compiled by Tom Nadir for information purposes only.

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13. Free Options Mastery Course and Webinar
Brett Fogle, President of Options University, is about to start GIVING AWAY their Options Mastery Series course.


This is the flagship product of the Options University and others have paid as much as $1,997 for it.

This impressive video reveals:

An entirely new perspective on your trading in volatile markets like these (and why you should be paying attention)

While the "herd" got slaughtered last year, how the smart and savvy investors made out like "bandits" using options.

Undeniable proof that Ron Ianieri and Options University have been calling this market meltdown for well over a year and showing their students how to profit using options.

Important new reasons why now is the best time to be learning options and using them not only to protect against losses but also to get "back in the black" much faster than with stocks alone.

And most importantly, how to get a personal copy of the $1,997 training course on options (their Flagship Product) totally without charge and another $970 in complimentary bonuses and monthly "continuing education" training.

Here is where you will learn more about the give-away of Brett Fogle's Options Mastery Course. (Only 1000 copies)

There is also a webinar tonight , 9pm Thursday 25 June so join me there if you possible can, I look forward to meeting you.

To your successful trading,
Tom Nadir

Book your 9pm (EST) webinar place NOW.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

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14. The Market Club Updates June 25, 2009
The Market Club Updates June 25, 2009

KEY EVENTS TO WATCH FOR:

Thursday, June 25, 2009

8:30 AM ET. June 20 Jobless Claims

Weekly Jobless Claims (expected 605K; previous 608K)

Weekly Jobless Claims Net Change (expected -3K; previous +3K)

Continuing Jobless Claims (previous 6687000)

Continuing Jobless Claims Net Change (previous –148000)

8:30 AM ET. 1 Quarter GDP, final

GDP (previous -5.7%)

GDP 2nd Est. (previous -5.7%)

Chain-Weighted Price Index 2nd Est. (previous +2.8%)

Chain-Weighted Price Index (previous +2.8%)

Corporate Profits 2nd Est. (previous +12.9%)

PCE Price Index 2nd Est. (previous -1%)

Purchase Price Index 2nd Est. (previous -1%)

Real Final Sales 2nd Est. (previous -3.4%)

10:00 AM ET. June 13 DJ-BTMU Economic Barometer (previous -0.9%)

10:00 AM ET. Fed Chmn. Bernanke testifies before House Committee on Merrill Lynch acquisition by Bank Of America in Washington

10:30 AM ET. June 12 EIA Natural Gas Inventories, in billion cubic feet

Total Working Gas in Storage (previous 2557)

Total Working Gas in Storage (Net Change) (previous +114)

11:00 AM ET. May Kansas City Fed Mfg Index (previous –3)

4:30 PM ET. June 15 Money Supply

4:30 PM ET. June 24 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings (previous 36.6B)

Primary Credit Borrowings W/E Daily Avg. (previous 36.18B)

Primary Dealer Borrowings (previous 0B)

Primary Dealer Borrowings W/E Daily Avg. (previous 0B)

Discount Window Borrowings (previous 122.97B)

Discount Window Borrowings W/E Daily Avg. (previous 123.74B)

4:30 PM ET. June 17 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings (previous 2.75T)

US Foreign Agency Holdings (previous 806.84B)

Foreign Treasury Holdings (previous 1.95T)

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THE STOCK INDEXES

The September NASDAQ 100 was lower overnight as it consolidated some of Wednesday's gains. Nevertheless, stochastics and the RSI are oversold and are turning neutral hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1465.65 would confirm that a short-term low has been posted. If September extends the decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 20-day moving average crossing at 1465.65. Second resistance is the reaction high crossing at 1516.00. First support is Tuesday's low crossing at 1412.00. Second support is the 25% retracement level crossing at 1399.87. The September NASDAQ 100 was down 2.50 pts. at 1444.75 as of 6:07 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 Index was slightly lower overnight as it consolidates some of Wednesday's rally. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline, the reaction low crossing at 874.00 is the next downside target. Closes above the 20-day moving average crossing at 920.36 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 907.65. Second resistance is the 20-day moving average crossing at 920.36. First support is Tuesday's low crossing at 884.30. Second support is the reaction low crossing at 874.00. The September S&P 500 Index was down 0.60 pts. at 897.60 as of 6:09 AM CST. Overnight action sets the stage for a steady to lower opening by the September S&P 500 index when the day session begins later this morning.

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15. Lots of News and Volatility
Lots of News and Volatility

June 25, 2009

Lots to talk about on yesterday's trading day. Early in the trading day the OECD (organization for Economic Cooperation and Development) provided an upbeat assessment for the economy. The think tank pointed to a recovery albeit fragile in the OECD area for 2010.

For Britain it was not wholly optimistic, forecasting that the economy will contract by 4.3% in 2009 and stagnate in 2010. This goes against the grain of government forecasts of growth in 2010. It forecast that UK public debt will rise to 14% of GDP and this would prevent further stimulus action if required. GDP forecasts for other major economies show contractions of 2.8% in the US, 6.8% in Japan and 4.8% in the eurozone.

Sterling is a little weaker this morning against the USD and the Euro. Dissidence between Mervyn King and the government on fiscal policy is not helping sterling's cause. Mr King was stated that the "scale of the deficit is truly extraordinary" and he criticized the lack of a long term plan of fiscal policy which has essentially undermined the governments actions to date.

The buzz words now are long term and sustainable as the bottom is perceived in major economies; attention will turn to sustainable recovery and planned action for public debt against the previous reactive measures introduced in the face of the sharp downturn. Sterling should improve with improving economic conditions and economic confidence but steps must be taken now to reduce the UK deficit or the UK economy could suffer a relapse.

Spencer Dale recently noted that the weak pound was helpful to economic conditions in the UK, the market took the view that he was talking down the pound following recent gains. The SNB (Swiss National Bank) went one step further. The Bank for International Settlements (BIS) which traders said were acting on behalf of the SNB, sold the franc against the euro and the dollar.

The SNB declined to comment on the intervention which led to the franc weakening sharply across the markets- this also firmed up the euro and the USD.

Yesterday saw unprecedented liquidity funding from the ECB to lend at 1% for 1-year refinancing- this attracted 1120 banks in return for approximately $500 billion. The key question for the euro is how much of this funding will be converted to other currencies and when- this could weaken the euro over the next few sessions.

Finally we saw the recent Fed meeting last night; no huge surprises here. Their assessment was moderately upbeat confirming that the pace of contraction was slowing. The FOMC underlined however that rates will be kept low for some time. The dollar gained in the run up and following the release making all the ground lost earlier in the day against sterling. This highlights the uncertainty in the markets especially surrounding key data snaps.

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16. The Market Club Updates June 24, 2009
The Market Club Updates June 23, 2009

KEY EVENTS TO WATCH FOR:

Wednesday, June 24, 2009

7:00 AM ET. June 19 Mortgage Applications

Market Composite Index (previous 514.4)

Market Composite Index Cur Chg (previous -15.8%)

Purchase Index (S.A.) (previous 261.2)

Purchase Index (S.A.) Cur Chg (previous -3.5%)

Refinance Index (previous 1998.1)

Refinance Index Cur Chg (previous -23.3%)

8:30 AM ET. May Durable Goods

Total Orders (expected -0.8%; previous +1.7%)

Orders, Ex-Defense (previous +1%)

Orders, Ex-Transportation (previous +0.8%)

10:00 AM ET. May New Home Sales

Overall Sales (expected 360K; previous 352K)

Percent Change (expected +2.3%; previous +0.3%)

10:30 AM ET. June 19 US Energy Dept Oil Inventories

Crude Oil Stocks (previous 357.72M)

Crude Oil Stocks (Net Change) (expected -1.3M; previous -3.87M)

Gasoline Stocks (previous 205.03M)

Gasoline Stocks (Net Change) (expected +1M; previous +3.39M)

Distillate Stocks (previous 150.03M)

Distillate Stocks (Net Change) (expected +600K; previous +308K)

Refinery Usage (expected 86%; previous 85.9%)

N/A Two-Day FOMC meeting continues; interest rate decision
expected around 2:15 p.m. EDT

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THE STOCK INDEXES

The September NASDAQ 100 was higher due to short covering overnight as it consolidated some of this week's decline. Stochastics and the RSI are becoming oversold but remain bearish signaling that sideways to lower prices are possible near-term. If September extends the decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 10-day moving average crossing at 1452.62. Second resistance is the 20-day moving average crossing at 1463.37. First support is Tuesday's low crossing at 1412.00. Second support is the 25% retracement level crossing at 1399.87. The September NASDAQ 100 was up 5.75 pts. at 1429.75 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 Index was higher due to short covering overnight as it consolidates some of Monday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends the decline, the reaction low crossing at 874.00 is the next downside target. Closes above the 20-day moving average crossing at 920.27 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 911.28. Second resistance is the 20-day moving average crossing at 920.27. First support is Tuesday's low crossing at 884.30. Second support is the reaction low crossing at 874.00. The September S&P 500 Index was up 3.60 pts. at 893.80 as of 6:03 AM CST. Overnight action sets the stage for a higher opening by the September S&P 500 index when the day session begins later this morning.

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17. USD Weakens Ahead of the FOMC Meeting
USD Weakens Ahead of the FOMC Meeting

June 24, 2009

Yesterday started quietly enough as the markets consolidated the previous days volatility following the downgrading of global growth by the World Bank. That was until the Euro rocketed up against the USD and sterling. Surprising really considering the recent scent of unrest with European banks and ongoing questions on the debt concerns in Germany.

The Euro picked up from 1.38 through the 1.40 level and sterling dropped to 1.1630 against the euro. So why the euro strength? The dollar should have been well positioned following the affirmation of its AAA rating and the recent swing to risk aversion.

The euros gains could be attributed to comments from Weber that the ECB do not plan to expand their QE programme or there could have been a shift to the euro ahead of the ECB's first auction on their QE programme for 1-year funding at 1%. However the reason attributed in trading circles is simply down to a large order being filled and huge demand arising from a US investment bank and then overnight in Asia.

Looking at the markets this morning sterling has made good gains against the USD and recovered some ground on the euro. The lack of further equity losses being broadly sterling positive. Tonight we have the monthly meeting on interest rates in the US, the FOMC are not expected to move interest rates but they will comment on their QE measures introduced.

The USD is on the backfoot as the market does not feel that the Fed can allay concerns over the QE programme. In addition the Fed will probably re-assert its position on keeping interest rates low for some time to come- again this is USD negative.

Data today already released from the OECD (Organization For Economic Co-operation and Development) says the economic outlook has improved for the first time in 2 years. Good news but the report also noted that soaring unemployment and ballooning deficits could knock the recovery off its track.

Looks like its going to be another volatile day today with a weaker USD driving movements. Looks like its going to be another volatile day today with a weaker USD driving movements. Commodity currencies remain under pressure following Tuesdays sell-off with AUD, NZD CAD ZAR looking fragile. I would expect to see broad USD weakness today against the major currencies ahead of the FOMC meeting

Report by Phil McHugh

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18. The Market Club Updates June 23, 2009
The Market Club Updates June 23, 2009

KEY EVENTS TO WATCH FOR:

Tuesday, June 23, 2009

7:45 AM ET. June 2 ICSC/Goldman Sachs Chain Store Sales

Chain Store Sales Index - WoW (previous -0.6%)

Chain Store Sales Index - YoY (previous -1.5%)

8:55 AM ET. June 2 Redbook Index

MoM % Change (previous -4.5%)

12MonChgPct (previous -4.6%)

52WkChgPct (previous -4.8%)

10:00 AM ET. June Richmond Fed Survey

Manufacturing Index (previous 4)

Retail Revenues Index (previous –13)

Services Revenue Index (previous –29)

Shipments Index (previous 9)

10:00 AM ET. May Existing Home Sales

Total Sales (expected 4.8M; previous 4.68M)

Percent Change (expected +2.6%; previous +2.9%)

4:30 PM ET. June 1 API Oil Industry Report

Crude Stocks (Net Change) (previous -1.26M)

Gasoline Stocks (Net Change) (previous +2.14M)

Distillate Stocks (Net Change) (previous +881K)

Refinery Runs (previous 83.3%)

5:00 PM ET. June 2 ABC/Washington Post Consumer Confidence Index (previous –49)

N/A Two-Day FOMC meeting begins; interest rate decision expected around 2:15 p.m. EDT Wed.

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THE STOCK INDEXES

The September NASDAQ 100 was higher due to short covering overnight as it consolidated some of Monday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends last week's decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 20-day moving average crossing at 1462.35. Second resistance is the reaction high crossing at 1517.75. First support is Monday's low crossing at 1421.25. Second support is the 25% retracement level crossing at 1399.87. The September NASDAQ 100 was up 3.50 pts. at 1431.50 as of 5:53 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 index index was higher due to short covering overnight as it consolidates some of Monday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends the decline, the reaction low crossing at 874.00 is the next downside target. Closes above the 20-day moving average crossing at 920.16 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 915.89. Second resistance is the 20-day moving average crossing at 920.16. First support is the overnight low crossing at 886.70. Second support is the reaction low crossing at 874.00. The September S&P 500 Index was up 5.00 pts. at 893.60 as of 5:55 AM CST. Overnight action sets the stage for a higher opening by the September S&P 500 index when the day session begins later this morning.

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19. World Bank Downgrade Snaps the Recent Risk Driven Rallies
World Bank Downgrade Snaps the Recent Risk Driven Rallies

June 23, 2009

Yesterday the World Bank predicted that the global economy will contract 2.9% this year compared to their previous forecast of a 1.7% decline.

This caused a seismic shift in the markets as the wave of risk driven rallies crashed and petered out as concerns that recent "green shoots" will not be sustainable.

The effects in the markets were significant; equities were driven lower, the S&P down 3%, Nikkei down 2.8% and the Dow falling over 2%. Oil and Commodities tumbled as investors jumped into safer harbours. Oil fell 4%, Copper over 5% and Gold hit its lowest level since mid-May.

In the currencies the moves were very apparent. We saw the AUD unwind significantly against the USD and the CAD also offloaded recent gains retreating to over 1.15 against the USD.

So the big losers were the commodity driven currencies and the main gainers being the "safe haven" currencies namely the USD and Japanese Yen.

So did the market get ahead of itself?

It is hardly surprising that we have hit a barrier in the drive for recovery. It would be naIve to think that we would see a "V" shaped global recovery and in fact that we could even predict a recovery in such uncertain and unchartered conditions.

The mood was not helped by the fears of banking issues in the Eurozone and concerns over German debt. Look out for the ECB's first auction of one-year funding tomorrow, As the auction is open to foreign banks along with European banks this could lead to funds moving out of euros into other currencies.

The USD was also boosted as a safe haven port by comments from Moody's that the triple-A rating is safe; risks to the rating would arise if the government is unable to bring a downward trajectory on debt and if the US dollar is challenged as the main reserve currency. Data today from Europe confirmed that June PMI which measures activity in the manufacturing and services sector came in weaker than expected, however the euro is up this morning against the USD and the GBP as stress tests on Greek banks were positive.

In the UK mortgage approvals came in better than expected, however net lending was down. Sterling is under pressure against the Euro and the USD following the dip in market confidence.

Report by Phil McHugh

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20. The Market Club Updates June 22, 2009
The Market Club Updates June 22, 2009

KEY EVENTS TO WATCH FOR:

Monday, June 22, 2009

N/A No major economic indicators scheduled.

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THE STOCK INDEXES

The September NASDAQ 100 was lower overnight due to profit taking as it extends last week's trading range. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends last week's decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 10-day moving average crossing at 1469.07. Second resistance is the reaction high crossing at 1517.75. First support is last Wednesday's low crossing at 1437.75. Second support is the 25% retracement level crossing at 1399.87. The September NASDAQ 100 was down 12.25 pts. at 1451.75 as of 5:55 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The September S&P 500 index was lower overnight as it consolidates below the 20-day moving average. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends last week's decline, the reaction low crossing at 873.10 is the next downside target. Closes above the 10-day moving average crossing at 922.11 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 921.70. Second resistance is the 10-day moving average crossing at 922.11. First support is last Wednesday's low crossing at 899.50. Second support is the reaction low crossing at 873.10. The September S&P 500 Index was down 6.80 pts. at 908.90 as of 5:56 AM CST. Overnight action sets the stage for a lower opening by the September S&P 500 index when the day session begins later this morning.

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21. Mixed Reports from the Eurozone
Mixed Reports from the Eurozone

June 22, 2009

Looking at the markets this morning the euro has started on the back foot. The reason for the fall in the euro is due to banking fears again creeping into the scene. The European Central Bank has warned that the region may face another 283 billion euros of losses by the end of next year and it seems that the skeletons are still appearing for Europe's banking sector.

Further writedowns are likely to appear in most major economies, however the scale of the losses in the Eurozone is likely to weigh on the euro going forward. An article in the Wall Street Journal also highlighted the plight facing the German economy stating that "weaker tax revenue, soaring welfare bills and new spending for bank bailouts and fiscal-stimulus measures could increase Germany's debt by more than 100bn euros next year".

Further write downs and ballooning debt will certainly undermine the euro, especially given the conservative stance so far taken by the ECB. The German Ifo business climate survey released already shows an improvement in June to 85.9 from 84.2 in May, the business expectation index also rose to 85.90 in June from 84.30 in May.

This is good news for Germany but has not helped the euro gain as the market takes that data with a heavy pinch of salt given the weaker sentiment shrouding the euro-zone and Germany as mentioned earlier.

In the UK, Rightmove has reported a 0.4% month on month fall in house prices which has bucked the trend of recent improvements in housing sector data. The Bank Of England also identified weakening of lending in its last survey for April. Sterling so far has not been dented in the weaker data, it seems that the market does not expect back to back improvements in house prices at this point.

Looking at the week ahead the main focus is on the Fed rate decision on Wednesday evening. The Fed are not expected to move on interest rates although their response to QE measures already introduced and possible further measures could surprise the markets.

Report by Phil McHugh

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22. 5 Free Chapters of Trading 'Secrets'
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23. Forex Trading Pairs Analyzed Quickly
Forex Trading Pairs Analyzed Quickly

June 19th 2009

Analyzing forex trading pairs can be a great way to take quick profits from any given pair of cross rates. It can also be time consuming but with the MarketClub "Trade Triangle" technology the job is a lot quicker and simpler.

In this short video you will see how 13 forex pairs and the the dollar index are analyzed in a few minutes.

Right now the Australian dollar is performing well against USD, GBP and the YEN.

How does the AUD compare with the SWISS FRANC or the US dollar aginst the SWISS FRANC ? If you can access this information quickly, easily and accurately you will be in a postion to make some good profits because you will insantly know whether you should be short or long, selling or buying in any of the markets.

Using our technology for analyzing cross rate trading the euro and the pound for example or the Aussie dollar and the euro could not be simpler and opens many opportunities for you.

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All the best,

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24. Mixed Data Leads to Range Trading
Mixed Data Leads to Range Trading

June 19, 2009

The currency markets settled into range trading yesterday as mixed market data continued to cloud the outlook for global economies. Sterling dipped sharply following unexpectedly weak retail sales data which reinforced recent words of caution from the Bank Of England and Mr Darling. The pound managed to claw back most of the losses in later trading and this bodes well for the technical strength of the pound which could see it form a base for a move towards 1.20 against the euro and 1.65 on the USD.

Focusing on data yesterday from the US, weekly jobless claims rose modestly to 608,000 and there was a decrease in continuing claims. This indicates that the pace of lay-offs has fallen and added optimism to the markets as employers look to retain staff with the view of an expected rise in business activity going forward. In addition, the Philly Fed survey on the manufacturing sector showed a rise to -2.2 in June from -22.60 in May, although still in contraction the data is much healthier than expected. This helped to calm jitters and lift activity in riskier assets, the AUD posted gains against the YEN , USD and GBP and the Kiwi dollar also gained.

In other news, German producer prices came in as expected and EU leaders stated that further budget stimulus was not warranted at the present time. Leaders also backed the reform of financial supervision following news from the UK and the US on this topic; the EU will plan a creation of pan-European standard-setting and risk monitoring bodies in 2010. EU leaders are expected today to back a plan for a quick disbursement of the next installment of aid to Latvia. The Euro is looking stronger against the USD but remains under pressure against sterling.

Figures from yesterday showed that Britain's public finances fell with net borrowing rising to nearly 20 billion pounds. Also a report from the Bank Of England showed that lending to British businesses fell by 5.4 billion pounds in April, not a good indicator for easing credit conditions. Sterling was not dented on the news but growing debt and tight credit conditions going forward will weigh on the pound.

The Swiss National Bank (SNB) said that it would continue to act to prevent the appreciation of the Swiss Franc against the euro- the SNB intervened on March 12 and again through the Bank for International Settlements on May 15th. The Swiss Franc was a major gainer during the global slowdown and the SNB are proactively trying to maintain a leash on the strength of the Franc.

Report by Phil McHugh

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25. The Market Club Updates June 18th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Thursday, June 18, 2009

8:30 AM ET. USDA Weekly Grain Export Sales Reports

8:30 AM ET. June 1 Jobless Claims

Weekly Jobless Claims (expected 603K; previous 601K)

Weekly Jobless Claims Net Change (expected +2K; previous -24K)

Continuing Jobless Claims (previous 6816000)

Continuing Jobless Claims Net Change (previous +59K)

10:00 AM ET. May Conference Board Leading Indicators

Leading Index (expected +1%; previous +1%)

Coincident Index (previous -0.2%)

Lagging Index (previous -0.5%)

10:00 AM ET. June 6 DJ-BTMU Economic Barometer (previous 0%)

10:00 AM ET. June Philadelphia Fed Manufacturing Index

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Business Activity (expected -18; previous -22.6)

Prices Paid (previous -22.8)

Employment (previous -26.8)

New Orders (previous -25.9)

Prices Received (previous -33.8)

Delivery Times (previous -18.1)

Inventories (previous -28.6)

Shipments (previous -19)

10:30 AM ET. June 5 EIA Natural Gas Inventories, in billion cubic feet

Total Working Gas in Storage (previous 2443)

Total Working Gas in Storage (Net Change) (previous +106)

4:30 PM ET. June 8 Money Supply

4:30 PM ET. June 1 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings (previous 35.41B)

Primary Credit Borrowings W/E Daily Avg. (previous 36.87B)

Primary Dealer Borrowings (previous 0)

Primary Dealer Borrowings W/E Daily Avg. (previous 0)

Discount Window Borrowings (previous 123.99B)

Discount Window Borrowings W/E Daily Avg. (previous 110.61)

4:30 PM ET. June 1 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings (previous 2.75T)

US Foreign Agency Holdings (previous 811.09B)

Foreign Treasury Holdings (previous 1.93T)

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THE STOCK INDEXES


The September NASDAQ 100 was lower overnight and is poised to renew this week's decline. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Tuesday's close below the 20-day moving average crossing at 1452.77 confirms that a short-term top has been posted. If September extends this week's decline, the 25% retracement level of this spring's rally crossing at 1399.87 is the next downside target. First resistance is the 10-day moving average crossing at 1475.52. Second resistance is last Wednesday's high crossing at 1517.75. First support is Wednesday's low crossing at 1437.75. Second support is the 25% retracement level crossing at 1399.87. The June NASDAQ 100 was down 7.75 pts. at 1445.75 as of 5:57 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.


The September S&P500 index was lower overnight as it extends this week's decline below the 20-day moving average. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends this week's decline, the reaction low crossing at 873.10 is the next downside target. Closes above the 10-day moving average crossing at 925.86 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 918.27. Second resistance is the 10-day moving average crossing at 925.86. First support is Thursday's low crossing at 899.50. Second support is the reaction low crossing at 873.10. The September S&P 500 Index was down 0.70 pts. at 904.60 as of 5:59 AM CST. Overnight action sets the stage for a lower opening by the September S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

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26. Surprise Drop in UK Retail Sales
Surprise Drop in UK Retail Sales

June 18, 2009

Following yesterday's cautious assessment from the Bank Of England, sterling dipped after a good run. The dip in sterling yesterday was not hugely significant (1% against the euro and 0.8% against the USD) but it does dampen recent expectations of targeting 1.20 on the EURO and 1.70 against the USD.

Data just released in the form of UK retail sales was much worse than expected falling 0.6% month on month against a forecast of a 0.4% rise. This brings the fall in retail sales to -1.6% on a year on year basis!

The fall in retail sales is a big surprise and bucks the trend of recent gains on retail sales in April and May. The fall has been attributed to poor sales of clothing, footwear and sales by department stores. It is worth noting that online retail sales posted the slowest growth rate in the surveys nine year history dropping 3.5% from April's level. This identifies that both on the street and on-line sales are suffering as the economic slowdown maintains its hold with consumers.

Sterling dipped sharply on the news against across the markets dropping a full cent against the US dollar and 0.6% against the euro.

David Blanchflower (former MPC member) warned that we have yet to realize how painful economically the next few years will be, Blanchflower's opinion is well regarded as he was one of the few voices warning of the full economic impact of the sub-prime fall out before the reality of it kicked in.

Mervyn King, in a speech at Mansion House emphasized the need for a clear plan to reduce deficits in the next parliament; this will be key for the future performance of sterling and the USD as concerns are mounting on the spiralling debt levels.

Lack of a clear plan to reduce this debt will lead to weakness in USD and the pound.

On to regulation. Alistair Darling in his speech called for banks to focus on long term wealth creation and not short term profits, noting that the process of learning has to start in the boardroom. This is fine rhetoric but can it be assured?

Mervyn King wants the Bank Of England to have more say in financial regulation contrasting to Darling's view that the current system is adequate. Similarly in the US Barack Obama in between swatting flies has come up with some new proposals to try to safeguard the US economy from a repeat of recent issues.

The theme of the proposals was to increase power and accountability for the Federal Reserve and to get banks to raise additional capital going forward. Whilst the regulatory discussion are not having a direct bearing on the markets- it is critical that this dealt with along with spiraling debt in order to increase confidence in the UK and US economies moving forward.

Looking at the USD we did see some weakness in trading yesterday as lower inflation data essentially underlined the necessity to maintain interest rates at low levels for some time to come.

In other news a report in Australia showed that the Reserve Bank of Australia sold over 1 billion AUD in May to try to suppress the strength of the currency- this just shows the demand for the AUD as a higher yielding commodity currency in the last month.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

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27. S&P 500 at Two Week Low - What Comes Next?
S&P 500 at Two Week Low - What Comes Next?

June 17th 2009

I would like to share this look at and analyse the S&P 500 with you.

The SP 500 index is showing down on the 200 Day indicators yet up on the 50 Day. While it is in the trading range the MACD shows a downward trend putting pressure on the market.

The tenor of the market has changed so it may be well to expect a downward erosion at this time.

In addition to the two trend lines that are graphically illustrated in this short video,

there are also two other tech indicators to take note.

I suggest you make the effort to watch this short video with my compliments.

Remember, as always, there no need for registration or plugins.

When you have watched it, I am sure you will see how you can benefit from these indicators.

All the best,

Tom Nadir
Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only.

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28. Risk Trades Shelved For Now
Risk Trades Shelved For Now

June 17, 2009

A quick look at yesterday's movements in the markets saw sterling maintain its trade weighted highs following better than expected CPI data- against the euro we peaked at 1.1860 and recovered against the USD from 1.62 to 1.65 before US data turned the trend. EUR/USD also edged back to 1.39 as the USD was sold off following its previous day gains.

Recently we are seeing a market torn between risk appetite and risk aversion- this is dominating the currency markets with flows in and out of the USD and YEN still dictating. Looking at data from the US we saw that housing starts jumped 17.2% to 532,000 new units from Aprils low of 454,000

A good number but still 45.2% down on last year, at the same time we saw Industrial Production fall 1.1% in May from April which was worse than expected and suggests that the economy is still struggling to pull through its recessionary period.The mixed data led to a pull back in the markets as the USD gained on the weaker Industrial Production data.

Focusing on sterling this morning we have already seen unemployment data and the Bank Of England minutes. The unemployment data came in better than expected at +39.3k in May against a forecast of +60k. The BoE minutes showed a vote of 9-0 to keep rates at 0.5% and to maintain the current level of 125 billion on Quantitative Easing. The BoE pointed out that the rise in sterling could reduce net trade and CPI pressures in the short term and credit supply remained constrained- on the back of this sterling has made a swift u-turn from the initial rally on the data and is now dipping against the USD, EURO and YEN.

The news that British Airways are asking 40,000 of its staff to work for free for 1 month is also a stark reminder of the tough conditions in the UK economy and does not help sterling's cause.

Onto the BRIC meeting and the political leaders said they wanted to take a larger role in the world financial system. Especially as their foreign reserves grow. The BRIC leaders are divided between supporting the US dollar. As it is the only choice for now and advancing the march for an alternative. The meeting has not had a direct impact on the markets but will affect future sentiment on the USD.

Yesterday we saw a good ZEW report from Germany which identified both better sentiment and improved current conditions. This is indeed a surprise following sharp contraction and rising unemployment in Germany.

Later look out for the UK Chancellor making probably his most important speech in recent times at the Mansion House dinner. Within his address, he is expected to say that he will not alter the UK's regulatory regime between the BoE, Treasury and FSA.

Also, the US President, Barack Obama, will reveal plans for a system of financial regulation that gives the Federal Reserve primary responsibility for averting and mitigating future financial problems.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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29. The Market Club Updates June 16th 2009
The Market Club Updates

NEW INO TV Free

Find out what makes INO TV the right place for you.

Watch From Your Computer - Avoiding Common Trading Pitfalls by Mark Cook. In this fast-paced video, trading champion Mark Cook shares his ideas for making winning trades.

As the first place finisher in the options division of the U.S. Investing Championship, Mark credits research, planning and an attention to detail for his astounding 536% return.

Find out what makes INO TV the right place for you.

Currency Market Updates are compiled by Tom Nadir.

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30. Equities Fall as Markets Stutter
Equities Fall as Markets Stutter

June 16, 2009

Yesterday's cautious note led to a pronounced sell off in the equity markets as fresh concerns over the global economy sparked a sell off. The Nikkei was down 2.5%, the Dow was 2.1% lower and the Nasdaq slumped 2.3%. Tthe fall in the US stocks was the worst slide in a month.

It seems the market is now looking for more definitive signs that the economy is improving over sentiment. Weaker regional manufacturing data did not help the markets and also the news of a protestor death in Iran spooked the markets. The USD and the YEN both made gains yesterday with GBP/USD retracing back to 1.62 and EUR/USD back to 1.3750.

The USD is also under scrutiny ahead of the meeting of BRIC leaders- BRIC is an acronym that refers to the fast growing economies of Brazil, Russia, India and China. The leaders are to discuss mutual trade settlements and reserve investment in BRIC currencies. Russian PM Medvedev is calling for the creation of new reserve currencies outside the USD, at the same time Russian finance minister Alexi Kudrin said yesterday that he had confidence in the dollar and that there were no immediate plans to switch to a new reserve currency.

Kremlin aide Sergei Prikhodka also noted that BRIC leaders did not intend to discuss new reserve currencies in any great depth. The practicalities of looking for an imminent switch to a new reserve currency would be difficult to achieve but it will be interesting to see if a future plan to diversify away from USD will be discussed in depth. Naturally the USD will lose value on plans/discussion for a new reserve currency.

Sterling is continuing its bull run as data this morning confirms that May CPI rose 0.6% month on month which is stronger than the forecasted 0.3% gain. Some analysts feel this may increase the chance of a rate hike from the Bank Of England, however I think low rates will be on the cards for sometime and the Bank Of England will be nervous of too much inflationary pressure. Sterling is pushing higher against the euro and the USD, however it is back under 160 against the YEN.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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31. Is This a Turning Point in Forex Trading?
Is This a Turning Point in Forex Trading?

June 16 2009

This new course from Bill Polous was due for release in the Fall, but because of extreme interest from the Forex trading community, he put all his other projects on hold in order to release it this week.

Based on the early feedback he's been receiving from those lucky enough to see a preview copy, it looks like this may be a turning point in Forex trading.

Why?

Because Bill does everything in his power to give you the "keys to the kingdom" where you understand EXACTLY what to do when you go to place a trade. There's never any second guessing or wondering.

CAUTION: This is NOT for "systems junkies", or individuals who like to let others make their trading decisions.

But it IS for traders who like to have FULL CONTROL of their destiny in the markets.

IT'S ALL ABOUT YOU

This new method is designed with YOU and YOUR schedule in mind. It's all about giving you the flexibility you need in your busy day to trade in as little as 20 minutes or even all day long if that's what you have time for.

Bill is only planning on releasing a limited amount of courses in the next week that show you how to find trade setups quickly, protect your position with a sort of "risk shield" and then look for profit as fast as possible so you can move on to the next trade.

So if you want to< p> * Triple your profit potential by simultaneously looking at the short, intermediate, and longer-term trends and then automatically using the dominant trend to virtually ensure your edge and give you the best chance for a successful trade.

* Get started quickly and place your first trade with as little as a $500 trading account when you use "mini lots".

* Trade in as little as 20 minutes or all day long by customizing your daily trading plan with the timeframes of your choice to fit your changing schedule.

* Enjoy frequent and fast trades from start to finish by quickly identifying only the highest-probability, lowest-risk trades.

* Practically "rub out" account-crippling losses by using simple yet profoundly powerful risk management rules. It's like having a Forex "Risk Shield" so you're protected at all times.

* Become an independent trader and stop relying on so-called gurus, black box systems, or other gimmicks. Be totally confident when you know what to do every time, no matter what happens in the markets.

...then check out the open letter Bill wrote for you that describes all the details:

Read the letter here.

I hope you're as excited as I am about this.
Stay tuned for more soon.

Good Trading,
Tom Nadir

The contents of this report are compiled by Tom Nadir for information purposes only. .

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32. The Market Club Updates June 15th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Monday, June 15, 2009

8:30 AM ET. June NY Fed Empire State Survey

Manufacturing Index (previous -4.55)

Employment Index (previous -23.86)

New Orders Index (previous -9.01)

Prices Received Index (previous -27.27)

9:00 AM ET. April Treasury Intl Capital Flows, in dollars

To have an instant analysis on any symbols sent to your inbox immediately, Click this link

Monthly Net TIC Flows (previous 23.2B)

Net Foreign Acquisition of
Long-Term Securities (previous 36.9B)

Net Foreign Acquisition of US
Agency Debt (previous -15.6B)

Net Foreign Acquisition of US
Corp Bonds (previous 3.5B)

Net Foreign Acquisition of US
Equities (previous 13.2B)

Net Foreign Acquisition of US
Treasury Bonds & Notes (previous 55.3B)

Net Long-Term Securities
Transactions (previous 55.8B)

1:00 PM ET. June NAHB Housing Index

Housing Market Index (previous 16)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was lower overnight due to profit taking and is trading below the 10-day moving average crossing at 1488.15. Stochastics and the RSI are overbought and are turning bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1446.17 would confirm that a short-term top has been posted. If June extends this spring's rally, the 50% retracement level of the 2008-2009-decline crossing at 1566.62 is the next upside target. First resistance is last Wednesday's high crossing at 1517.75. Second resistance is the 50% retracement level crossing at 1566.62. First support is the overnight low crossing at 1468.00. Second support is the 20-day moving average crossing at 1446.17. The June NASDAQ 100 was down 14.25 pts. at 1472.25 as of 5:55 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends this month's trading range. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009 decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 919.73 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 957.20. Second resistance is the 38% retracement level crossing at 1040.33. First support is the reaction low crossing at 922.70. Second support is the 20-day moving average crossing at 919.73. The June S&P 500 Index was up 2.60 pts. at 944.70 as of 5:56 AM CST. Overnight action sets the stage for a lower opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

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33. Caution is the Buzz Word
Caution is the Buzz Word

June 15, 2009

The CBI (Confederation of British Industry) commented that the recession will be shorter and less severe than previously expected. The CBI believes that the pace of contraction will moderate by the end of this year and moderate growth will materialise early next year. They also scaled back their forecast for unemployment from 3.2m to 3.03m by the second quarter of 2010.

However it warned that the recovery would be "slow and gradual" and it would take time to judge whether recent good news will turn into sustainable growth in the economy. This echoes the caution noted by Alistair Darling and comments from Bank Of England officials.

Sterling continues to hold respectable levels across the markets, it has retraced a little against the US dollar which is due to US dollar strength over sterling weakness which we will go into shortly.it has this morning hit a new 2009 high of 1.18 against the euro and holds above 160 against the Japanese Yen.

The euro is under pressure this morning against the USD and sterling following an article in the Daily Telegraph reporting of warnings to be released on the credit conditions in Germany. The DIHK survey to be released this week is expected to confirm that credit conditions for large German companies are not easing despite the interest rates being cut to 1%.

This will be a definitive blow for the Eurozone as it essentially affirms that the ECB have not done enough in easing credit conditions. This could lead to the ECB embracing further Quantitative Easing measures. The problem for the Eurozone and the euro is that these measures will not commence until July and could see the Eurozone sticking out like a sore thumb as other major economies drive towards receovery. This will naturally be euro negative.

On top of this negative slant for the euro, IMF's Strauss-Kahn has re-empahsised concerns over the budget situation in Latvia, he said "The IMF is especially concerned about the fact that the necessary measures which have to be undertaken to fix the important budget deficit should not hurt the poor, primarily." Escalation of budgetary concerns in Latvia will weaken the euro and Swedish Krona.

The main gainer in the markets since Friday is the US dollar. Risk appetite has waned and concerns in Latvia, North Korea and Tehran are encouraging Yen and Usd buying. The USD has also gained support in its status as a reserve currency from Russia and Japan. Kaoru Yasano, Japan's finance minister, said his trust in US treasuries was "absolutely unshakeable". Naturally any diversion from the US dollar as the natural reserve choice would hit the US dollar very hard.

On the back of risk appetite waning we have seen a slump in commodity based currencies such as the AUD, CAD and NZD.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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34. Do you really need the Forex Income Engine 2.0?
Do you really need the Forex Income Engine 2.0?

June 12 2009

I was just thinking...do you need these complimentary "Flexible Forex" training videos?

I think so but you decide.

Since releasing the "Flexible Forex" training videos just a couple of days ago, the requests for the "Forex Income Engine" 2.0 training course haven't stopped pouring into the office.

Some traders have even phoned our office asking how they can get a copy of the new course NOW, even though it doesn't get released until next Tuesday, June 16th.

Needless to say, the response to this new way of trading intra-day Forex pairs has been a bit overwhelming.

So if you want to know what comes with the course and what the price is check out the videos here and you will also discover that there is an opportunity to get a course for free!

Stay tuned for more soon.

Good Trading,
Tom Nadir

If you missed Part 1, you can see it here.

The contents of this report are compiled by Tom Nadir for information purposes only.

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35. The Market Club Updates June 12th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, June 12, 2009

8:30 AM ET. May Import Prices

Import Prices (expected +1.5%; previous +1.6%)

Non-Petroleum Prices (previous -0.4%)

Petroleum Prices (previous +15.4%)

To have an instant analysis on Petroleum Prices (or any other symbol) sent to your inbox immediately,
Click this link

9:55 AM ET. June Reuters/Univ Of Michigan Consumer Confidence Index, prelim

Sentiment Index End month (previous 68.7)

Sentiment Index Mid Month (expected 69.8; previous 67.9)

Expectations Index End Month (previous 69.4)

Expectations Index Mid Month (previous 69)

12-Month Inflation Forecast (previous 2.8)

Value (Current Period) End Month (previous 67.7)

Value (Current Period) Mid Month (previous 66.2)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it consolidates above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but are neutral hinting that additional short-term gains are possible. If June extends this spring's rally, the 50% retracement level of the 2008-2009-decline crossing at 1566.62 is the next upside target. Closes below the 20-day moving average crossing at 1440.68 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 1517.75. Second resistance is the 50% retracement level crossing at 1566.62. First support is the 10-day moving average crossing at 1488.77. Second support is the 20-day moving average crossing at 1440.68. The June NASDAQ 100 was up 2.75 pts. at 1494.75 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends this month's trading range. Stochastics and the RSI are overbought but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 916.97 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 957.20. Second resistance is the 38% retracement level crossing at 1040.33. First support is the reaction low crossing at 922.70. Second support is the 20-day moving average crossing at 916.97. The June S&P 500 Index was up 1.60 pts. at 942.10 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

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36. Why the Forex Income Engine 2.0 Could Be Good For You
Why the Forex Income Engine 2.0 Could Be Good For You

June 12 2009

I urge you to check out Bill Poulos's brand new, complimentary "Flexible Forex" training videos.

They reveal how he and a small group of his students have been enjoying all the recent volatility in the Forex markets caused by otherwise "scary" market conditions elsewhere.

So while other traders are "frozen" waiting for the markets to recover, some traders have been actively trading the Forex markets this way, day after day, completely ignoring the media's "doom and gloom" mantra.

Want to see how? Watch the videos here.

(These videos will be coming offline soon, so be sure to watch them and take notes before they disappear...)

Now, while these videos by themselves have more content than a lot of reports you'd have to PAY for, Bill released them to "whet your appetite" to see if you might be right for his brand new Forex Income Engine 2.0 home study course.

More details on this groundbreaking way to day trade the Forex markets have just been released in this new video where Bill reveals the answers to the top 2 questions he's been receiving since he released his new "Flexible Forex" 2.0 training videos.

I'll let you know if he releases any more training videos or updates. But in the meantime, if any of this piques your curiosity or interest, get ready for the special, limited release of his course next Tuesday, June 16th. It's going to be exciting.

Good Trading,
Tom Nadir

If you missed Part 1, you can see it here.

The contents of this report are compiled by Tom Nadir for information purposes only. .

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37. Sterling Continues to Drive Higher
Sterling continues to drive higher

June 12, 2009

Has sterling broken the back of recent USD and euro strength witnessed in the last 6 months? You cannot take this for granted as sterling remains a fragile entity. We witnessed this in last weeks sharp sell off in sterling amid the political furor. The fact that the pound has recovered strongly is testament to increasing optimism for a recovery in the UK economy and also recovery in the global markets.

Cable (GBP/USD) has moved back over 1.65, sterling has consolidated at 2009 highs against the euro and we are still above 160 against the Yen. Sterling has had a range of positive economic indicators of late and most recently a survey by Gfk/NOP, a leading market research agency showed that inflation expectations for the coming year rose to 2.4% in May from 2.1% in Feb.

Also we had further good news in the housing sector as the Council of Mortgage Lenders reported that mortgage approvals rose 16% month on month in April and loans to first time buyers improved by 11%. Sterling was also supported with confirmation of the Barclays/Blackrock deal completing- helping sterling through expected M&A flows materializing.

On the flipside we have seen sterling fall off a cliff on a number of occasions. Alistair Darling featured in a story in the FT called for caution on recent signs of an economic recovery in the UK. He signaled the threat of inflationary pressure from rising oil prices could hamper a recovery. Oil prices have risen swiftly to over $70 as optimism improves.

BoE member Paul Fisher backed up the call for caution stating that policymakers should not be complacent and warns that there is a major downside risk to growth still evident. In my view sterling is not out of the woods yet and may still trip on a few branches but the worst is behind us.

The US dollar looks like a currency in no mans land...yesterday data pointed to a sharp drop in jobless claims and an improvement in retail sales- yet the dollar was sold. The dollars problem is that risk appetite is fuelling dollar selling and concerns over the US fiscal deficit are not supporting the dollar on good news. The euro is also looking a little jittery on concerns of banking issues yet to emerge- this concern was underlined by comments from Deutsche that German, Irish and Nordic banks still look weak.

Eurozone industrial production just release came in worse than expected at -1.9% month on month. EUR/USD has moved off this mornings high at 1.41 and is looking at the moment to test the 1.40 level on the downside. Sterling looks consolidated at 1.17 against the euro.

No real data of note today- G8 are meeting in Lecce but no immediate impact is expected to fall into the markets.

Receive daily currency rate updates and market commentaries direct to your e-mail daily FREE from Currencies Direct

The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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38. 4 Indicators that Create Forex independence
4 Indicators that Create Forex independence

June 11 2009

I hope you were able to watch Part 1 of the brand new video Forex training I posted that reveals 30+ year trading veteran Bill Poulos's recent Forex discovery.

It's already shaking things up and breaking old paradigms in the Forex trading community. See what one trader had to say:

"I have been trading the Forex markets for 3 years, and I can honestly say this is probably one of the most interesting videos I have seen. Bill, you have a gift of being able to explain a method that every one can understand, look forward to your next video..."

-but wait until you see the next video... PART 2 is ready now!

It's called "Flexible Forex" F.R.E.E.D.O.M. In Action There are no registration requirements.

In the first video, you saw you a high level overview of how all the turmoil in the world right now is creating possibly the best profit potential we've ever seen in the Forex markets.

Then you saw the flexible method Bill discovered that lets you trade as little or as much as you want... WHENEVER you want.

In Part 2, he "zooms in" and shows you, step-by-step, how he quickly and easily spots trade setups, in all 6 major Forex pairs and in any timeframe.

Part of his discovery is the completely uncommon way he uses 4 indicators. I'm not aware of anyone using them this way and that's why it's so powerful.

You'll also learn:

* Why you want to place your stop orders where you DON'T expect the market to go...

* How to get into a "F.R.E.E. trade" situation ASAP with all your Forex trades...

* How to handle losing trades like a pro...

* The kind of market you MUST avoid at all costs...

* His "super simple" risk management rules that even an 8th grader could understand and was inspired by EINSTEIN...

* A "hands-on" overview of some excellent broker-supplied charting and trading software that makes Forex trading easier than ever...

* ...and a TON more.

Go here to see this video now:

Make sure you take notes on these videos, because he will likely be pulling them offline next week.

Good Trading,
Tom Nadir

If you missed Part 1, you can see it here.

The contents of this report are compiled by Tom Nadir for information purposes only. .

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39. GBP/EUR hits new 2009 high
GBP/EUR hits new 2009 high

June 11, 2009

Sterling has again pushed higher on a trade weighted basis as optimism continues to grow on an imminent recovery in the UK. The National Institute for Economic and Social Research (NIESR) said output grew 0.1% in May and 0.2% in April. The data suggests that the UK has become the first major economy to exit the recession and follows improved industrial production data yesterday and better recent house market signals.

The data in itself is not conclusive proof of an exit from recession but it has certainly helped sterling to move higher. The pound has hit a new 2009 high of 1.1737 against the euro, it is trading above 1.64 on the dollar and is still holding its head above 160 against the Japanese Yen. Bank Of England member Andrew Sentance also opined that Britain's economy is on track to return to growth later this year. Personally I feel the optimism is overcooked and could lead to another false dawn for sterling but it is refreshing to hear some postitive soundbites following months of doom and gloom!

Risk appetite remains strong in the markets supporting sterling, euro, aussie dollar and the canadian dollar. Stock markets around the world gained last month as the total stock market capitalization icreased by almost $5 trillion in May, according to preliminary data released by the World federation of Exchanges. The gain in May gives three consecutive monthly gains with the largest seen in May and all 52 stock markets reported an increase in their domestic stock market capitalization.

India led the way with a 44% increase. This recent improvement in global stock markets has led to further selling of the USD and the YEN. Sterling has gained due to the fact that it was pumelled in the downturn but the main gainer of late has been the AUD which is a firm favourite for yield based trades. The aussie was helped after China said that urban fixed-asset investment rose 32.9% in May following a government stimulus package of 4 trillion Yuan- more fuel for the risk appetite machine.

Last night the bank of New Zealand left rates unchanged at 2.5% and indicated that the recession may be neraing an end- this led to a surge on the NZD/USD cross and GBP/NZD to fad away from its approach to 2.60 and back towards 2.55.

Main economic data today will surround US retail sales and jobless claims this afternoon. US data yesterday was not particularly positive with the US trade deficit widening for a second month and the Fed Beige book indicating that many US regions deteriorated between mid April and May. An auction of benchmark 10 year treasury notes led to selling pressure on the USD and led to spreads widening to levels not seen since October last year.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information. Currency Market Updates are compiled by Tom Nadir.

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40. Using Gold as an Indicator
MARKET CLUB UPDATES June 10 2009

June 10 2009

There is an indicator which has been around since 1957. It has accurately forecasted every inflationary and deflationary cycle since.

For large cyclic trends I like to use this method.I recommennd you try this index for certain stocks and commodity related markets.

Over the last 50 years, this index has seen some remarkable moves both on the upside and more recently on the downside. I believe that this is the indicator that everyone should watch. If you trade stocks or futures and are interested in world trade trends, this is the indicator to track.

The tenth revision of this index renamed it the Reuters-Jefferies CRB Index (NYBOT_CR) I easily track this indicator everyday using MarketClub.

You can learn more about this index from the Trader's Blog.

Here is a list of the 19 markets that are included in the RJ/CRB index as implemented in the 2005 revision:

Metals: aluminum, copper, gold, nickel, silver
Energies: crude oil, heating oil, natural gas, unleaded gas
Grains: corn, soybeans, wheat
Food & Fiber: cocoa, coffee, cotton, orange juice, sugar
Livestock: lean hogs, live cattle

Take a few minutes to watch this short video and see how you can benefit from this indicator. There is no fee and there is no registration required.

You can view this new video with my compliments.

As always, there are no registration requirements.

All the best,

Tom Nadir
Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only. .

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41. Which way for the USD?
Which way for the USD?

June 10, 2009

The markets have demonstrated conflicting trading signals on the USD- following last weeks rally back below 1.60 against the pound and to 1.38 against the euro we have now seen a reversal. The dollar was buoyed at the close of last week with improved non-farm payroll data increasing confidence in the greenback and political concerns further helping the USD gains against sterling.

Outlook in the US was again helped yesterday with regards to the repaying of TARP by the 10 large American institutions but the dollar weakened yesterday and followed its regular trend of being sold on risk appetite. The key data in the US today will focus on the trade balance and the Fed Beige book. The trade balance is expected to widen in the US due to higher petroleum prices and the beige book is expected to confirm that the pace of economic contraction has slowed and the housing market is continuing to stabilize. We will see how the data affects the dollar this afternoon.

I feel the dollar should come under future pressure due to recent fiscal policy and growing debt. This will discourage buying USD as a safe haven and it will be increasingly sold as recovery in the global markets improves. Cable is now looking to target a move to 1.65 and EUR/USD has moved back above 1.40 to 1.41 currently- with a rumour of Goldman's going long on EUR/USD and targeting 1.45.

Sterling was helped with better output data than expected this morning with Industrial production coming in at +0.3% against a forecast of -0.1%, however the trade deficit widened to -7.003bn pounds against a forecast of -6.5bn pounds This has not dented sterling too much and it has held firm against the majors. One key move is GBP/YEN is now trading back over 160.00 a good indicator of overall confidence permeating the markets.

Australia had a good number in the form of a key measure of consumer confidence posting its biggest monthly rise in 22 years- this has helped the AUD strengthen against the pound and the dollar and yen. The Aussie remains a firm favourite in yield and risk based trades from lower yielding/safe haven currencies. Other key data today is the interest rate decision from New Zealand- currently rates sit at 2.50% and a cut could be on the cards.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information. Currency Market Updates are compiled by Tom Nadir.

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42. USD fightback continues June 9 2009
USD fightback continues

June 9, 2009

Following a mauling in the European elections and a flurry of resignations and shouts for his resignation..Gordon Brown lives to fight another day! In a meeting with over 400 MPs he secured enough backing to push on. Sterling has reacted positively and is pushing higher across the markets including the USD and EUR as fears and uncertainty in the market are quelled, for now anyway.

Sterling was also boosted by further improvements in UK housing data- a survey by the Royal Institution of Chartered Surveyors showed house prices falling at their slowest pace since November 2007. Speculation is also helping sterling through positive M & A flows on the proposed sale of Barclays fund business in cash and stock to Blackrock Inc in the USA. Also in the UK we saw retail sales data fall 0.8% in May following the 4.6% rise in April- this dip adds a small dose of reality to recent improved confidence- it seems we are seeing optimism going forward but we are not going to push the boat out just yet! Cable is now targeting 1.6150 and then 1.62 on the upside levels, with 1.60 still a key pyscholigical support.

The euro has come under pressure following a dressing down by the IMF. The IMF highlighted their weak financial system and lack of a co-ordinated and aggressive plan for the euro-zone banks could deflect their drive for recovery. The IMF said "a key missing element is a proactive strategy to deal with a weakened financial system.", interestingly ECB members Stark and Weber s comments sharply contrasted that of the IMF as they noted the fact that price risks are on the upside and recent easing and stimulus may need to be reversed very quickly Stubborn or good policy, only time will tell. The worry on banking issues especially in eastern Europe could seriously hamper the euro going forward. GBP/EUR has bounced back to 1.1570 and looks bullish this morning.

Over to the US and risk sentiment was helped by reports that the US Treasury will announce today that 10 US banks are to repay TARP- essentially paying back government shares. This has helped boost risk and this has eased the USD lower for now- we mentioned yesterday that better economic data on Friday actually helped strengthen the USD but this has not followed through as yet today.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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43. "Flexible Forex" Day Trading Discovery
"Flexible Forex" Day Trading Discovery

Brand new video reveals Forex discovery (part 1)

Monday, June 8, 2009

Last Fall, during a late-night Forex trading research session, one of the industry's most respected trading educators made a discovery around day trading Forex that he shared with a limited group of traders.

Now, 6 months later... the same trading educator recently re-emerged from a marathon follow-up research session where he analyzed the killer results his initial group of traders got and discovered 3 different ways to make them even BETTER.

From what I've seen, NO ONE is trading Forex like this (yet) not to mention this completely turns traditional "day trading" on its ear.

He recorded a new training video this past weekend that "pulls back the covers" on this updated discovery & reveals how you can shield your portfolio from risk every single time you trade, especially if you're inexperienced & have little time.

Watch it here: Forex Income Engine 2.0

THE BIG SURPRISE?

During his research, he confirmed what I (and others) suspected for a long time:

* The collapsing global stock markets and economies are creating pressures that, in turn, are creating more profit potential than we've ever seen before in the Forex markets.

That may come as a big surprise, especially if you're new to trading but he explains in his training video why this is happening, and how you can get in on it.

You'll also discover:

* How you can literally TRIPLE your profit potential when you use a little-known trick that has to do with the predominant trend.

* 2 "retracement tricks" most traders flat-out MISS, which, if you know how to spot them, can turn an otherwise losing trade into a profit powerhouse.

* The huge "edge" you get over other traders when you automatically identify the predominant trend at any point in time and then "throw yourself in front of it".

* The #1 key to trading Forex you MUST do EVERY SINGLE TIME before you place a trade before even thinking about profit. When you do this, you automatically "up the odds" that a profit will unfold.

* ...and there is a whole lot more.

If you're interested in Forex, or have been a little "spooked" by what's been going on in the markets, then this may be the most important trading video you'll ever see this year.

Why? Because after you watch it, you'll be SCRAMBLING to start trading Forex this way.

It finally brings flexibility and customization to Forex day trading so that ANYONE can have an "edge", whether you only have 20 minutes to trade, or if you have all day. Your choice.

It's awesome (and surprisingly simple)

Forex Income Engine 2.0

Good Trading,
Tom Nadir

Due to server limitations, this video might not be online for long, so make sure you watch it TODAY.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

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44. The Market Club Updates June 8th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Monday, June 8, 2009

10:00 AM ET. May Conference Board Employment Trends Index (previous -0.7%)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was lower overnight due to profit taking as it consolidates some of this spring's rally but remains above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 50% retracement level of the 2008-2009-decline crossing at 1566.62 is the next upside target. Closes below the 20-day moving average crossing at 1415.05 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 1513.00. Second resistance is the 50% retracement level crossing at 1566.62. First support is the 10-day moving average crossing at 1456.35. Second support is the 20-day moving average crossing at 1415.05. The June NASDAQ 100 was down 14.00 pts. at 1481.00 as of 5:58 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was lower overnight due to profit taking as it consolidates some of this spring's rally. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 910.58 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 957.20. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 10-day moving average crossing at 925.10. Second support is the 20-day moving average crossing at 910.58. The June S&P 500 Index was down 8.30 pts. at 932.20 as of 6:00 AM CST. Overnight action sets the stage for a lower opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

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45. USD fightback continues
USD fightback continues

June 8, 2009

The USD continues to fightback this morning making further gains against the pound and euro. Cable is down to the low 1.58s after kicking off at 1.5930 the USD is seeing across the board strength and sterling is weak in its own right. The Dollar is rallying following a positive move after the better than expected US jobs data on Friday US non-farm payrolls fell by 345,000 in May over a forecast for a 520,000 drop.

Interestingly the market is now turning to buying the dollar on the improved data- previously the USD was sold on better data as risk appetite increased causing a flow out of dollars into higher yielding currencies. This is significant as it shows that confidence is creeping back into the US economy even in the light of long term concerns on the health of the US economy.

Sterling continues to slide following rumours of Gordon Browns resignation on Thursday sweeping the markets- the speculation was quickly denied but the damage had already been done. The pound remains under pressure as expected dismal European election results fed through heaping more pressure on Brown and heightening the uncertainty on his tenure. It is a well known trend that political uncertainty will weaken a currency- the fact that this uncertainty is arising amid an economic crisis and extremely volatile and fragile markets magnified the moves in sterling.

The pound was not helped when former Bank Of England member David Blanchflower stated that the Bank may expand and widen its Quantitative Easing programme. Last week the BoE did not move further on their QE programme and maintained the level at 125 billion pounds. The central bank has the authority to expand to 150 billion and ask permission for more if required, Blanchflower feels that the current level of QE will not bring inflation back to target and therefore assumes that there will be more to come.

The introduction of the QE programme and the subsequent expansion of it in May has been historically sterling negative, therefore further discussion and action on this is presumed to be sterling negative.

Elsewhere concerns were again raised over the health of the Baltic states as Latvia raised its deficit projections and a government bond auction failed. This led to losses in the Swedish krona and the euro which are both exposed to the region. The stability of the Baltic states has been mentioned previously and any worsening of the situation could impact on the euro further.

Report by Phil McHugh

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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46. The Market Club Updates June 5th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, June 5, 2009

8:30 AM ET. May Employment Report

Non-Farm Payrolls (expected -525K; previous -539K)

Unemployment Rate (expected 9.2%; previous 8.9%)

Average Hourly Earnings (previous 18.51)

Average Hourly Earnings Net Change (expected +0.1%; previous +0.1)

Manufacturing Payrolls (previous -149K)

Overall Workweek (previous 33.2)

Overall Workweek Net Change (previous 0)

Service Producing Payrolls (previous -269K)

3:00 PM ET. April Consumer Credit, in dollars (expected -7B; previous -11.1B)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it extends this week's rally above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 50% retracement level of the 2008-2009-decline crossing at 1566.62 is the next upside target. Closes below the 20-day moving average crossing at 1410.57 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 1497.75. Second resistance is the 50% retracement level crossing at 1566.62. First support is the 10-day moving average crossing at 1444.55. Second support is the 20-day moving average crossing at 1410.57. The June NASDAQ 100 was up 4.25 pts. at 1497.25 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends Thursday's rally. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 910.38 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 948.50. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 10-day moving average crossing at 920.71. Second support is the 20-day moving average crossing at 910.40. The June S&P 500 Index was up 3.80 pts. at 944.30 as of 6:03 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

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47. Sterling Tumbles
Sterling Tumbles

June 5, 2009

Sterling had the equivalent of a Bad Hair Day yesterday on the foreign exchange market. Even though we had been expecting Sterling to ease during the day and overnight, the magnitude of the drop was quite surprising. Several factors compounded the situation, culminating in an early afternoon rumor that Gordon Brown had resigned. Ongoing technical now look for a test of the strong Sterling support zone between 1.5800 and 1.5500.

Today's main interest will be on the UK Cabinet reshuffle (last throw of the dice perhaps) and US non-farm payrolls. It looks likely that Alistair Darling will hold on to his job as Chancellor but most other posts will change stewardship. Whether this is sufficient to appease an electorate rapidly losing faith in the Government or the party faithful who appear to be losing confidence in Gordon Brown as we get nearer and nearer to a general election.

All this will cause overseas holders of Sterling to fret over the short term prospects for Sterling although maintaining Darling in the Treasury should add some degree of comfort (not that he is deemed overly good but that he is likely to be an awful lot better than the alternatives).Non-farm payrolls this afternoon are expected to show another month of increasing lay-offs with approximately 500K expected to be reported. This could very well see the unemployment rate rise to 9.1% and cause the recent Dollar buying to be reversed as we approach the weekend.

Yesterday was Central Bank Day which saw the BoE produce exactly what had been expected - Nothing. The ECB however, gave the market a little bit more to chew over. Although they left rates unchanged at 1%, they revised their estimates for the fall in the annualised rate of Eurozone GDP to around 5.1% rather than a maximum drop of 3.1% that was predicted just 3-months ago. The Central Bank also announced that it was proceeding with its limited 'credit easing' through the buying of Euro 60 billion of covered bonds. It sounds impressive but represents just 0.6% of Eurozone GDP which, when compared with the UK and the US attempts at QE (9% and 12% of GDP respectively), looks a feeble attempt at a stimulus.

Elsewhere, investors remain focused on the Baltic States and the condition of their economies. The Latvian Central Bank confirmed its commitment to the Lat's peg value versus the Euro but the market is still very unsure. This maintains pressure on Sweden, the Swedish currency and their Bank's in particular.

Report by Mark O`Sullivan

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The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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48. The Market Club Updates June 4th 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Thursday, June 4, 2009

8:30 AM ET. May 30 Jobless Claims

Weekly Jobless Claims (Expected 620K; previous 623K)

Weekly Jobless Claims Net Change (expected -3K; previous -13K)I'm a Fan of The Market Club - Talking Charts

Continuing Jobless Claims (previous 6788000)

Continuing Jobless Claims Net Change (previous +11000)

8:30 AM ET. 1 Quarter Productivity & Costs, revised

Non-Farm Productivity (expected +1.2%; previous +0.8%)

Unit Labor Costs (expected +2.9%; previous +3.3%)

10:30 AM ET. May 29 EIA Natural Gas Inventories, in billion cubic feet

Total Working Gas in Storage (previous 2213)

Total Working Gas in Storage (Net Change) (previous +106)

4:30 PM ET. May 27 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings (previous 38.05B)

Primary Credit Borrowings W/E Daily Avg. (previous 38.15B)

Primary Dealer Borrowings (previous 0)

Primary Dealer Borrowings W/E Daily Avg. (previous 0)

Discount Window Borrowings (previous 123.57B)

Discount Window Borrowings W/E Daily Avg. (previous 124.23B)

4:30 PM ET. June 3 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings (previous 2.72T)

US Foreign Agency Holdings (previous 814.51B)

Foreign Treasury Holdings (previous 1.9T)

4:30 PM ET. May 25 Money Supply

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it consolidates above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1404.81 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 1484.50. Second resistance is weekly resistance crossing at 1496.25. First support is the 10-day moving average crossing at 1430.30. Second support is the 20-day moving average crossing at 1404.81. The June NASDAQ 100 was up 2.75 pts. at 1480.25 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight due to short covering as it consolidates some of Wednesday's decline. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 908.28 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 948.50. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 20-day moving average crossing at 908.28. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was up 3.90 pts. at 935.60 as of 6:03 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Attention Traders Don't miss these new free trading videos.

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

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49. MARKET CLUB UPDATES - New Video -June 4th 2009
What Now For Apple?

In this video we are revisiting Apple, Inc (NASDAQ_AAPL). I last looked at Apple on April 9th, when it was trading at considerably lower levels than where we are right now. At that time I made some projections using MarketClub's Fibonacci tool, as to where I thought Apple was headed.

Obviously Apple has moved quite a bit and I want to revisit some of these key levels that I think may be a real challenge to this market in the very near term.

It is a short video, but I will go into details about levels I think could affect this market.

You can view this new video with my compliments.

MarketClub's 'Trade Triangle' technology has been right on the money with Apple and continues to maintain a long position from $103.60.

As always, the videos are free to watch and there is no need to register. I would love to get your feedback about this video and your own predictions about these markets on our blog.

All the best,

Adam Hewison
President, INO
Co-creator, MarketClub



50. Green Shoots ?
Green Shoots ?

Evidence that the Global Economy is on the turn continues to emerge. Probably the most surprising development over the last couple of days was the positive 1st qtr GDP number from Australia indicating that from a technical point of view at least, the country had completely avoided recession. This was presumed to reflect the pick up in demand for the commodities that are the staple export of the country BUT overnight data showing that Australia has in fact been running a trade deficit suggests that all is not sweetness and light down under.

The AUD accordingly gave up some of yesterday's gains but perception is that despite the disappointing trade data, the Aussie is likely to be one of the star performers on the currency markets over the next 12-months. Comments from the RBA's Stevens added to the positive sentiment. He stated that the Central Bank still had scope to cut rates if required but that the Bank needed to be very cautious with further easing - he also dismissed the use of QE in the current climate.

Sterling had a good morning yesterday but not such a good afternoon. The UK PMI Services data was much more upbeat than had been anticipated indicating a positive sentiment from the sector for the first time in over 1-year (April 08). Sterling rallied to a high of 1.6645 and 1.1650 before gravity took its toll. Looking at the technicals at the time, the RSI (relative strength index) had breached its upper limit and implied that Sterling was overbought, requiring a retracement back to the 1.5850 level in cable to normalise the situation.

This is not to imply that the recent bull Sterling run has finished but that a pause is on the cards. Indeed the appetite shown for the recent gilt offerings from the DMO (with overseas holdings historically being in the region of 40%) suggest continued buying of Sterling as the Government funds its ballooning deficits. It is difficult to ascertain whether today's European/local elections in the UK will have any effect on Sterling's value or indeed whether the calamitous decline of the Labour Government has already been built in to the currency's worth.

The Dollar took heart on 2 counts yesterday. Firstly affirmation from several Far Eastern countries, India, Japan and Korea and then separately China, that the Dollar was still regarded as the only candidate for Global Reserve Currency status and secondly from the Ben Bernanke testimony, during which he painted a fairly bullish picture of the US economy.

The currency's strength was tempered somewhat by a statement from the Malaysian PM suggesting that his country and China were considering ending the use of the Dollar as a trading medium between the 2 countries. This strengthened the Euro a tad as people saw the Euro as a possible replacement

Today is 'interest rate decision day' - but far more importantly, will there be an announcement of any changes to the current QE measures day? Expect more from the BoE than from either the ECB or the Bank of Canada. No change is expected in interest rates from any of the 3 Central Banks today.

Receive daily currency rate updates and market commentaries direct to your e-mail daily FREE from Currencies Direct

The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currency Market Updates or Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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51. The Market Club Updates June 3rd 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Wednesday, June 3, 2009

7:00 AM ET. May 29 Mortgage Applications

Market Composite Index (previous 786)

Market Composite Index Cur Chg (previous -14.2%)

Purchase Index (S.A.) (previous 256.6)

Purchase Index (S.A.) Cur Chg (previous +1%)

Refinance Index (previous 3890.4)

Refinance Index Cur Chg (previous -18.9%)

8:15 AM ET. May ADP National Employment Report

Private Payrolls Forecast (expected 550000; previous 491000)

10:00 AM ET. April Factory Orders

Total Orders (expected +1%; previous -0.9%)

Orders, Ex-Defense (previous -0.9%)

Orders, Ex-Transportation (previous -0.9%)

10:00 AM ET. May ISM Non-Manufacturing Composite Index

Non-Manufacturing PMI (expected 45; previous 43.7)

Non-Manufacturing Business Index (previous 45.2)

Prices Index (previous 40)

Employment Index (previous 37)

New Orders Index (previous 47)

10:30 AM ET. May 29 US Energy Dept Oil Inventories

Crude Oil Stocks (previous 363.11M)

Crude Oil Stocks (Net Change) (expected -1.6M; previous -5.41M)

Gasoline Stocks (previous 203.42M)

Gasoline Stocks (Net Change) (expected +100K; previous -537K)

Distillate Stocks (previous 148.38M)

Distillate Stocks (Net Change) (expected +1.2M; previous +248K)

Refinery Usage (expected 85.5%; previous 85.1%)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was lower overnight due to profit taking as it consolidates some of this week's rally but remains above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1401.98 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 1484.50. Second resistance is weekly resistance crossing at 1496.25. First support is the 10-day moving average crossing at 1420.92. Second support is the 20-day moving average crossing at 1401.98. The June NASDAQ 100 was down 7.00 pts. at 1471.50 as of 6:04 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was lower overnight due to profit taking as it consolidates above January's high crossing at 937.00. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20-day moving average crossing at 907.66 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 948.50. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 20-day moving average crossing at 907.66. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was down 5.00 pts. at 937.60 as of 6:06 AM CST. Overnight action sets the stage for a lower opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

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52. Sterling continues to gain
Sterling continues to gain

June 3, 2009

We continue on the bull-run for sterling as PMI data emphasises a rise to 51.7 in May from 48.7 in April, over the 50 level identifies that the sentiment is positive for the UK activity. Sterling rallied on the news this morning and tested new yearly highs against the US dollar and the euro. The improvement in PMI levels was mirrored in the eurozone as composite PMI, a gauge of private sector activity rose to 44.0 from 41.1 in April.

This data lends further weight to shouts of a recovery to commence by the end of this year for the UK and an indication that the worst is behind the eurozone. More positives came in the form of UK consumer confidence data released by the Nationwide Building society which strengthened in May as more optimism is foreseen in the next 6 months in the economy and the jobs market.

Tomorrow we will get the announcements from the Bank Of England and ECB on interest rates. It is not anticipated that we will see any movement from the UK on interest rates and it is unlikely that we will see additional measures for QE, although that was the thought process last month too!

For the ECB Trichet said 'We expect to engage in a programme of around 60 billion euros that targets an important segment of the private securities market which has been particularly affected by financial market turbulence'. This in theory should weaken the euro and help sterling gain further, however given that lots of good news has already permeated sterling we could be in line for some profit taking. Watch this space!

Later we have testimony from Ben Bernanke on current economic conditions and the federal budget. It will be interesting to see if attention is turned to the recent fall in the US dollar and the long term factors that are driving this weakness- in particular the fiscal health and 10 year budget projections amid ever increasing debt levels.

Report by Phil McHugh

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

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53. The Market Club Updates-June 2nd 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Tuesday, June 2, 2009

7:45 AM ET. May 30 ICSC/Goldman Sachs Chain Store Sales

Chain Store Sales Index - WoW (previous +0.8%)

Chain Store Sales Index - YoY (previous +0.5%)

8:55 AM ET. May 30 Redbook Index

MoM % Change (previous -0.4%)

12MonChgPct (previous -0.2%)

52WkChgPct (previous -0.5%)

10:00 AM ET. April Pending Home Sales

MoM Pct Change (Current Period) (expected +0.5%; previous +3.2%)

YoY Pct Change (Current Period) (previous +1.1%)

4:30 PM ET. May 29 API Oil Industry Report

Crude Stocks (Net Change) (previous -2.82M)

Gasoline Stocks (Net Change) (previous -758K)

Distillate Stocks (Net Change) (previous +142M)

Refinery Runs (previous 83.8%)

5:00 PM ET. May 30 ABC/Washington Post Consumer Confidence Index (previous minus 47)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it extends Monday's breakout above the 38% retracement level of the 2008-2009-decline crossing at 1442.87. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1399.58 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 1482.25. Second resistance is weekly resistance crossing at 1496.25. First support is the 10-day moving average crossing at 1412.80. Second support is the 20-day moving average crossing at 1399.58. The June NASDAQ 100 was up 4.50 pts. at 1474.50 as of 6:08 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight and is trading above January's high crossing at 937.00 as it extends this spring's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, the 38% retracement level of the 2008-2009-decline crossing at 1040.33 is the next upside target. Closes below the 20- day moving average crossing at 905.89 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 947.00. Second resistance is the 38% retracement level crossing at 1040.33. First support is the 20-day moving average crossing at 905.89. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was up 2.50 pts. at 941.60 as of 6:10 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

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54. THE MARKET CLUB UPDATES - New Video - June 2nd 2009

How Far Can the Dollar Fall?

I was quite amazed when I looked back to see how long it has been since I have put together a Dollar Index (NYBOT_DX) video. I had to look back to September of 2008 to find the last series of videos I had done specifically for the Dollar Index and it proved to be successful

In todays video we will look at the Dollar Index and the impact it is having on crude oil (NYMEX_CL) and other major markets. I will also make a rather surprising prediction as to the most likely trend the dollar is going to take in the next 12 months.

This is a video you will not want to miss as the ramifications of inflation and the dollar are rather shocking.

I will show you how MarketClub has used the same approach in the same market using our Trade Triangle technology to trade this index and just how successfully this approach has been.

You can view this new video with my compliments.

If you have not done so already, I strongly recommend that you watch my earlier Dollar Index video and then watch the new one. This will give you more confidence in using our Trade Triangle approach.

You can view this video here with my compliments.

As always, the videos are free to watch and there is no need to register.
I would love to get your feedback about this video and your own predictions about these markets on our blog.

All the best,

Adam Hewison
President, INO
Co-creator, MarketClub

You can view this new video with my compliments.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only. .

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55. USD remains under pressure
USD remains under pressure

2 June, 2009

Yesterday we saw a fresh seven month high against the dollar and a six month high against the euro. The pound made early gains in the markets yesterday and consolidated those gains overnight. The pound is galvanizing on signs that the global economy is recovering following huge depreciation as the economic crisis unfolded. The key drivers in the market remain activity in the equity markets and the sentiment to buy higher yielding and riskier assets.

Recently the markets have been boosted by gains in Asian stocks- in particular commodity stocks, this was fuelled by improved sentiment from China. This is leading to a move out of USD predominantly and also other low yielding currencies are shedding earlier gains- such as the Yen and the Swiss Franc. Low interest rates and improved confidence are naturally causing higher yielding commodity based assets to be sought. CAD, AUD and NZD looking strong.

The mighty USD remains the key driver for the currency markets. It still remains the main harbour for currency reserves despite recent concerns on a spiraling debt burden. In fact China yesterday affirmed during a visit by US treasury secretary Tim Geithner that the USD would remain the global reserve currency and their home for the bulk of their currency reserves- a huge boost for the dollar. Therefore any trepidation in the markets will lead to US dollar strength again.

Yesterday was PMI day and all economies showed good evidence of green shoots emerging. There were some impressive numbers from the UK, Europe and the US as well as strong manufacturing data from China. This added to upward pressure on both oil and hard commodities and we saw gold again within touching distance of the psychological $1000 barrier.

In other news the Reserve Bank of Australia left rates unchanged at 3.0% citing signs of the global economy stabilizing as a reason to leave rates unchanged. UK mortgage approvals for April have come in at 43,201, up from 40,038 in March, and better than the median forecast of 41,000. Good bit of news also from Spain as the May jobless total fell 24,741 against the 39,478 rise in April, the rapidly falling jobless count in Spain has been a major concern.

Report by Phil McHugh

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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56. The Market Club Updates - June 1 2009
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Monday, June 1, 2009

8:30 AM ET. April Personal Income

Personal Income (previous -0.3%)

I'm a Fan of The Market Club - Talking Charts

Personal Spending (previous -0.2%)

PCE Price Index Monthly (previous 0%)

PCE Price Index Yearly (previous +0.6%)

PCE Core Price Index Monthly (previous +0.2%)

PCE Core Price Index Yearly (previous +1.8%)

0945/1345 May Dow Jones Econ Sentiment Index

DJ Economic Sentiment Indicator (previous 27.6)

10:00 AM ET. April Construction Spending

New Construction (previous +0.3%)

10:00 AM ET. May ISM Mfg Index

Manufacturing PMI (previous 40.1)

Prices Index (previous 32)

Employment Index (previous 34.4)

Inventories (previous 33.6)

New Orders Index (previous 47.2)

Production Index (previous 40.4)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight and trading above the previous reaction high crossing at 1437.75 thereby renewing this week's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this spring's rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1395.97 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 1458.25. Second resistance is weekly resistance crossing at 1496.25. First support is the 20-day moving average crossing at 1395.96. Second support is the reaction low crossing at 1342.75. The June NASDAQ 100 was up 14.25 pts. at 1450.25 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight and is trading above resistance crossing at 929.00 as it extends this spring's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. From a broad perspective, June needs to close above 929.00 or below 875.40 to clear up near-term direction in the market. First resistance is the overnight high crossing at 937.00. Second resistance is the reaction high crossing at 979.80. First support is the 20-day moving average crossing at 903.60. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was up 13.70 pts. at 932.30 as of 6:07 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

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57. The Market is at a Key Resistance Level
The market is at a key resistance level

1 June, 2009

The market is in a consolidation mode once again. But most charts of the major market indexes are showing them to be near key resistance levels (based on Bollinger Band analysis). A big breakout could occur today.

The market has digested lots of news over the weekend. The tumbling dollar, GM facing bancruptcy, North Korea are "saber-rattling", the questions over mortgage rates and ...

Keep an eye on the charts!

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new daily trading videos by clicking here, with my compliments.

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58. USD tumbles-Dollar index at lowest level this year
USD tumbles-Dollar index at lowest level this year

1 June, 2009

The USD has tumbled to lower levels against a basket of currencies. The pound has jumped to 1.64 and the euro has advanced to 1.42 against the ailing US dollar. The US dollar fell as signs of a recovery in China boosted global confidence- this is significant as China is the worlds third largest economy and optimism and recovery here will go a long way to boost the global recovery.

The Dollar index which is a measure of the strength of the dollar against a basket of currencies dropped to the lowest level this year and there is a galvanizing push to sell the currency. Economically the Q1 GDP confirmed the worst six month period for the US economy in 51 years, debt levels also remain a major concern- the Congressional budget office projected the US budget deficit would quadruple to about $1.8 billion.

On top of this there is still a question mark looming on the US sovereign debt rating- heightening calls for a move out of US dollars as a reserve currency. Technically the USD could target 1.68 against sterling. Ultimately the weakness in the US dollar will ultimately lend to improved economic conditions with increased exports compensating for a public not spending.

The dollar was not helped by the news that GM is officially slipping into bankruptcy- although this has been widely expected it added to the dollars woes. The US government will step in to tale ownership of the car giant further spiraling the government spending.

This week a main focus will be on the rate announcements from the Bank Of England and the ECB. No further easing is expected from the BoE but there may be further talk or action in the QE programme.

In the eurozone CPI a measure of inflation came in at 0.0% for May- this is the lowest on record. This falling inflation indicator naturally raises the concern for deflation in the euro zone, however ECB president Trichet brushed these fears aside stating that 'Long-term inflation expectations in the euro area, whether based on surveys or extracted from financial indicators, have been and continue to be firmly anchored at levels consistent with our definition of price stability.'

This week we will wait to see if the ECB look to cut interest further from 1% and also to see if the ECB expands its programme to buy covered bonds to revive private sector lending. Speaking in Marrakech, Trichet said 'We expect to engage in a programme of around 60 billion euros that targets an important segment of the private securities market which has been particularly affected by financial market turbulence'. This in theory should weaken the euro and help sterling gain above the recent high of 1.1535.

On Friday we see non-farm payrolls from the US. An awful -525k is expected and anything -500k or better will be considered positive.

Report by Phil McHugh, Corporate Foreign Exchange

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59. MarketClub Makes Money in May: Forex, ETF, Metals
MarketClub Makes Money in May: Forex, ETF, Metals

If you did not make money this month then you were not watching our Trade Triangles.

CURRENCIES

May has been quite a month, especially for the British Pound (GBP). In an earlier video, I alerted everyone of the potential upward move. The market ended up moving right in line with my expectations and is showing some excellent profits. One currency contract at the CME is showing a profit of over $8,000, a stunning return of over 216% over initial margin*.

ETF

I also alerted you to a move in crude using the ETF USO which closely tracks the crude oil market. This market has gone up over 8% since MarketClub issued the first signal on May 6th at 32.16 using our Trade Triangle technology.

PRECIOUS METAL

Gold has also been a big winner this month with a move over the $950 level. This stellar move produced profits over $2,845 a contract. This represents a return of 50% in less than a month over initial margin*.

If you are not familiar with our 'Trade Triangle' technology, I highly recommend you take a look at it and see how it works in spotting the big moves before they begin.

As always, the videos are free to watch and there is no need to register.

I would love to get your feedback about this video and your own predictions about these markets on our blog.

*Initial margin for British Pound Futures $2,700
You can view this new video with my compliments. There are no registration requirements.

Please enjoy and give your feedback on our blog.

Thank you.

All the best,
Adam Hewison
President, INO Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only. .

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60. The Market Club Updates
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, May 29, 2009

8:30 AM ET. 1 Quarter GDP, prelim

GDP 1st Est. (expected -5.5%: previous -6.1%)I'm a Fan of The Market Club - Talking Charts

Chain-Weighted Price Index (expected +2.9%; previous +2.9%)

Purchase Price Index (previous -1%)

PCE Price Index (previous -1%)

Real Final Sales (previous -3.4%)

9:45 AM ET. May Chicago PMI

Employment Index (previous 31.8)

New Orders Index (previous 42.1)

Prices Paid Index (previous 28.4)

Purchasing Managers Index (Adjusted) (expected 42; previous 40.1)

Supplier Deliveries Index (previous 45.4)

9:55 AM ET. May Reuters/Univ Of Michigan Consumer Confidence Index, final

Sentiment Index End month (expected 67.9; previous 65.1)

Sentiment Index Mid Month (previous 67.9)

Expectations Index End Month (previous 63.1)

Expectations Index Mid Month (previous 69)

12-Month Inflation Forecast (previous 2.6)

5-Month Inflation Forecast (previous 2.8)

Value (Current Period) End Month (previous 68.3)

Value (Current Period) Mid Month (previous 66.2)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight as it extends this week's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, this month's high crossing at 1437.75 is the next upside target. Closes above the reaction high crossing at 1437.75 or below the reaction low crossing at 1336.50 are needed to clear up near-term direction in the market. First resistance is the overnight high crossing at 1429.00. Second resistance is this month's high crossing at 1437.75. First support is the 20-day moving average crossing at 1393.03. Second support is the 10-day moving average crossing at 1391.90. The June NASDAQ 100 was up 9.75 pts. at 1428.00 as of 6:00 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends this week's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, the reaction high crossing at 923.20 then this month's high crossing at 929.00 are the next upside targets. From a broad perspective, June needs to close above 929.00 or below 875.40 to clear up near-term direction in the market. First resistance is Wednesday's high crossing at 913.80. Second resistance is last Wednesday's high crossing at 923.20. First support is Tuesday's low crossing at 876.90. Second support is the reaction low crossing at 875.40. The June S&P 500 Index was up 6.60 pts. at 911.70 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

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61. Sterling buoyed with positive house price data
Sterling buoyed with positive house price data

Lots of positives in the global markets this morning and for sterling. Firstly we have seen the Nationwide House price index survey show a surprise bounce as the average house price rose 1.2% in May- this is the strongest monthly gain for 19 months. Although this is a good indicator that the severe downturn in the property market may be bottoming out- Nationwide noted that it is still too early to call as unemployment is still rising and credit conditions remain tight.

Sterling was also buoyed by UK consumer confidence matching its highest level in 11 months reported market researcher GfK NOP. The CBI also reported that business sentiment rose to the highest level since 2007. Sterling is now pushing towards 1.61 against the dollar (a new 2009 high) and 155.00 against the Yen- we could see new yearly highs very soon on the EUR and for sterling on a trade weighted basis.

In the wider markets we have seen more leveraging into Oil and Gold which both rose sharply- Gold is closing in on $1,000/oz again and Oil has hit a new 6 month high above $65 a barrel. Commodity prices have leaped this month as a move out of the dollar and Yen mirrors the improved confidence and a move from safety to investments. We have seen major gains in commodity based currencies particularly against the USD- with the CAD, AUD and NZD all making gains this month.

This morning we also saw German retail sales rise unexpectedly in April by 0.5%- a hopeful sign for the German economy to curb the sharp contraction in recent GDP data witnessed in the Q1. This has helped the euro gain against the dollar back over 1.40 and also to remain firm against sterling for now under 1.15. Eurozone CPI inflation came in at 0.0%- the lowest on record- it seems concerns on deflation are not weighing on the euro.

For today again we will be largely US focused- the revised 1st Qtr US GDP figure market expects a small upward revision, it will still leave the annual drop at an alarming 5.4%. Should prove Dollar negative.

Report by Phil McHugh, Corporate Foreign Exchange

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62. The Market Club Update
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Thursday, May 28, 2009

8:30 AM ET. May 23 Jobless Claims

Weekly Jobless Claims 625K 631K

Weekly Jobless Claims Net

Change -6K -12K

Continuing Jobless Claims 6662000

Continuing Jobless Claims Net

Change +75K

8:30 AM ET. April Durable Goods

Total Orders 0% -0.8%

Orders, Ex-Defense -0.6%

Orders, Ex-Transportation -0.6%

10:00 AM ET. April New Home Sales

Overall Sales 365K 356K

Percent Change +2.5% -0.6%

10:00 AM ET. May 16 DJ-BTMU Business Barometer 0%

10:30 AM ET. May 22 EIA Natural Gas Inventories, in billion cubic feet

Total Working Gas in Storage 2116

Total Working Gas in Storage

(Net Change) +103

11:00 AM ET. May Kansas City Fed Mfg Index –6

11:00 AM ET. May 22 US Energy Dept Oil Inventories

Crude Oil Stocks 368.52M

Crude Oil Stocks (Net Change) -900K -2.11M

Gasoline Stocks 203.95M

Gasoline Stocks (Net Change) -2M -4.34M

Distillate Stocks 148.13M

Distillate Stocks (Net Change) +1.2M +672K

Refinery Usage 82% 81.8%

12:00 PM ET. April Chicago Fed Midwest Mfg Index

Manufacturing Index (MoM) -2.4%

Manufacturing Index (YoY) -23.2%

Auto Output Index (MoM) +0.9%

Auto Output Index (YoY) -33.8%

Machinary Output Index (MoM) -5.5%

Machinary Output Index (YoY) -24.6%

Resource Output Index (MoM) -1.5%

Resource Output Index (YoY) -12.3%

Steel Output Index (MoM) -5.5%

Steel Output Index (YoY) -34.1%

4:30 PM ET. May 18 Money Supply

4:30 PM ET. May 27 Fed Discount Window Borrowings, in dollars

Primary Credit Borrowings 37.88B

Primary Credit Borrowings W/E

Daily Avg 38.16B

Primary Dealer Borrowings 0

Primary Dealer Borrowings W/E

Daily Avg 0

Discount Window Borrowings 126.35B

Discount Window Borrowings W/E

Daily Avg 127.93B

4:30 PM ET. May 27 Foreign Central Bank Holdings, in dollars

Foreign US Debt Holdings 2.72T

US Foreign Agency Holdings 818.01B

Foreign Treasury Holdings 1.9T

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 closed lower on Wednesday due to profit taking as it consolidated some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, this month's high crossing at 1437.75 is the next upside target. Closes below the reaction low crossing at 1336.50 would confirm that a broad top has been posted while opening the door for a larger-degree decline into early-June. First resistance is today's high crossing at 1428.75. Second resistance is this month's high crossing at 1437.75. First support is Tuesday's low crossing at 1342.75. Second support is the reaction low crossing at 1336.50.

The June S&P 500 index closed lower on Wednesday due to profit taking as it consolidated some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. From a broad perspective, June needs to close above 929.00 or below 875.40 to clear up near-term direction in the market. First resistance is today's high crossing at 913.80. Second resistance is last Wednesday's high crossing at 923.20. First support is Tuesday's low crossing at 876.90. Second support is the reaction low crossing at 875.40.

The Dow closed lower due to profit taking on Wednesday as it consolidated some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 8230 would open the door for a larger-degree decline into early June. Closes above the reaction high crossing at 8591 are needed to renew this spring's rally and would thereby open the door for a possible test of January's high crossing at 9088. First resistance is last Wednesday's high crossing at 8591. Second resistance is January's high crossing at 9088. First support is the reaction low crossing at 8230. Second support is the 25%

The Dow closed lower due to profit taking on Wednesday as it consolidated some of Tuesday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 8230 would open the door for a larger-degree decline into early June. Closes above the reaction high crossing at 8591 are needed to renew this spring's rally and would thereby open the door for a possible test of January's high crossing at 9088. First resistance is last Wednesday's high crossing at 8591. Second resistance is January's high crossing at 9088. First support is the reaction low crossing at 8230. Second support is the 25% retracement level of the March-May rally crossing at 8066.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

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Key Events and Commentary, currency market updates, market club updates,first resistance, second resistance, first support, second support,

63. USD snaps back against Sterling
USD snaps back against Sterling

May 28, 2009

Overnight the dollar has snapped back against sterling from above the 1.60 level The main driver was the benchmark 10-year yield rising through 3.5%.

The recent sharp rise in yields has come despite strong demand at the two Treasury auctions this week -- notably from foreign investors -- which has soothed some concern over the long-term U.S. sovereign credit ratings outlook and supported the dollar. Global markets look for an increase in US treasury yield as a sign of economic recovery. In theory this is a positive, however if yields rally steeply this will lead to high long term interest rates which in turn will drive up costs.

The Dollar was also buoyed as Moodys confirmed its credit rating, although it warned that it must reduce its debt levels once the economy returns to growth. The US dollar has also made gains against the Euro and the Yen with Japanese investors encouraged to move into dollar denominated overseas assets. Look for yields and equities to continue to drive the USD in the short term.

Data from the eurozone confirmed that the leading economic index came in at 1.8% in April- this is a positive for the eurozone but more evidence will be needed to conclude that the recession was nearing an end. This has helped the euro to gain slightly against the pound and the dollar. Reports of Korea and China buying euros and selling the dollar this morning as EUR/USD recovers from its overnight low of 1.3792.

NEW Look out for the new daily podcast from Currencies Direct.

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Currencies Direct is a leading commercial foreign exchange company with offices in the UK, Australia and Spain and has offices across 5 continents. Currencies Direct head office and global trading centre is based in the City of London.

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

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64. The Market Club Updates
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Wednesday, May 27, 2009

7:00 AM ET. May 22 Mortgage Applications

I'm a Fan of The Market Club - Talking Charts

Market Composite Index (previous 915.9)

Market Composite Index Cur Chg (previous +2.3%)

Purchase Index (S.A.) (previous 254)

Purchase Index (S.A.) Cur Chg (previous -4.4%)

Refinance Index (previous 4794.4)

Refinance Index Cur Chg (previous +4.5%)

7:45 AM ET. May 23 ICSC/Goldman Sachs Chain Store Sales

Chain Store Sales Index - WoW (previous -1.2%)

Chain Store Sales Index - YoY (previous -0.3%)

8:55 AM ET. May 23 Redbook Index

MoM % Change (previous -0.2%)

12MonChgPct (previous 0%)

52WkChgPct (previous -0.3%)

10:00 AM ET. April Existing Home Sales

Total Sales (expected 4.65M; previous 4.57M)

Percent Change (expected +1.8%; previous -3%)

4:30 PM ET. May 22 API Oil Industry Report

Crude Stocks (Net Change) (previous -4.47M)

Gasoline Stocks (Net Change) (previous -5.37M)

Distillate Stocks (Net Change) (previous +1.41M)

Refinery Runs (previous 80.6%)

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was slightly higher overnight as it extends Tuesday's rally. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this week's rally, last week's high crossing at 1423.00 then this month's high crossing at 1437.75 are the next upside targets. Closes above the reaction high crossing at 1437.75 or below the reaction low crossing at 1336.50 are needed to clear up near-term direction in the market. First resistance is last week's high crossing at 1423.00. Second resistance is this month's high crossing at 1437.75. First support is the 20-day moving average crossing at 1389.68. Second support is the 10-day moving average crossing at 1377.90. The June NASDAQ 100 was up 2.00 pts. at 1412.75 as of 5:59 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight as it extends Tuesday's rally. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. If June extends this week's rally, last week's high crossing at 923.20 then this month's high crossing at 929.00 are the next upside targets. Closes below the reaction low crossing at 875.40 would confirm that a short-term top has been posted. First resistance is last week's high crossing at 923.20. Second resistance is this month's high crossing at 929.00. First support is Tuesday's low crossing at 877.00. Second support is last Monday's low crossing at 875.40. The June S&P 500 Index was up 1.70 pts. at 910.40 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

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65. Sterling spikes to 1.60 v the Dollar
Sterling spikes to 1.60 v the Dollar

May 27, 2009

The pound has hit the $1.60 level for the first time in nearly seven months, the euro is also neatly poised just below 1.40 this morning as risk appetite improves as optimism through the equity markets improves. This has increased the demand for assets denominated in sterling which started the year suppressed as a flight to safety prevailed. Currently we are seeing optimism throughout global markets- recently driven by better than expected US consumer confidence numbers.

The dollar is also not currently fulfilling its usual status as a safe haven currency- concerns expressed on its sovereign debt rating looming over the dollar. Technically the market needs to maintain a breach over 1.60 to target 1.64 as the next key level. Keep one eye on the situation in North Korea as escalation or saber rattling will undoubtedly cause a rush back into the dollar.

Not a great deal of market data of note today with US existing home sales due out this afternoon being the main focus. North Korea as mentioned earlier could be a market mover and the fate of General Motors will be closely watched- GM faced a deadline to report on their levels of debt and concerns are increasing that bankruptcy is looming.

In other news Japans export downturn eased in April- falling 39.1% compared to the same month last year- this following a 45.6% fall in March. This resulted in a surprise trade surplus and raises hopes that the economy is past the worst and is on the road to recovery. This should help the Yen remain firm against the USD.

OPEC ministers are meeting in Vienna this week and are expected to make no change to volumes of oil supply as higher prices ease their concerns about both fuel inventories and the deepest fall in demand for years. The Saudis have been on the news-wires this morning talking oil higher, stating that the global economy is ready for a $75-80 per barrel price.

Report by Phil McHugh, Corporate Foreign Exchange

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Currencies Direct is a leading commercial foreign exchange company with offices in the UK, Australia and Spain and has offices across 5 continents. Currencies Direct head office and global trading centre is based in the City of London.

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new trading videos by clicking here, with my compliments.



66. MarketClub Improves the Charts
MarketClub Improves the Charts

This video is a little bit different from our previous videos in that we show you some of the new improvements we have just added to MarketClub.

I just got the word from my business partner Dave Maher, who is the technical part of the team that he had just upgraded the MarketClub charts. I was so excited at the improvements that I decided to rush over to our digital studios and create a new video. All credit goes to Dave and his team who did an outstanding job on this new MarketClub release.

One major improvement and one I believe you are going to really enjoy and profit from is a study called 'Donchian Channels'. This study is named after its inventor Richard Donchian who created this amazing technical juggernaut in the late 40s.

There are also a ton of other improvements like, cross hairs and a new 200 day moving average study which I think you will enjoy. You might be surprised at how I use the 200 day moving average.

You can view this new video with our compliments. There are no registration requirements.

You can view this new video with my compliments. There are no registration requirements.

Please enjoy and give your feedback on our blog.

Thank you.

All the best,
Adam Hewison
President, INO Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Take a look at how MarketClub has improved the charts.

The contents of this report are compiled by Tom Nadir for information purposes only. .

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67. Adam Hewison Demonstrates the S&P 17 Week Cycle
Does S&P really Cycle in 17 Weeks?

Here is a key video to look at this week.

I was just looking at the S&P 500 and I noticed a very pronounced cycle in this market that I want to share with you.

In my new video I explain exactly what I have seen and what I expect will happen to this market if this cycle continues on track.

You can view this new video with my compliments. There are no registration requirements.

Please enjoy and give your feedback on our blog.

Thank you.

All the best,
Adam Hewison
President, INO Key Events and Commentary available earlier every morning, via The Market Club

Market Club

Don't miss this new free trading video.

The contents of this report are compiled by Tom Nadir for information purposes only. .

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68. The Market Club Updates
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, May 22, 2009

Tuesday, May 26, 2009

8:30 AM ET. April Chicago Fed National Activity Index

National Activity Index (previous -2.96)

3 Month Moving Average (previous -3.27)

9:00 AM ET. March Case-Shiller Home Price Index

10-City Index, Yearly (previous -18.8%)

20-City Index, Yearly (previous -18.6%)

10:00 AM ET. May Richmond Fed Survey

Manufacturing Index (previous –9)

Retail Revenues Index (previous –11)

Services Revenue Index (previous –29)

Shipments Index (previous –3)

10:00 AM ET. May Conference Board Consumer Confidence Index

Consumer Confidence Index (previous 39.2)

Expectation Index (previous 49.5)

Present Situation Index (previous 23.7)

10:30 AM ET. May Dallas Fed Mfg Outlook Survey

Business Activity Index (previous -31.6)

Manufacturing Production Index (previous -8.9)

5:00 PM ET. May 23 ABC/Washington Post Consumer Confidence Index (previous –45)

I LOVE INO

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was lower overnight due to profit taking but remains above the 25% retracement level of this spring's rally crossing at 1339.50. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes above the reaction high crossing at 1437.75 or below the reaction low crossing at 1336.50 are needed to clear up near-term direction in the market. First resistance is the 10-day moving average crossing at 1366.22. Second resistance is the 20-day moving average crossing at 1383.87. First support is the 25% retracement level of this spring's rally crossing at 1339.50. Second support is the 38% retracement level of this spring's rally crossing at 1286.70. The June NASDAQ 100 was down 17.00 pts. at 1343.75 as of 5:54 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was lower overnight due to profit taking. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 875.40 would confirm that a short-term top has been posted. First resistance is the 20-day moving average crossing at 894.94. Second resistance is last Wednesday's high crossing at 923.20. First support is the overnight low crossing at 877.00. Second support is last Monday's low crossing at 875.40. The June S&P 500 Index was down 7.60 pts. at 877.30 as of 5:57 AM CST. Overnight action sets the stage for a lower opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

Market Club

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The contents of this report are for information purposes only. Compiled by Tom Nadir.

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69. Concerns over North Korea lift USD and YEN
Concerns over North Korea lift USD and YEN

May 26, 2009

Yesterday attention turned to Asia as the UK and US markets were closed. The Yen and the Dollar appreciated after reports that North Korea carried out a missile test drawing international condemnation. The Yen and the Dollar gained as cautiousness in the currency markets increased the demand for the currencies as a refuge- this space will be watched closely amid reports of further missiles being fired.

Looking at the currency markets we have seen EUR/USD retreat from hitting the 1.40 level as demand for dollar increased and the euro weakened with a worse than expected German IFO index coming in at 84.20 compared to forecasts at 85.0. Although analysts commented that a quick recovery for Germany was unlikely the data is still an improvement from last months figure and does follow last weeks better than expected leading indicators for the Eurozone. The Euros cause was further dampened through an article in the Telegraph which cited a German bank regulator raising concerns that the debt level may increase in the nation.

German GDP data came in exactly in line with expectations and the market will now focus on unemployment for May due for release on Thursday. An important week ahead also for the US housing market with existing home sales and new home sales figures due out on Wednesday and Thursday respectively. Later this afternoon we have the US consumer confidence index for May. Very little of note for the UK this week with Nationwide house price data being the most prevalent ahead of next weeks rate decision by the BoE and ECB.

Report by Phil McHugh, Corporate Foreign Exchange

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Currencies Direct & Forex trading

Currencies Direct is a leading commercial foreign exchange company with offices in the UK, Australia and Spain and has offices across 5 continents. Currencies Direct’s head office and global trading centre is based in the City of London.

The contents of this report are for information purposes only. Currency Market Updates are compiled by Tom Nadir.

You can view new trading videos by clicking here, with my compliments.



70. Options Trading - Introductory Video
The Options Trading - Introductory Video


Today you can discover how options trading can turn your life around if you take the time to learn the necessary basics.

If you are curious about options, maybe frightened about options or have been trading without much success then this introductory video by veteran trader, Ron Iranieri is for you.

Ron Iranieri has worked on the floor and is a specialist in both Equity Options and Foreign Exchange Options. His introduction to options trading video gives a braod out line of the otions tading business.

When used correctly options are not the speculative risky instrument many people would have you believe. They are a flexible intrument that provide both profit and risk protection for your portfolio.

Options can act as an insurance for your investments and used in this way is a great tool for investors. See this introduction to options trading video for more information.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

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71. Currency Market Updates
The Market Club Updates

KEY EVENTS TO WATCH FOR:

Friday, May 22, 2009

N/A No major economic indicators scheduled.

I LOVE INO

Key Events and Commentary available earlier every morning, via The Market Club

I'm a Fan of The Market Club - Talking Charts

THE STOCK INDEXES

The June NASDAQ 100 was higher overnight due to short covering as it consolidates some of Thursday's decline. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rebound off last week's low, this month's high crossing at 1437.75 is the next upside target. First resistance is Wednesday's high crossing at 1423.00. Second resistance is this month's high crossing at 1437.75. First support is Thursday's low crossing at 1352.00. Second support is the 25% retracement level of this spring's rally crossing at 1339.50. The June NASDAQ 100 was up 10.50 pts. at 1378.00 as of 5:58 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

The June S&P 500 index was higher overnight due to short covering as it consolidates some of Thursday's decline. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below Monday's low crossing at 875.40 would confirm that a short-term top has been posted. If June renews this week's rally, this month's high crossing at 929.00 is the next upside target. First resistance is Wednesday's high crossing at 923.20. Second resistance is this month's high crossing at 929.00. First support is Thursday's low crossing at 878.00. Second support is Monday's low crossing at 875.40. The June S&P 500 Index was up 6.00 pts. at 894.70 as of 6:00 AM CST. Overnight action sets the stage for a higher opening by the June S&P 500 index when the day session begins later this morning.

Key Events and Commentary available earlier every morning, via The Market Club

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BlogCatalog - Finance

Blog Directory & Search engine

Blog Flux Local - Massachusetts

You can view new videos by clicking here with my compliments.

The contents of this report are for information purposes only. Compiled by Tom Nadir.

Copyright © 2007 Sohomatic.com.


Feeds for The SOHO Quest [Online Reviews & Resources for Small Office + Home Office ]

1. Freelance writing jobs » The Ruggedized Laptop Computer Value Proposition
Good news for those who work and travel with computers.

Freelance writing jobs » The Ruggedized Laptop Computer Value Proposition

This includes free lancers and telecommuters.


2. Tips for Business Success in Today's Tough Market Place
By Storm Castle

Does your company do business to business prospecting? Have you ever considered using an outbound telemarketing company? If you are wondering if your business will be able to endure the current economic troubles, this article is exactly what you need to read. There are six tips that can help your business find success even in a bad economy.

The following six tips are ways your company can not only survive, but thrive during tough economic times. Increasing your marketing budget, using the power of leverage, focusing your efforts where they will be most effective, properly training your employees, providing excellent customer service and keeping a positive attitude are all ways to keep your business profitable in difficult economic times.

The first way for increasing profits during a recession may sound backwards, but increasing the amount of money you spend on marketing your business instead of reducing it is one thing that can help your business make a profit during a recession. Countless businesses make the mistake of considering their marketing an expense instead of an investment and wind up destroying their businesses by cutting back in this area.

The second tip is to use the power of leverage by hiring a business to business prospecting company to do outbound telemarketing for your business. This helps your team use their time more wisely.

The next tip is to focus your efforts where they will be most effective, which is spending time closing sales. When the telemarketing programs do their job effectively your team can spend the majority of their time making sales which means increased profits for you.

The fourth tip involves properly training your employees to work with the highly qualified leads they receive from these lead generation companies. Proper training will help them make the most of these leads and sales will go through the roof regardless of what is happening in the economy.

The fifth tip for business success in tough economic times is to provide excellent customer service. Getting repeat business is much more cost effective and profitable than having to constantly prospect for new business so it is vital to keep your current customers happy.

The sixth and final tip for business success in tough economic times is keeping a positive attitude. People have a tendency to create the exact amount of success they believe they will and your positive attitude will be reflected in your employees' attitudes and achievements as well as your own.

Implementing the six ways listed above can help your business to increase profits during a recession. Business to business prospecting is one area to concentrate your marketing efforts in since this will make four of the six ways happen. Then all you have to worry about are the last two ways including treating your clients to outstanding service and maintaining an optimistic outlook.

About the Author:



3. 4/15 Yahoo! News: Work from Home
Yahoo! News Search Results for "work at home" Feed My Inbox

Career Step Partners with HCIT Solutions to Provide Training in Jamaica (PRWeb via Yahoo! News)
April 15, 2009 at 3:01 am

Career Step has recently partnered with HCIT Solutions to help develop the Jamaican medical transcription field within the growing global healthcare industry.

Favors-n-Gifts.com Responds To Demand For Personalized Party Favors (PRWeb via Yahoo! News)
April 15, 2009 at 3:01 am

Favors-n-Gifts.com caters to the high demand for personalized party favors with different customization options and lower prices.

Freelance writing jobs grew 500% in past year, according to oDesk (PRWeb via Yahoo! News)
April 15, 2009 at 3:01 am

oDesk oConomy reports that freelance writing jobs, including technical writing, business writing, blog and article writing, editing, and translation services are all part of the growing demand for online jobs found on oDesk.





4. Secret Exposed: How the Google Search Engine Really Works
By Henry Zeng

While we don't often think about - or even care - how the Google search engine works, it is very important for an online marketer who is using search engine optimization, or natural search marketing for their online business to understand the basic principles that drive Google.

There are three main parts to Google: Googlebot, The Indexer, and the Query Processor. Each of these three parts is crucial to online businesses, believe it or not. Let's take a deep look at each of these Google elements to see how they work.

Googlebot is the search engine spider that comes to your website and spiders your pages. It isn't an actual spider, of course.

It actually works more like a web browser by calling a server and requesting pages, and downloading them - just as you do when you open your browser, type in an URI, and then the web page loads.

Googlebot, however, is run by big number of computers and performs this task much faster than one user could on their home or work personal computer. And Googlebot doesn't know if a website exists until a URL is put into their Add URL form, or until they find a link point to that site on another web page.

When Googlebot comes to a page, they take all the links from that page, and put them in a queue for crawling, and repeat this process over and over again. Once Googlebot has found a link, and downloaded the page, it hands that page off to the Indexer.

The Indexer stores the pages in Google's Index Data base. The Index then sorts all of the pages in its data base, alphabetically, by looking at all of the keywords on the pages. The Indexer does not pay any attention to what Google calls stop words, such as is, on, or, why, how, etc. It just pays attention to more important keyword type words.

The Indexer, after Indexing pages, waits for the Google Query Processor to ask it for a list of documents. A keyword is given to the Query Processor, which in turn asks the Indexer for a list of stored websites contain that keyword.

The Indexer then supplies the Query processor with a list of the documents, and the Query processor presents the documents to the user who requested the keyphrase.

You see, each element is important to the others. It all starts with the Googlebot finding your web page link on another site, or by you going to Google and using the Add form to submit your site.

About the Author:



5. Google Voice Application will soon arrive in iPhone and iPod Touch
By Haven Frbiz

GrandCentral Phone Service as a voice of the recycled products, Google introduced at the beginning of Google Voice Services, which provides integrated voice telephone service, including all the features of GrandCentral (useful for SOHOs).

In addition, Google will also provide a voice mail features automatic text copying, as well as send and receive text messages, Google voice communications will also be recorded with the Gmail integration implementation. Users can make free calls to any number in the United States.

Like Gizmodo, according to reports, Google Voice will soon appear in the form of application at the iPhone and iPod Touch. The application will include a dial-up, and it can be set aside (from Google Voice your number), and the iPhone will make its own bilateral linking.

It can also dial-up and cell phone, and contact list to work, while sending SMS. Google Voice also includes standard features such as phone logs, voice mail and so on.

The latest model stars Netbook - X-Slim and really drive map Wind U123 has just emerged, both CULV notebook using Intel's ultra-low voltage processor, running Windows Vista Home Premium system, only 0.7 inches thick, 2.8 pounds, is the MSI Dell used to combat the Adamo's flagship product, version with high prices also reached a level of more than 1000 U.S. dollars, the minimum should have 700 U.S. dollars, this series of products will also have 11.6, 14 and 15.6-inch version, let us Figure it together!

GIGABYTE is expected at the end of the second quarter with the cottage Internet Protocol of the Company products will be delivered, and the deal will allow Gigabyte notebook sales doubled compared to 3 last year! Last year, the Gigabyte notebook sales are only 15 million units, while in 2009 this figure grew to around 50 million units.

About the Author:



6. 4/10 Yahoo! News: Home Biz SEO
Yahoo! News Search Results for "work at home" Feed My Inbox

Get #1 Rankings On Google with 10-Step Laser-Targeted Search Engine Optimization Tutorial (PRWeb via Yahoo! News)
April 10, 2009 at 3:01 am

Since 2006, Matthew Bredel has built a successful online, home based business that's growth has depended largely on page 1 Google rankings and other SEO organic traffic. The SEO Exciter Series outlines many of his personal strategies in getting top search engine rankings for some of today's most competitive search engine keywords.





7. 4/9 Yahoo! News: Technology and Telecommuting
Yahoo! News Search Results for "work at home" Feed My Inbox

For Businesses to Grow in a Fledgling Economy, Turn to Technology and Telecommuting, Says E-Geniuses (PRWeb via Yahoo! News)
April 9, 2009 at 3:05 am

Leading L.A.-based computer repair service company E-Geniuses illustrates how businesses can utilize technology and telecommuting to not only survive the economic crisis but to grow in a down market.

New Google Alerts Third-Party Add-On Boosts Marketing Intelligence Access for Small Businesses, Busy Pros (PRWeb via Yahoo! News)
April 9, 2009 at 3:01 am

Developed by Adam Green, 'Mr. Google Alerts', AlertRank makes it easier to track, sort, rank and analyze Google-indexed news, blog postings and social media alerts




8. Adelaide Small Business Need SEO
By Dr S Ausman

There are no secrets on how to rank high with the major search engines because effective search engine optimizations are now immense. What is search engine optimization? Before we discuss that thing, you have to understand first how search engines work and a bit of know-how.

Search engines are into providing their users with the most relevant and up-to-date information to match the search term that was used. They are sophisticated pieces of technology which allow users to quickly find relevant websites by searching for a word or a phrase. Search engine results are useless to users if the information doesn't relate to the search term, or if the results are old. People expect the most up-to-date and fresh information that is useful to them.

Updating your website everyday and adding some materials will help you get noticed by the search engines. So, if you are going to sell any type of product or service online, you have to optimize your website for the search engines, in order to boost traffic and sales. It is because over 90% of your business will likely come directly from search engine results. And for that reason, it is absolutely important to optimize your site for search engines for you to have the greatest deals in the entire world.

Search engine optimization (SEO) is the process by which webmasters or online business owners utilize strategic copy to augment their website's status. It is certain that the internet has grown so fast over the years and the competition for the best search engine position has created an enormous market. Therefore, better understanding the fundamental elements of Search Engine Optimization is vital for an online business' success.

Making use of effective search engine optimization techniques will improve the page rank of your website. There are many tricks that can be used to increase page rank; the most effective method is to provide high quality content consistently. This seems like a simple concept but there are many websites that fails to provide content that visitors find interesting. Sites which provide content that are interesting, well-written and regularly updated create highly engaged visitors who are more likely to return to the website in the coming days. So, if you can set your website apart from those boring, lifeless sites then do it. You'll surely have a step closer to achieving high page rank through search engine optimization.

The next significant factor for an effective search engine optimization is to include keywords and phrases within your content. To make sure that you are properly targeting your market, you have to make sure that the keywords and phrases you have on your site are the keywords and phrase that your site is actually optimized for. The more keywords you use in your content, the more likely it is that online visitors will find your site when they do some research with those words. If you are unfailing with these techniques, then your overall search engine optimization will increase, boosting your page rank.

You should also have to develop a linking strategy as a part of your search engine optimization. Not only does this provide free advertising for your site, but it makes the impression that your site is imperative because of its affiliated links. For each link that you have pointing back to you, that is another chance for your potential customer to find you. The more inbound links that you have pointing to your site, the higher you will be ranked in the search engines.

Another is to develop a content stratagem. People who get to search from the internet are looking for information. The more information you provide for them and the more helpful it is, the more likely you will make the sale. Writing articles is the most effective way to build up content for your site. When writing articles to post on your site, make sure that you develop a clear means of arranging their content. You can do this by simply adding a new page to your site. This will allow room for extra articles to be added as you write them, and will allow you to build up an archive of articles which will maintain to draw online visitors. Make sure also that you have included your archived articles in a directory that is next to the root web of your site so that the search engines will catalog your online articles.

Always keep in mind that search engine optimization methods are important in developing your site's status. With that thing in mind, make sure that you write high-quality, keyword rich content and link your site to and from a deliberate family of other sites. These things will help improve your site's popularity and coerce increased business through your online business.

About the Author:



9. 4/6 Yahoo! News: Mobile Internet
Yahoo! News Search Results for "work at home" Feed My Inbox

Peplink Launches Enterprise Grade 3G Load Balancing (Business Wire via Yahoo! Finance)
April 6, 2009 at 7:53 am

MOUNTAIN VIEW, Calif.----Peplink, the pioneer in Internet link balancing and failover solutions, today announces the release of its Balance 20W mobile load balancing router. Peplink's innovative new product gives Internet reliability to mobile and remote locations where it is not currently possible.



10. Get More Business with Autoresponders
By David Jessee

These days, most everyone is familiar with an autoresponder, although many don't know why they are beneficial to businesses. If you aren't familiar with autoresponders, you would probably find yourself amazed with them. An autoresponder can help your business by automatically emailing your clients and customers with a preset message that will help to increase your sales.

An autoresponder can help your list of clients grow, even send each one of them their own personalized email message. If you choose, you can also follow up each individual email with repeated emails, varying the content whenever you wish. These programs will also allow you to keep track of conversations, and send out broadcast email messages whenever you have news or new products to offer your clients.

As research in the past has shown, personalized email from autoresponders is a great way to boost your business. When you send a personalized email to one of your clients, the autoresponder by can address him or her by their name - which always makes a customer take notice. While you could do this yourself using traditional email, it could take you a few hours if you have a long list of customers.

Autoresponders make sending personalized email a snap. All you need to do is set up your email template, then select where you like the name to go. You can add everyone in your customer list to the autoresponder, which makes sending emails a snap. Once you have everything ready to go, all you need to do is send out the emails with one simple click. Best of all, you don't have to set it up again when you need to send out broadcast messages.

Although there are some people who will buy products after one or two emails, most people require about seven or eight emails before they will purchase anything. Autoresponders can really help you there, as they will do all of the emailing for you. You dont have to keep sending manual emails or anything like that. All you need to do is set up the email address, type in your preset message, and then feel free to send it as many times as you like.

Through the use of an autoresponder you can really boost your business. If you run an Internet marketing business, this tool will prove to be invaluable. You can spend less time sending messages and more time doing what you enjoy. If you've never tried an autoresponder before, you owe it yourself to check out everything they will do for you and your business. Online businesses can get a lot of emails on a daily basis, which is where the autoresponder will really start to shine and show you just how great of an asset it really is.

About the Author:



11. Work at Home News Front
Verbal Communication Skills Lacking in Some Job Seekers; Media Consultants Offer Job Interview Preparation

Landing a new job is hard work. Just getting through the first interview is a challenge especially for a professional who's been laid off from a position he has held for years. Media consultant Suzanne Spurgeon says, "Interview skills get rusty if you don't use them.

The AA'S £6.2BN Summit Paper on Curbing Motoring

As world leaders gather today at the G20 summit to discuss the global financial crisis, the AA's own president, Edmund King, is reminding motorists that with rising motoring costs upon us, it has never been a better time to shed the pounds. Drivers could save over £6 billion per year by following the AA's money saving tips.

Anti-Phishing Working Group Leading Initiative to Stop Consumers From Falling Prey to Money Laundering Scams

CAMBRIDGE, Mass. & LOS ALTOS, Calif.----The Anti-Phishing Working Group announced today a new public education initiative to deliver free counter-crime video instruction to consumers.









12. Adwords Management - 7 Keys to Success: Part 1
By George Kristopher

Most people advertising in Adwords today don't realize that they are losing tons of customers and leads all due to the fact that they don't know the 7 Key things they must do to set up a successful adwords campaign. If you follow these 7 key steps to setting up your adwords campaign, not only will your ad show up a lot higher in Google, but you'll also pay less per click than people advertising below you! Applying these 7 Crucial Steps will increase the amount of clicks you're getting per day and at the same time decrease the amount of money you're having to spend now!

Optimize Your Campaign For Google Are all of your keywords stuffed into one or just a few adgroups? Google hates it when campaigns are like this and determines that your campaign has 0 Relevancy! I know this strategy works, so for all of my clients I make their campaigns Super Relevant by taking each individual keyword and putting it in ad adgroup all on it's own! I know, it's days worth of work, but it reduces their click cost by an incredible amount! If you don't follow crucial step #1 you're going to be slapped! This means that Google will charge you insane amounts of money for your clicks and give your ads horrible placement.

Optimize your ads for Google The structure of your ads play a huge role in determining how much you pay per click. Just like in step #1 Google is obsessed with "Relevancy". Google's idea of a perfect ad actually has the keyword that was searched on show up twice in the ad; Once in the ad title, and once in the ad text. If Google see's that your ad displaying for the keyword, "injury attorney" actually has the keyword "injury attorney" appearing in your ad title and inyour ad text then Google is going to reward your ad for being perfectly relevant to the keyword that was searched on.

Google is going to reward you in two ways, 1) by charging you less per click and 2) by giving your ad a higher ad placement! But that's not all! Who searches on the keyword "injury attorney" will be more inclined to click on your ad because the actual keyword they searched on shows up twice in your ad! That means that by optimizing your ads you get more clicks, you spend less, AND you get higher ad placement! It's a win win situation!

You might ask, "Well how will I ever have time to write a super targeted ad like that for every keyword I have? That seems impossible!" Well, if you don't have time you should make time. My company write a super targeted ad for EVERY keyword that you have! It's a huge load of work, but we've found it's definitely worth it for our clients. Stay tuned for part 2 of this article series, on "Optimizing your site for Google and Keyword Swiping".

About the Author:



13. Privacy Policy - The SOHO Quest Blog
Our Commitment To Your Privacy
To better protect your privacy we have provided this notice explaining our online information practices, and the choices you may make about the way your information is collected and used. Here is information on what types of personal information we receive and collect when you use and visit this website, and how we safeguard your information. The SOHO Quest Blog will never sell your or trade your personal information to third parties.

Log Files
As with most other websites, we collect and use the data contained in log files.The information in the log files include your IP (internet protocol) address, your ISP (internet service provider), the browser you used to visit our site, and the time you visited our site and which pages you visited throughout our site.

Cookies and Web Beacons
We do use cookies to store information, such as your personal preferences when you visit our site.This could include only showing you a popup once in your visit, or the ability to login to use features, such as a forum. We also use third party advertisements in support of this website. Some of these advertisers may use technology such as cookies and web beacons when they advertise on our site, which will also send these advertisers (such as the Google AdSense program) information including your IP address, your ISP, the browser you used to visit the website, and in some cases, whether you have Flash installed. This is generally used for geotargeting purposes (showing local ads to someone in a particular geographic area) or showing certain ads based on specific sites visited (based the content of the types of websites frequented). You can choose to disable or selectively turn off our cookies or third-party cookies in your browser settings, or by managing preferences in programs such as Norton Internet Security. However, this can affect how you are able to interact with this website, as well as other websites. This could include the inability to login to services or programs, such as logging into forums or accounts.

Our Commitment To Data Security
To prevent unauthorized access, maintain data accuracy, and ensure the correct use of information, we have put in place appropriate physical, electronic, and managerial procedures to safeguard and secure the information we collect online.

Our Commitment To Child Privacy
Protecting the privacy of the very young is especially important. For that reason, we never collect or maintain information at our website from those we actually know are under 18, and no part of our website is structured to attract anyone under 18. Under our Terms of Service, children under 18 are not allowed to access our service.

Collection of Personal Information
This information is purely used to analyze trends, administer the site, track user’s movement, and gather broad demographic information for aggregate use. Importantly, IP addresses are not linked to personally identifiable information.

Links to Third Party Websites
We have included links on this site for your reference. We are not responsible for the privacy policies on these websites.

lterations to this Privacy Statement
The content of this statement may be altered at any time.


14. SOHO Quest - New Contact Information
This post provides updated contact information for this blog. If you have any questions regarding the content of The SOHO Quest Blog, about the products mentioned, or questions of any nature at all, do not hesitate to contact us at the following address.

Your feedback about this website is helpful, appreciated, and welcome.

Please contact us at: soho.quest@gmail.com


15. Updated About for The SOHO Quest
The SOHO Quest is a blog dedicated to providing up-to-date information on the subject Small Office and Home Office.

This blog publishes reviews, informative content, tips and more with regard to working in an small office-home office environment. Navigate this blog by using the side bar links. Follow highlighted links you see throughout posts to learn about the products and services being mentioned.

This blog is intended to provide worthwhile information for those interested in working in a small office-home office.

Direct all questions to: soho.quest@gmail.com


16. Google Gets Voice
Google GrandCentral has grown all up is being relaunched as Google Voice. This service will continue in beta testing with many new features. Grand Central was a start up "one-number access" telephone service that was purchased by Google soon after its debut.

This service will be styled similar to the Skype telephony business model, in that some of the calls are free, and international long distance will be offered at attractive rates way below what normal phone charges would be. As an example, calls to Canada reportedly will be one cent per minute.

This will be a great service for entrepreneurs, solopreneurs, and small office/home office workers, which now includes distance workers, telecommuters and digital nomads. Get in line and queue up for a free Google Voice number.

From The Blogosphere:

Google Voice Blog: Moving to Google Voice!

We are happy to announce that we have made a number of improvements to GrandCentral and are relaunching the service as Google Voice.

Google Voice Speaks of World Domination

Google Voice is a free service that offers "one number for life," so I recently came across your blog and have been reading along.

Get Ready For Google Voice

The folks over at Google are working on a new project called Google Voice. According to the Google Blog site the first beta testing will be for GrandCentral [...]




17. Depression Cooking Teaches
Check out Google Trends this morning, and you will see that Great Depression Cooking tops the charts. The television news anchors are starting to own up to the fact that we are in a depression, and not just your ordinary run of the mill recession.

Imports are down 24% and the economy in the US alone shrank over 6% in just one month. If you think there is any good news in this, it probably is only the fact we need to learn to individually become self reliant again. We can't sustain an economy where the only growth is in government.

If you have already lost your job, and are scratching your head as to what you will do when the unemployment insurance runs out, you may have figured out that it probably won't be a job like you had before. We are headed back to a more mercantile style society, where we each make and trade goods and services. Do you believe you can now start your own small office-home office based on new skills found learned and linked on the Internet?

If you are on your own SOHO quest, you may want to consider investing in and learning about working online. In many ways it is a quite separate and parallel economy. Almost unrelated to what is happening in the real world sector.

An alternative avocation is taking up the art of Depression Style Cooking.




18. SpiderWeb Will Rock the Web
Whoa Baby! This blog is getting whiskers. Anyone that has followed my path will know that I now have been heavy into educating myself about Internet marketing. Thus, the reason for no posts.

But I have been busy investigating. One of the schemes is a beta program known as The SpideWeb Marketing System. If you have seen it in passing, but did not consider it...keep looking. This had the potential to be the next big monetizing scheme for the web.


Many have tried to create a self-sustained or auto-pilot system. This supposedly started out with 12 streams of income, but now has 22. I have a gut feeling you have to work it like any other business.

It still is in beta, so don't hope for much. I had numerous conversation with the owners and management team of this system about creating an inner circle training program. Alas, everyone wants something for nothing. You can generate free leads, but then you have to know what to do with them.

Check out my blog on the subject, too, at "The SpiderWeb System Information and Reviews".


19. How to Produce 365 Videos in One Year
(Archived in: Online Income Reviews)

If you have been involved in the blogosphere for long, you know that many bloggers are gravitating towards video aka Video blogs, Vlogs, Vidcasts, or a Video Podcast.

This is a heads up on Mark Wielgus at 45n5.com. Mark is on top of online trends, and I am here to tell you that he researches, tests, and reports on things you will come to appreciate on a daily basis. All the information in this post was gleaned from 45n5. My belief is that Mark combines some marketing savvy with geekdom knowhow. He even writes simple, but useful utility programs and then gives them away for free on the blog. Here is a recent link to one he dubs "Keyword Scrubber".

45n5.com has turned into one of the few blogs I simply must check out on a daily basis. Now Mark is committed to deciphering Affiliate Marketing as a top priority. Another project he is combining with this effort is his personal mission to produce and post a video every day in 2008.

I think with 365 videos in the planning, his little experiment is one to watch for trends, plus the techniques, tips and tricks he is bound to uncover along the way. So, if you want to make 365 videos in one year, watch this guy in 2008 and I think you will learn something.



20. Prioritize Your Blogging for 2008
(Archived in: Social Media Marketing Social Media Optimization)

Welcome to the New Year! I have been spending the last week planning for 2008, which has included changes to my blogging style. If you follow my blogs, you know that I have decided to concentrate on Digital Nomads and The Rugged Notebooks Blog as my main focus for blogging, and with less frequent posting to this blog and The Sovereign Journey.

This is not for a lack or loss of interest, but merely a necessity of time management. Regardless, my blog niche revolves around the central theme of mobility and using technology to be independent. So, you can always check back here and/or catch my more frequent updates at the Rugged Notebooks or Digital Nomads sites. My plan this year is to move to private domains.

One thing I have been doing is writing more focused posts...themed, if you will, or a series of posts on a subject of interest. Recently, this has had a major slant towards telecom, and in particular new gadgets like MagicJack and VoIP telephoney solutions like Google GrandCentral.

I am finding that being more focused on a particular subject area makes it easier and more interesting to research, test, review, and write. I think my readers appreciate it a well and it is helping in the SERPS.

If you are still blogging, drop me a line and let me know how you are getting on. There seems to have been a drop in the number of friends I met online in 2007 that have continued to blog, or scaled back like I have. -Digital Nomad


21. Twelve Step Program for Email Addicts
(Archived in: Online Usability Reviews)

I saw this over at the BigString 2.0 website and thought it was good advice. BigString is an interesting concept in itself, which I will let you discover for yourself. These 12 items have been edited somewhat, so not to get dinged for duplicate content. There were some typos in the original text anyway. Enjoy.

1. Do not send email when you are angry. Wait until you calm down before you send that email. Feelings and thoughts can be difficult to interpret and easily misconstrued.

2. Never send a sarcastic email that could be taken out of context. Sarcasm and email do not mix. You can easily offend someone in an email without intent to do so.

3. Do not send email gossip. You never know where the email will end up. Just make a commitment to yourself not to participate in any gossip.

4. Never end significant relationships via email. Email is the equivalent of an electronic paper trail. Not good for any sour ending, whether business or personal.

5. If you don't want your boss or coworkers to see it, better not send that email from work.

6. Never put anything in writing that may come back to haunt you. A good overall policy. Not just for email.

7. Never, ever, hit ‘Reply to All’ when you just want to send an email to one individual.

8. Don’t email pictures of yourself to others. Especially, online acquaintances and complete strangers.

9. Don’t make promises or commitments via email that you cannot or will not keep.

10. When you send attachments, be sure that you have selected the correct files and documents.

11. Good advice from New York Governor Elliot Spitzer, “Never write when you can talk. Never talk when you can nod. And never put anything in an email.â€

12. Try BigString recallable email. If you do happen to make errors...the recallable, erasable, and non-forwardable features will help to correct such mistakes.



22. How to Build 10-Minute Affiliate Website Mashups
(Archived in: Online Income Reviews)

If you are searching for ways to be innovative with your online marketing, then here is another plug for many of the ideas featured at 45n5.com authored by Mark Wielgus. No, this is not a paid post.

This is the good stuff, it's an addendum to the post on "30 Websites in 30 Days", and Mark calls this his YouTube-Ebay-Amazon Affiliate Website Mashup Thingy.



I have had a few email exchanges with Mark, and these are a few of his cautionary thoughts by way of how he has explained the ideas behind how it should work. Most people will not succeed with this mashup concept, or any other website scripting without the underlying concept and knowledge (or experience from learning) of how to build such a niche site.

Cranking out "out of the box" and rubber stamp solutions is what everybody else is doing. Doing the same thing that everyone else is doing online will bring the same results...which happens to be not making any money online. This also happens to mirror Einstein's theory of insanity, and he was no dummy. It's also making many people wealthy for some pretty worthless online information products.

So, if you use the script out of the box, most of your money will be made from luck or successful keyword research (aka) what words and topics you use to build these niche minisites in mass production.

Now is the time to learn. Take the time to consider doing it right. - Digital Nomad


23. A SOHO Reprise of Honest Riches System
(Archived in: Online Income Reviews)

A 25 Year Old Entrepreneur Making a Living Online from Home


You probably have read about or heard of The Rich Jerk and Chis X of Day Job Killer. If not you better stop and do a Google search right now. About 2 years ago, Holly Mann, a young mother started to successfully market directly against high profile Internet marketing gurus like these guys.

Living in a foreign country with no job and few resources, Holly decided she could research, design, and deliver a kinder and gentler approach to online marketing. Evidently she found her niche selling "How-To" information, because she has become successful in a short period of time (well, a couple of years).

"Honest Riches 2" is a 95 page proven guide. Holly shows all the techniques she has used to make money online through affiliate programs starting with no website and no start-up money, then on to free websites that can easily be setup with little or no experience, including free advertising that most people don't know or think about.

Yes, it seems possible to make money online and work from home just about anywhere (Holly lives in Thailand), but don't quit your day job just yet. You need a system and you need the right tools and knowledge to be successful. Changing your career is a life altering decision.

Before taking the leap, do plenty of due diligence and adequate research for information and resources about starting an online business and becoming an online entrepreneur. This e-book is geared for beginners, but is a valuable resource for all online marketers. No "get-rich-quick" schemes here....like any real business endeavor, it involves some effort and some work. But you will learn strategies and techniques to start making money right away.

To read more about Holly Mann techniques and other online marketers, visit Thank You Holly Mann.


24. John Chow Calls It Quits on Agloco
(Archive in: Weblogs and Business)

After many attempts at beating a dead horse, everyone involved in the Agloco fiasco can now uncross their fingers. It ain't gonna happen. Even John Chow has finally admitted defeat along with almost 30,000 signed up in his Agloco network.


Here is a partial screenshot of his last post on the subject, and here is a link to the post about the Agloco demise at TechCruch. Like John says...it shows that all those MBAs don't always muster up success, even the second time around. For posterity, watch the video on the Agloco viewbar attributes, and think about all the gurus that were on board for this.



25. How to Build 30 Websites in 30 Days
(Archive in Ecommerce SOHO Online Usability)

It may sound implausible, but it is not impossible. Follow this Digital Nomad and you know that just feeding the blogs is not going to cut it anymore. Blogging should be part of your online marketing network, but not a diversion.

I have been searching heavy for the folks that are making it online and not the wannabes. One such source is 45n5.com authored by Mark Wielgus. This guy tells it straight. You have to hunt an peck to find the good stuff, and you will have to piece it together, but I think a good start is on this website.

Mark will show you how to find a niche, create a website in 10 minutes, and then shove it in the pipeline with some SEO tricks. Theoretically, there is no reason why you could not do this everyday for a month and then have 30 minisites up and running for affiliate programs in thirty days. That's if you want to have a website between you and the merchant.



I am finding that you maybe don't even need a website to market affiliate programs, but you do have to commit to spending some money for Google Adword campaigns. Better have a pad and pen ready.

There is always something to learn. Take the time to learn something new each day. - Digital Nomad


American Jobs: Going, Going...
Jane Birnbaum
2005
Reprinted from: AFLCIO.org

Corporations are escalating efforts to ship out jobs that pay well and build the middle class—and now they are aiming their axes at workers in the nation’s fast-growing white-collar sector.

The U.S. recession that began in March 2001 officially ended in November 2001, say the National Bureau of Economic Research and other analysts.

So why are so many workers still out of jobs?

“We’ve declared victory over the recession, and we’re still laying off a couple hundred thousand workers a month,” says Rep. Pete Stark (D-Calif.). “If it weren’t so painful for so many people who are out of work, it would be hilarious. But it isn’t.”

The U.S. economy has 3.2 million fewer jobs today than it did when President George W. Bush took office, including 2.5 million fewer manufacturing jobs. Bush appears headed for the dubious distinction of being the first president since Herbert Hoover to preside over a decline in total employment during his term in office.

In the past three years, nearly one in five U.S. workers was laid off from the job, according to The Disposable Worker: Living in a Job-Loss Economy, a Rutgers University¡V University of Connecticut report released in late July. Among workers laid off from full-time work, roughly one-fourth were earning less than $40,000 annually, the report finds.

In July, a total of 15 million U.S. workers were either unemployed, underemployed or too discouraged to job hunt, according to the Labor Department.

In contrast, within a year after the official end of the last recession in March 1991, the nation had embarked on six straight months of solid job growth.

This time, say economists, there are crucial differences: Companies are sending well-paying manufacturing and service jobs to countries with few, if any, protections for workers and the environment. And these jobs are probably not coming back.

“The movement of jobs and production overseas is handcuffing the recovery,” according to Mark Xandi, chief economist at Economy.com, as quoted in the New York Times.

“With NAFTA, the World Trade Organization and other trade deals of the last decade, American corporations are now tapping into a global supply of workers who can be trained to do everything from design to production, maintenance to marketing,” says Jeff Faux, economist and founding president of the Economic Policy Institute. “And while these workers become more productive, their pay doesn’t rise, because in many of these countries, to be a labor organizer means you risk winding up in a ditch with a bullet in your head.”

American jobs sent out of the country aren’t likely to return anytime soon. “As long as employers can take advantage of much lower labor costs in other countries, there’s no compelling reason to bring back many of these well-paying jobs,” says Ron Hira, an engineer and assistant professor of public policy at Rochester Institute of Technology. “Policymakers seem to be at a loss as to what to do about this problem.”

Meanwhile, the Bush administration directs multimillion-dollar tax cuts to the wealthy while supporting trade laws that encourage offshore outsourcing. And even as Bush opposes unemployment insurance extensions for some 1 million Americans who have exhausted their benefits, his administration refuses to embrace job-creating programs that would repair the nation’s infrastructure and help balance devastated state budgets.

“The Bush administration doesn’t seem to care about jobs,” says Center for Economic and Policy Research co-founder Dean Baker. “To retain and create jobs, there have to be policy changes, and I don’t think this administration is willing to make them.”

Manufacturing: America’s Foundation Is Crumbling
Photo Credit: Bill Burke/Page One
“American taxpayers...do not want their tax dollars subsidizing the export of their jobs.”
—USWA President Leo Gerard

Manufacturing jobs traditionally have provided high wages and good benefits that allow workers to care for their families. But 2.5 million manufacturing jobs have disappeared since President Bush took office in early 2001.

Multinational corporations are transferring jobs to countries where workers earn low wages and have few or no protections. And small U.S. businesses are laying off workers or shutting their doors because they can’t meet foreign competitors’ prices.

African American workers have been hit particularly hard. Because of manufacturing job losses, the unemployment rate among African Americans is rising twice as fast as it is for whites and faster than in any downturn since the mid-1970s. “The number of jobs and the types of jobs that have been lost has severely diminished the standing of many blacks in the middle class,” says William Lucy, president of the Coalition of Black Trade Unionists and AFSCME secretary-treasurer.

Manufacturing job loss starts the downward spiral

The loss of good manufacturing jobs has ripped apart communities and permanently lowered living standards for families throughout the United States, including in Rockford, Ill., 70 miles from Chicago. The northern Illinois city is historically second only to Cleveland as a center for machine tooling, the making of tools used in machine manufacturing.

Machine tooling, which traditionally employs the most highly skilled manufacturing workers including members of the Machinists and UAW, is the bedrock of America’s manufacturing industry.

But the bedrock is crumbling. The Rockford area lost more than 20 percent of its manufacturing jobs—about 10,000—between May 2000 and 2003, according to MBG Information Services President and Economist Charles McMillion’s analysis of Department of Labor data.
General manufacturing jobs have been among those lost in Rockford, including jobs held by Steelworkers Local 745 members at the Goodyear tire plant. USWA members at Goodyear now number 750, down from 1,650 in 1999, before the corporation shipped the jobs to Asia and South America.

But most manufacturing jobs lost in Rockford have been in machine tooling. At Greenlee/Textron, which makes drill bits and tools for electrical contractors, about 180 Machinists now represented by IAM Local 1553 are employed today, down from about 900 in the late 1980s. The 112-year-old crown jewel of Rockford machine tooling—Ingersoll International—declared bankruptcy this spring and laid off 300 employees in Rockford and 70 in Michigan, leaving only skeleton crews of managers and a few contract workers.

“The lesson of Rockford,” says Faux, “is it disproves the free traders’ argument that America could afford to lose manufacturing jobs in areas like textiles and steel because we would ultimately triumph in global competition by making the things hardest to make. In fact, those things are machine tools—and we’re losing them.”

A loss of manufacturing jobs reverberates throughout the community—and ultimately the nation. When manufacturing factories aren’t being built, maintained or expanded, jobs disappear in areas such as construction.

“Our union has about 30 percent unemployment,” says Mark Bramble, business agent for Electrical Workers Local 364 in Rockford. “Guys burn through their unemployment, lose all their benefits, get divorced and then go where the grass looks greener or settle for working as a greeter at Wal-Mart.”

A question of national security

There’s a sense of betrayal in Rockford these days. “Free trade was sold to America with the line that it helps us export more goods,” says Eric Anderberg, who manages his family’s 37-year-old machine tool company, Dial Machines Inc. “But what’s happened is the exportation of our jobs and means of production so multinational corporations can exploit foreign labor and sell their goods back to us.”

Today Dial employs 40 workers, down from 75 in the late 1990s. It recently lost work to a lower-bidding Czech Republic manufacturer that nabbed a contract making parts for a supplier of General Electric Wind Energy Corp.

Anderberg and other Rockford employers worry that a Chinese government-owned machine tooling company, which already has bought two divisions of Ingersoll International, may now be poised to buy another—one containing intellectual property, including high-level research and design and military technology. “I cannot understand how our government can justify not only the debasement of our manufacturing industries but also our national security in a time of war,” he says.

The Rockford community and U.S. national security would get a boost from Buy America provisions House Armed Services Committee Chair Rep. Duncan Hunter (R-Calif.) added to legislation authorizing the 2004 Pentagon budget.

Rep. Donald Manzullo (R-Ill.), who represents the Rockford area and helped write the bill, says, “The Pentagon wouldn’t care if everything it buys is made in China.” Joined by armsmakers such as Boeing and Lockheed Martin, the White House says the Buy America provisions are “burdensome, counterproductive and have the potential to degrade U.S. military capabilities.” But the administration does not mention jobs.

“American steelworkers are also American taxpayers, and they do not want their tax dollars subsidizing the export of their jobs,” says USWA President Leo Gerard.

White-Collar Jobs: America’s Growing Export

Ask anyone which sector of the U.S. economy comes to mind as the most likely to be shipped overseas, and chances are he or she will say manufacturing.

But though the United States lost 2.5 million manufacturing jobs since the Bush presidency beginning in 2001, U.S. corporations now are racing to outsource white-collar jobs—including work in computer sciences, engineering, entertainment, financial and medical services—to countries where workers earn far less.

Terry Antisdel was a Chicago-area engineering associate for Lucent Technologies Inc. and its predecessor AT&T for 35 years until his entire 42-member International Federation of Professional and Technical Engineers Local 81 was laid off in July. He figures his job will end up in India or China. “The words management used were a 'less-expensive offshore site,’ ” recalls Antisdel, who estimates Lucent will send a total of about 5,000 U.S. jobs offshore this year. “I feel let down,” he says. “Companies used to provide jobs for people, but now they’re just there to give money to executives, board members and shareholders.”

In late July, the Washington Alliance of Technology Workers (WashTech), a Communications Workers of America affiliated group that helps high-tech workers win a voice at work, released a tape of a conference call in which IBM’s top human relations executives discussed transferring 3 million U.S. service jobs to countries such as China and India by 2015.

Testifying in June before a House Committee on Small Business investigating the globalization of white-collar jobs, AFL-CIO Department for Professional Employees President Paul Almeida said, “If these cost-saving jobs shifts are taken to their logical extreme, even American corporations should be wondering where their future consumers will be located and how they will buy the goods and services.”

A Forrester Research study predicts U.S. employers will move about 3.3 million white-collar service jobs and $136 billion in wages overseas in the next 15 years, up from $4 billion in 2000.

White-collar jobs going and gone

The jobs already are leaving. By the end of this year, General Electric will have sent a total of 20,000 aircraft and medical research and design jobs to India and China, according to Business Week. And the Accenture consulting firm, which incorporated in Bermuda after splitting from Enron accountant Arthur Andersen, plans to send 5,000 accounting and software jobs to the Philippines in 2004, the magazine says.

According to WashTech, Microsoft plans to eliminate at least 800 full-time call-center jobs near Dallas and shift the work to India and Canada in the next fiscal year. It would be the largest one-time firing of full-time Microsoft employees in the company’s history. WashTech says a Microsoft senior vice president recently urged company managers to “pick something to move offshore today,” though Microsoft publicly has repeated it will not lay off U.S. workers and send the jobs offshore.

While the Bush administration remains silent about offshore outsourcing, states such as New Jersey are considering corrective measures. New Jersey legislators acted after the state outsourced the electronic administration of welfare and food stamp benefits to a company that then sent the jobs to India. When New Jersey citizens called to ask about benefits, they were connected with Indian workers who gave Americanized names.

A bill authored by state Assembly member Linda Greenstein (D) would have required such offshore subcontractors to disclose to New Jersey residents their employers’ true names and locations. But even this common- sense measure had no chance in the face
of massive opposition launched by Indian and American corporate interests, such as Verizon.

“We got a copy of an e-mail Verizon sent managers in New Jersey, thanking them for sending 1,800 e-mails opposing the bill,” says Don Rice, CWA’s New Jersey legislative coordinator. Activists and legislators hope to bring the bill to a vote before the legislative session ends this year.

U.S. security at stake

Offshore outsourcing of white-collar work also raises security concerns. U.S. firms are sending mapping and other such work to India, Pakistan, China, the Philippines and other countries with lower labor costs, says John Palatiello, administrator of the Council on Federal Procurement of Architectural and Engineering Services.

“This practice raises issues regarding access to data about the location of¡Kcritical infrastructure by individuals in foreign countries who have not been through any degree of security clearance and where control of access to data simply does not exist.”

Bush’s January 2002 State of the Union address made clear the danger of access to data by unfriendly foreign operatives: “Our discoveries in Afghanistan confirmed our worst fears....We have found diagrams of American nuclear power plants and public water facilities¡Ksurveillance maps of American cities and thorough descriptions of landmarks in America.”

Activists are demanding Congress review trade and tax policies that encourage white-collar offshore outsourcing. Without government intervention, warns Almeida, “short-sighted corporate policy focused on saving a few bucks in the short run will have an enormous deleterious impact on the entire U.S. economy.”

Low-Wage Jobs: Betray America’s Workers

Photo Credit: Ernie Englander/The New Press

Laid-off U.S. workers thrust into a hostile job market are discovering another ugly part of the American economy: low-wage work that pays too little to keep even a small family out of poverty.

Nearly a quarter of all U.S. workers labor in jobs that pay little but are essential to society. Sixty percent of these workers are female, and many are people of color. They care for nursing home patients and clean offices at night. They prepare food, answer call-center phones and care for our children.

These jobs generally pay less than the $8.85 hourly wage the U.S. government says it takes to keep a family of four out of poverty. Even so, many low-wage jobs offer only part-time hours, with few or no benefits. And workers in low-paying but essential jobs often are treated as disposable, quickly fired if they get sick or stay home with a sick child.

As more good jobs leave the country, the percentage of low-wage jobs keeps growing. By 2010, about 30 percent of working Americans won’t be making even poverty wages, according to the U.S. Department of Labor. A Labor Department list of the 10 occupations likely to show the largest job growth this decade is dominated by jobs that typically pay poorly—food preparation, customer service, office clerking, security and food service.

This world of low-wage jobs and the workers who do them is illuminated in The Betrayal of Work: How Low-Wage Jobs Fail 35 Million Americans, published on Labor Day by the New Press. “Traditionally, there was a promise in this country that if you worked hard, you could take care of your family,” explains author Beth Shulman, an attorney and former United Food and Commercial Workers vice president. “That promise has been broken¡Kand we have built our national prosperity on their backs.”

No job is inherently low wage

Workers in low-wage jobs frequently are labeled as lacking skills and in need of training to move into better-paying positions. But while education is a traditional route to higher pay, Shulman contends no job is inherently low wage.
“Take autoworkers, who had horrible jobs that became good ones because of unions and social legislation,” she says. “The same thing must happen with currently low-paying service- sector jobs. In Las Vegas, for example, the housekeeper represented by the Hotel Employees Restaurant Employees has decent wages and benefits thanks to unionization.”

Low-wage jobs tend to imprison the workers who perform them because of what Shulman calls a “piling on” of hardships. Workers in low-wage jobs are unlikely to have sick leave or health insurance or make enough money to afford reliable transportation or child day care. At the same time, they are likely to be in inflexible situations in which being late or missing work can result in a quick firing.

“It’s not just that you make less money in these jobs, but you have none of the basic things many of us take for granted, such as health insurance, time to care for a family member, adequate child care, some kind of retirement security, even a telephone,” Shulman says. “And this applies to one in four U.S. workers.”

Gap is growing between U.S. rich and poor

As low-wage work continues to replace jobs that pay well, the U.S. economy increasingly resembles that of a less-developed nation, with a wide gulf between rich and poor. Among all western industrialized nations, the United States has the greatest income and wage inequalities, with the best-paid 10 percent of workers making 16.6 times the amount made by the lowest-paid 10 percent, according to a 2003 analysis by the United Nations Development Program. “That’s the way we’ve been moving for some time now and continue to move,” says Heather Boushey, a Center for Economic and Policy Research economist.

To reverse this trend, the United States needs to change the rules of the game, according to Shulman. “For starters, we should immediately raise the minimum hourly wage to the poverty guideline for a family of four—$8.85 an hour versus the current $5.15 hourly federal minimum wage—and then have automatic increases so there’s not a big political battle every time it needs raising. Then, all Americans should have access to affordable health care. There are a variety of ways to do this, and we should just get it done.

“Finally, all American workers should be able to care for their children—to have access to affordable child care, and to stay with them when they’re sick or go to a PTA meeting without getting fired. The consequences for the children of today’s low-wage workers are enormous—they’re following their parents into this low-wage world.”


Companies in India celebrate
"loss of American jobs"
Mike Crane
December 2004
Reprinted from: Southern Party of Georgia website

In our previous article we reported how various companies in India were employed by the Republican National Committee and the Bush Re-election campaign (see: India claims big election victory and laughs at Americans).

One interesting comment that was documented in that article was:

As Vivek Paul, Wipro VC, said after the Presidential poll, “The elections are over and so is the rhetoric; it will be easier for American corporations to step out with their outsourcing plans.”

Well a little research has found some estimates from within India about what that meant. First and foremost, it means that India is celebrating the "loss of American jobs." Folks, that is the jobs of friends, family or perhaps even your own.

Specifically on November 4, with time zone changes, roughly a day after the polls close the following was published in the India Times:

The industry is quietly celebrating that outsourcing and loss of American jobs will not be the hot-button issues any more.

And that is why they believe that "it will be easier for American corporations to step out with their outsourcing plans." Does this mean that American companies put their plans on "hold" to minimize the impact on a close election?

But the folks in India gloat a little more:

Of the documented jobs that left the US for other countries in January through March 2004, 23,396 went to Mexico, 8,283 to China, 3,895 to India, 4,419 to other Asian countries, 5,511 to Latin American countries other than Mexico and 2,933 to other countries.

A brief look at these numbers show what they call a documented American job loss of 48,237 for the first quarter of 2004. On an annual basis this would be 192,968 American jobs. And they expect American companies to now - step out - with their outsourcing plans.

Some will say that 192,968 jobs is not very many. But as you will see in coming articles that is just what is called BPO and is not the whole picture.

Lets look at the effect of three policies that affect American jobs:

  1. Outsourcing - In this article it has been shown that it is at least close to 200,00 jobs a year for the BPO segment and expected to increase
  2. H1-B visa program - allows high tech foreigners to take American jobs here without being counted in immigration totals. Used by many companies to train personnel for their foreign outsourcing programs. There are roughly a million H1-B visas active today.
  3. Legal immigration of about 1 million a year and illegal immigration of about 3 million a year resulting in lower American wages and increased social costs.

Ladies and gentlemen, you are paying the salaries of the elected and appointed officials who are doing this to you. Is this what you want to pay for? If so, why are you reading material on this web site?

If not, you are being ignored!

It should be obvious to all that this trend can not continue forever. Are there any signs that it is getting better:

A recent study of A T Kearney shows that nine out of 10 chief executives wanted to outsource to India. 25 % of the respondents wanted IT and auto component work to be given to India, 15 % favoured China and 13 % Mexico.

That should answer that question beyond a reasonable doubt. Interesting that 15% of the outsourcing chief executives favor Red China! Remember these are the folks that make the big campaign contributions that have so much influence on many of your elected officials. How will you feel when YOUR job is sent to Red China?

If you do not agree with these policies you are being ignored and your elected officials are representing special interests more than you! If you believe that this is a serious problem it is time to get involved now. The longer you wait, the harder it will be stop these destructive trends.

The BPO and your elected officials are doing offshore calculus, are you?

BPO biggies do offshore calculus
TIMES NEWS NETWORK [ THURSDAY, NOVEMBER 04, 2004 02:13:09 PM]

India’s silicon valley is delighted to move out of the limelight. The industry is quietly celebrating that outsourcing and loss of American jobs will not be the hot-button issues any more.

BPO bigwigs are already computing the gains from mega-offshoring plans on hold waiting for US presidential race to be over.

Though most of the industry majors refuse to comment on who will safeguard their interests better, they feel that economic benefits of transfer of jobs to low cost destinations will now overshadow the political rhetoric against outsourcing in the run up to the US poll.

The US presidential election was fueling the protests against job losses due to transfer of jobs.

“American law will remain the same and the outsourcing will go up irrespective of who wins. Already, we see our clients getting ready for bigger offshoring plans,’’ says head of a leading Delhi-based BPO firm. Insiders also feel the American clients might be more open to talk about their outsourcing plans to low-cost destinations like India now.

Though Kerry’s tax proposals that seek to end tax breaks for companies that ship jobs overseas could deter fence-sitter, analysts feel they are no more than short-term sentiment dampeners. After initially branding the shipping of jobs to countries like India and China as a threat to the US economy, Kerry has gone on record saying he can’t stop outsourcing.

Clearly, what is of greater concern is that a clear decision comes soon, irrespective of whether it favours Bush or Kerry. Though Bush is more popular, the $ 2.6 billion BPO industry is convinced that “it will soon be difficult to differentiate between Democrats and Republicans.

Obviously sector’s fate is closely tied up with the US elections, with US accounting for over 70 % of India’s IT exports. A recent study of A T Kearney shows that nine out of 10 chief executives wanted to outsource to India. 25 % of the respondents wanted IT and auto component work to be given to India, 15 % favoured China and 13 % Mexico.

Of the documented jobs that left the US for other countries in January through March 2004, 23,396 went to Mexico, 8,283 to China, 3,895 to India, 4,419 to other Asian countries, 5,511 to Latin American countries other than Mexico and 2,933 to other countries.

 


Costly Trade With China
Millions of U.S. jobs displaced
Robert E. Scott
October 9, 2007
Reprinted from: Economic Policy Institute

Contrary to the predictions of its supporters, China's entry into the World Trade Organization (WTO) has failed to reduce its trade surplus with the United States or increase overall U.S. employment. The rise in the U.S. trade deficit with China between 1997 and 2006 has displaced production that could have supported 2,166,000 U.S. jobs. Most of these jobs (1.8 million) have been lost since China entered the WTO in 2001. Between 1997 and 2001, growing trade deficits displaced an average of 101,000 jobs per year, or slightly more than the total employment in Manchester, New Hampshire. Since China entered the WTO in 2001, job losses increased to an average of 353,000 per year—more than the total employment in greater Akron, Ohio. Between 2001 and 2006, jobs were displaced in every state and the District of Columbia. Nearly three-quarters of the jobs displaced were in manufacturing industries. Simply put, the promised benefits of trade liberalization with China have been unfulfilled.

As a matter of policy, China tightly pegs its currency's value to that of the dollar at a rate that encourages a large bilateral surplus with the United States. Maintaining this peg required the purchase of about $200 billion in U.S. Treasury Bills and other securities in 2006 alone.1 This intervention makes the yuan artificially cheap and provides an effective subsidy on Chinese exports; best estimates are that the rate of this effective subsidy is roughly 40%. China also engages in extensive suppression of labor rights; it has been estimated that wages in China would be 47% to 85% higher in the absence of labor repression. China has also been accused of massive direct subsidization of export production. Finally, it maintains strict, non-tariff barriers to imports. As a result, China's exports to the United States of $288 billion in 2006 were six times greater than U.S. exports to China, which were only $52 billion (Table 1). China's trade surplus was responsible for 42.6% of the United States' total, non-oil trade deficit. This is by far the United States' most imbalanced trading relationship. Unless and until China revalues (raises) the yuan and eliminates these other trade distortions, the U.S. trade deficit and job losses will continue to grow rapidly in the future.

Major findings of this study:

  • The 1.8 million jobs opportunities lost nationwide since 2001 are distributed among all 50 states and the District of Columbia, with the biggest losers, in numeric terms: California (-269,300), Texas (-136,900), New York (-105,900), Illinois (-79,900), Pennsylvania (-78,200), North Carolina (-77,200), Florida (-71,900), Ohio (-66,100), Georgia (-60,400), and Massachusetts (-59,300) (Table 2A).

  • The 10 hardest-hit states, as a share of total state employment, are: New Hampshire (-13,000, -2.1%), North Carolina (-77,200, -2.0%), California (-269,300, -1.8%), Massachusetts (-59,300, -1.8%), Rhode Island (-8,400, -1.8%), South Carolina (-29,200, -1.6%), Vermont (-4,900, -1.6%), Oregon (-25,700, -1.6%), Indiana (-45,200, -1.5%), and Georgia (-60,400, -1.5%) (Table 2B).

China's entry into the WTO was supposed to bring it into compliance with an enforceable, rules-based regime, which would require that it open its markets to imports from the United States and other nations. The United States also negotiated a series of special safeguard measures designed to limit the disruptive effects of surging Chinese imports on domestic producers. However, the core of the agreement failed to include any protections to maintain or improve labor or environmental standards. As a result, China's entry into the WTO has further tilted the international economic playing field against domestic workers and firms, and in favor of multinational companies (MNCs) from the United States and other countries, and state- and privately-owned exporters in China. This has increased the global "race to the bottom" in wages and environmental quality and caused the closing of thousands of U.S. factories, decimating employment in a wide range of communities, states, and entire regions of the United States.

False promises

Proponents of China's entry into the WTO frequently claimed that it would create jobs in the United States, increase U.S. exports, and improve the trade deficit with China. President Clinton claimed that the agreement allowing China into the WTO, which was negotiated during his administration, "creates a win-win result for both countries" (Clinton 2000, 9). He argued that exports to China "now support hundreds of thousands of American jobs" and that "these figures can grow substantially with the new access to the Chinese market the WTO agreement creates" (Clinton 2000, 10). Others in the White House, such as Kenneth Liberthal, the special advisor to the president and senior director for Asia affairs at the National Security Council, echoed Clinton's assessment:

Let's be clear as to why a trade deficit might decrease in the short term. China exports far more to the U.S. than it imports [from] the U.S….It will not grow as much as it would have grown without this agreement and over time clearly it will shrink with this agreement.2

Promises about jobs and exports misrepresented the real effects of trade on the U.S. economy: trade both creates and destroys jobs. Increases in U.S. exports tend to create jobs in the United States, but increases in imports tend to destroy jobs as imports displace goods that otherwise would have been made in the United States by domestic workers.

The impact of changes in trade on employment is estimated here by calculating the labor content of changes in the trade balance—the difference between exports and imports. Each $1 billion in computer exports to China from the United States supports American jobs. However, each $1 billion in computer imports from China displaces those American workers, who would have been employed making them in the United States. On balance, the net employment effect of trade flows depends on the growth in the trade deficit; not just exports. Another critically important promise made by the promoters of liberalized U.S.-China trade was that the United States would benefit because of increased exports to a large and growing consumer market in China. This market, in turn, was to be based on an expansion of the middle class that, it was claimed, would grow rapidly due to the wealth created in China by its entry into the WTO. However, the increase in U.S. exports to China has been overwhelmed by the growth of U.S. imports, as shown below.

Growing trade deficits and job losses

The U.S. trade deficit with China has increased from $50 billion in 1997 to $235 billion in 2006, an increase of $185 billion, as shown in Table 1. Between 1997 and 2001, prior to China's entry into the WTO, the deficit increased $9 billion per year on average. Between 2001 and 2006, after China entered the WTO, the deficit increased $30 billion per year on average.

While it is true that exports support jobs in the United States, it is equally true that imports displace them. The net effect of trade flows on employment must look at the trade balance. The employment impacts of growing trade deficits are estimated in this paper using an input-output model that estimates the direct and indirect labor requirements of producing output in a given domestic industry. The model includes 200 U.S. industries, 86 of which are in the manufacturing sector (see this paper's methodology appendix for further details).3

The model estimates the labor that would be required to produce a given volume of exports, and the labor that is displaced when a given volume of imports is substituted for domestic output.4 The job losses presented here represent an estimate of what sectoral employment levels would have been in the absence of growing trade deficits.5

U.S. exports to China in 1997 supported 138,000 jobs, but U.S. imports displaced production that would have supported 736,000 jobs, as shown in the bottom half of Table 1. Therefore, the $49 billion trade deficit in 1997 displaced 736,300 jobs in that year. Job displacement rose to 1,000,000 jobs in 2001 and 2,763,000 in 2006. Prior to China's entry into the WTO, an average of 101,000 jobs per year were displaced by growing trade deficits between 1997 and 2001. After 2001, an average of 353,000 jobs per year were lost.

Growth in trade deficits with China has reduced demand for goods produced in every region of the United States and has led to job displacement in all 50 states and the District of Columbia, as shown in Table 2A and Figure A.6 More than 100,000 jobs were lost in California, Texas, and New York each. Jobs displaced due to growing deficits with China equaled or exceeded 2.0% of total employment in states such as North Carolina and New Hampshire, as shown in Table 2B. An alphabetical list of job losses by state is shown in Table 2C.

Figure A

Table 2c

Growing trade deficits with China have clearly reduced domestic employment in traded goods industries, especially in the manufacturing sector, which has been hard hit by plant closings and job losses. Workers displaced by trade from the manufacturing sector have been shown to have particular difficulty in securing comparable employment elsewhere in the economy. More than one-third of workers displaced from manufacturing drop out of the labor force (Kletzer 2001, 101, Table D2). Average wages of those who secured re-employment fell 11% to 13%. Trade-related job displacement pushes many workers out of good jobs in manufacturing and other trade-related industries, often into lower-paying industries and frequently out of the labor market.

Some economists have quibbled with job-loss numbers extrapolated from trade flows, based on the presumption that aggregate employment levels in the United States are set by a broad range of macroeconomic influences, not just by trade flows. There is a grain of truth to this—the trade balance is but one of many variables affecting aggregate job creation in the United States.

That said, the employment impacts of trade identified in this paper can be interpreted as the "all else equal" effect of trade on domestic employment. The Federal Reserve, for example, may decide to cut interest rates to make up for job loss stemming from deteriorating trade balances (or any other economic influence), leaving net employment unchanged. This, however, does not change the fact that trade deficits by themselves are a net drain on employment.

Administration officials and other economists have argued that the capital inflow that is the mirror-image of trade deficits supports jobs in the United States by keeping interest rates lower than they would be absent this inflow. During the late 1990s, for example, these capital inflows fought rising trade deficits to a draw in terms of aggregate employment effects, and, through much of the 2000s recovery, interest-sensitive industries (housing and construction, for example) have surely expanded more than they would have absent foreign capital inflows. While these claims may be correct from a simple accounting standpoint, they do not support assertions that trade flows are a useless indicator of job loss.

First, and most simply, it is just not true that foreign capital inflows always make up trade-induced employment losses one-for-one. In the 2001 recession and the jobless recovery following, growing trade deficits accompanied aggregate job loss, even as interest rates scraped historical bottoms. Clearly, low interest rates do not always translate into enough growth in investment and consumption in interest-sensitive sectors to always sterilize the impact of growing trade deficits.

Second, the job-loss numbers identified in this report are a good measure of just how unbalanced the U.S. economy has become due to rising trade deficits. Tradable goods industries have hemorrhaged jobs, while interest-sensitive, often non-tradable, industries have seen rapid growth. At that point in the future when trade deficits begin to close (and this will happen—it is only a question of when and how), the U.S. economy will need to return many of the jobs displaced by rising trade deficits out of non-tradable and into tradable industries. Moving millions of workers back and forth between sectors is no mean trick, and accomplishing it without a recession in between will be hard; trying to do it after another couple of years of deficit growth—and an even more lopsided U.S. economy—will be even harder.

In short, while aggregate employment in the United States may well not respond job-for-job with the numbers reported in this paper on trade deficits with China, these numbers provide insight into how much harder other macroeconomic influences have to work to eliminate the employment drag from these deficits, and they provide a good (and ominous) measure of how lopsided employment growth in the U.S. economy has become owing to the unbalanced U.S.-China trade relationship.

Conclusion

The growing U.S. trade deficit with China has displaced huge numbers of jobs in the United States, and been a prime contributor to the crisis in manufacturing employment over the past six years. The current U.S.-China trade relationship is bad for both countries. The United States is piling up foreign debt, losing export capacity, and facing a more fragile macroeconomic environment. Meanwhile, China has become dependent on the U.S. consumer market for employment generation, has suppressed the purchasing power of its own middle class with a weak currency, and, most importantly, has held hundreds of billions of hard-currency reserves in low-yielding, risky assets, instead of investing them in public goods that could benefit Chinese households. Its repression of labor rights has suppressed wages, thus subsidizing its exports and making them artificially cheap. This relationship needs a fundamental change: addressing the exchange rate policies and labor standards issues in the Chinese economy are important first steps.

April 2007

The author thanks Lauren Marra for her research assistance
and Josh Bivens and Ross Eisenbrey for comments.

This research was made possible by generous support
from the Alliance for American Manufacturing.


Methodology

This analysis utilizes an input-output model to estimate the relationships between changes in trade flows and production that could support domestic employment. The analysis covers trends in goods trade, which is dominated by manufactures. Services trade is not considered because of problems with the data, and because many of the services traded involve returns to capital and intellectual property that have little or no direct effect on employment. In addition, goods trade dominates the nation's international accounts.

This study uses the model developed in Rothstein and Scott (1997a and 1997b). This approach solves four problems that are prevalent in previous research on the employment effects of trade. Some studies look only at the effects of exports and ignore imports. Some studies include re-exports (transshipments)—goods produced outside the United States and shipped through this country to other nations—as U.S. exports. The trade data used in many studies is usually not adjusted for inflation. Finally, a single employment multiplier is often applied to all industries, despite differences in labor productivity and utilization.7

The model used here is based on the Bureau of Labor Statistics' employment requirements tables, which were derived from the U.S. input-output tables that are published by the Bureau of Economic Analysis. These tables are adjusted to 2000 price and productivity levels (BLS 2007b), in real, chain-weighted 2000 dollars. A base year with 2000 employment requirements was used to estimate the employment content of trade in all years covered in this study. This assumption was needed to control for the effects of technology. This technique isolates the effects of trade on employment from pure technology effects. This model is used to estimate the direct and indirect effects of changes in goods trade flows in each of 200 industries. This study updates the 1987 input employment requirements table used in earlier reports in this series (Rothstein and Scott 1997a, 1997b).

This analysis requires four-digit, trade data based on the North American Industry Classification System (NAICS) (U.S. International Trade Commission 2007), deflated with industry-specific, chain-weighted price indices (BLS 2007a), which were updated using industry-specific producer price indexes (BLS 2007b).8 Trade data were downloaded from the U.S. International Trade Commission (2007) Web site in NAICS format. The data for 2006 are preliminary estimates; this report will be updated and expanded when the final 2006 trade data are released in June 2007. State-level employment effects are calculated by allocating imports and exports to the states on the basis of their share of four-digit, industry-level employment for 2000 (U.S. Census Bureau 2001).

The trade data were converted into chain-weighted 2000 dollars. A domestic employment requirements table for a particular base year was used to estimate the employment effects of trade in each year of the analysis, holding technology constant. The domestic employment requirement calculates the labor required to produce all of a given product within the United States. Thus, it reflects the complete labor content of output, including jobs indirectly supported in service industries. The base year of 2000 was chosen for this study because it was an approximate mid-point in the data covered in this study.

CPS data on employment by industry by was collected for each of the detailed sectors in the model. These data were used to calculate each state's share of national employment.

References

Bureau of Labor Statistics, Office of Employment Projections. 2007a. Special Purpose Files—Industry Output and Employment. Washington, D.C.: U.S. Department of Labor.
http://www.bls.gov/emp/empind2.htm.

Bureau of Labor Statistics, Office of Employment Projections. 2007b. Special Purpose Files— Employment Requirements. Washington, D.C.: U.S. Department of Labor.
http://stats.bls.gov/emp/empind4.htm.

Bureau of Labor Statistics. 2005. Access to historical data for the "B" tables of the Employment Situation News Release.
http://stats.bls.gov/ces/cesbtabs.htm.

Clinton, William J. 2000. Expanding trade, protecting values: Why I'll fight to make China's trade status permanent. New Democrat, Vol. 12, No. 1, pp. 9-11.
http://www.ndol.org/ndol_ci.cfm?contentid=965&kaid=108&subid=127

Faux, Jeff. 2007. Globalization That Works for Working Americans. Briefing Paper #179. Washington, D.C.: Economic Policy Institute. http://www.sharedprosperity.org/bp179.html.

Kletzer, Lori G. 2001. Job Loss From Imports: Measuring the Costs. Institute for International Economics. Washington, D.C.: IIE.
http://bookstore.petersoninstitute.org/book-store/110.html

Ratner, David. 2006. "Appendix: Methodology and Data Sources", in Faux, Jeff, Bruce Campbell, Carlos Salas, and Robert Scott. 2006. Revisiting NAFTA: Still Not Working for North America's Workers. Briefing Paper. Washington, D.C.: Economic Policy Institute.
http://www.epi.org/content.cfm/bp173

Rothstein, Jesse and Robert E. Scott. 1997a. NAFTA's Casualties: Employment Effects on Men, Women, and Minorities. Issue Brief. Washington, D.C.: Economic Policy Institute.
http://www.epi.org/content.cfm/issuebriefs_ib120

Rothstein, Jesse and Robert E. Scott. 1997b. NAFTA and the States: Job Destruction is Widespread. Issue Brief. Washington, D.C.: Economic Policy Institute.
http://www.epi.org/content.cfm/issuebriefs_ib119

Scott, Robert E. 2005. U.S.—China Trade, 1989-2003: Impact on Jobs and Industries, Nationally and State-by-State. Working Paper # 270. Washington, D.C.: Economic Policy Institute. January.
http://www.epi.org/content.cfm/wp270

U.S. Census Bureau. 2001. 2000 Basic Monthly Survey of the Current Population Survey. U.S. Department of Commerce, U.S. Census Bureau. Washington, D.C.: U.S. Department of Commerce.
http://www.census.gov/cps/

U.S. International Trade Commission. 2007. USITC Interactive Tariff and Trade Data Web.
http://dataweb.usitc.gov/scripts/user_set.asp.

Endnotes

1. These purchases financed about one-quarter of the U.S. $857 billion current account deficit in 2006 (the broadest measure of all U.S. trade and income flows). But for these purchases, the reduced demand would have put significant downward pressure on the U.S. dollar. A substantial depreciation in the dollar would begin to improve the U.S. trade deficit within a few years.

2. NewsHour with Jim Lehrer transcript. 1999. "Online NewsHour: Opening Trade—November 15, 1999."
http://www.pbs.org/newshour/bb/asia/july-dec99/wto_11-15.html.

3. See Ratner (2006) for a more complete, technical description of this model.

4. For the purposes of this report, it is necessary to distinguish between exports produced domestically and re-exports—which are goods produced in other countries, imported into the United States, and then re-exported to other countries, in this case to China. Since re-exports are not produced domestically, their production does not support domestic employment and they are excluded from the model used here. See Table 1 for information about the levels of U.S. re-exports to China in this period.

5. This model assumes that everything else is held constant and the results are counterfactual estimates.

6. See the methodology appendix for computational details.

7. Other studies—see California State World Trade Commission (1996), which finds 47,600 jobs created in California from increased trade with Canada alone—have allocated all employment effects to the home state of the exporting company. This is problematic, because the production—along with any attendant job effects—need not have taken place in the exporter's state. If a California dealer buys cars from Chrysler and sells them to China, these studies will find job creation in California. However, the cars are not made in California; so the employment effects should instead be attributed to Michigan and other state with high levels of auto industry production. Likewise, if the same firm buys auto parts from China, the loss of employment will occur in auto-industry states, not in California.

8. Industry-specific producer price indices are unavailable for certain industries between 2005 and 2006. In order to construct price deflators for all 200 BLS industries, we used a combination of commodity PPIs and industry PPIs. For instance, NAICS-based industry 3331 (which maps to BLS industry 72) is composed of agricultural, manufacturing, and mining machinery manufacturing. To compute a price index for this industry, a trade-weighted average of the commodity indices for agricultural machinery and construction machinery was used as a proxy for the industry PPI. Industry PPIs were used wherever available.


Outsourcing Not the Culprit in Manufacturing Job Loss
Wes Iversen
December 9th, 2003
Reprinted from:Automation World
Productivity gains spawned by factory automation are driving a worldwide decline in manufacturing jobs, even in developing nations, says researcher.

For many Americans, the word “outsourcing” conjures up images of manufacturing job decline. But the United States is far from alone in losing manufacturing employment, points out Dan Miklovic (shown above), vice president and research director at GartnerG2, the business research arm of Stamford, Conn.-based Gartner Inc. “Recent studies show that manufacturing jobs are declining everywhere,” said Miklovic, during a Nov. 17 panel discussion on outsourcing, part of a Global Media Summit sponsored by Rockwell Automation, Milwaukee.

Over the past decade, U.S. manufacturing jobs have declined by more than 11 percent, Miklovic noted. But at the same time, Japan’s manufacturing employment base has dropped by 16 percent, while the number of manufacturing jobs in countries including Brazil have declined by some 20 percent, he pointed out. “And one of the largest losers of manufacturing jobs has been China,” Miklovic added. “We like to pick on China and say that all of these jobs are going to China, but they’re losing jobs in manufacturing as well.”

The reason for the job losses? Miklovic summed it up in one word: automation. Through automation, he said, “we are really doing a good job of improving the productivity of people.”

Miklovic reminded media attendees at the panel session that 25 percent to 30 percent of the U.S. population was at one time involved in agricultural jobs. But today, only 3 percent of Americans work in agriculture, yet they have turned the United States into a net agricultural exporter, he noted. “The same thing is now happening in manufacturing,” Miklovic said. “Through automation, through improved productivity, we’re driving the number of jobs down on a global basis.”

Job loss in India

Confirmation came from another panel participant, K. Muralidharan, senior general manager for Sundram Fasteners Ltd., a major Indian automotive parts manufacturer. In India, he said, growing use of automation is holding down manufacturing job growth despite the large amount of outsourcing work that is flowing to the country. “I find that outsourcing in India has actually cost jobs in Indian industry, though in the long term, it will probably have a positive effect on employment,” Muralidharan said.

Manufacturing employment remains at about the same level in India today as it was during the recession of the late 1990s, according to Muralidharan. “The Indian economy is booming now, and it is predicted that in the next five years, the curve will only be upward. But still, the jobs and employment are not really growing at the same pace,” said Muralidharan. “The economies of scale that have been created due to outsourcing from developed countries have forced Indian industry to take on automation heavily, which was not the case about 10 years back,” he said.

GartnerG2’s Miklovic noted that the use of automation contributes to a cyclical situation in many industries. When a U.S. manufacturer develops a new product, for example, the company has first-mover advantage for a time. But in the next phase, when other manufacturers enter the market, competition often shifts to price. In response, some U.S. producers may move manufacturing offshore to developing nations, to take advantage of lower labor costs. However, said Miklovic, they frequently find that the level of automation and technology available in developing nations is less than that of the United States.

This means that U.S. manufacturers who then invest in sophisticated automation technology at home can gain the upper hand for a time over lower-priced imports, thanks to the higher quality product allowed by the automation, said Miklovic. But the automation technology used in the developing nations eventually catches up, giving products produced there the advantage, he added.

“We see this in semiconductors all the time,” Miklovic said. “Semiconductors typically have been produced in Japan and Taiwan. But now there is a booming semiconductor market that’s starting in China.” While the density and sophistication of semiconductor chips produced in China cannot yet match that of Japan and Taiwan, said Miklovic, China’s technology is moving in that direction.

“Automation only works for a period of time,” said Miklovic. The lesson for manufacturers is that they must continually reinvest in automation and innovation, he said. “If you stand still, ultimately you lose.”


Inetekk a USA company
Thomas Prendergast
Fall 2007
Corporate Site: Inetekk.com, Inc.
Inetekk was built in America by Americans!

All programming done by Americans
Sure it cost us more to build the Inetekk technology by ourselves and outsourcing to US programmers and US software developers. The prospect of sending our work abroad was never a consideration. Primarily doing so we lose the security of proprietary development to another country were we have little if any legal control regardless of how cheap that option could be. Then quality and communications is another factor, but we are also sensitive to doing business within our culture because of the process of getting what we are looking for and having the ability to have laws in effect that protect our interest in getting just what we are paying for.

Customer support by Americans
We are constantly getting offers to do our work at deep discounts by these foreign nationals, primarily India, but we are not cheap price motivated. Even our support service is run by Americans in America. We may ad to our support from Australia, but that is because they can offer the needed time frame for that region, not a cost consideration, so we can offer 24/7 seamless support for our clientele. Plus we have many Australian and New Zealander subscribers using our services and we love their accents.

Collocation in San Jose, CA USA
When we first started building the Inetekk systems, we went from a shared server in Florida to needing our own servers. We could have co located our servers in a foreign company for 1/3rd the cost but we realized by doing so our proprietary technology and secured databases would be at risk. Not a good idea. So we contracted with a well know company in San Jose. This was expensive but a very good decision. As the Internet has grown, the necessity to keep your data well secured is of the utmost importance and again, keeping this service local has proved to be a very good decision.

Servers built in USA
As we started building our server farm, again quality and service were the key issue. We went to a local shop in San Diego and hired them to build them. The first server, unaware to us, was built from foreign parts and within weeks the server started having failure issues. From then on we have demanded that all parts be US made as best we could and we have never had issues since. Our farm now runs with US made servers like NetAps, Intel, etc.

IT services by Americans
As with any server farm and web systems, having good IT professional's is imperative, and again, we hired US IT database engineers and server engineers. Same reason as our security is key and far more important than cost. For example, to use foreign IT services cost around $10 per hour. US costs are around $150 per hour. In my humble opinion, you get what you pay for.

The bottom line is future forecasting. I subscribe to the belief that our customers deserve the very best. Not only in the quality of the service, or the best customer support, but also security and the dedication to keep Inetekk around for the long run delivering the very best.

It seems the the big corporations in the US have lost sight to this fact and are all heading for serious issues as they continue down this road to losing control of their companies to the quest for seeking the lowest prices regardless. Take the Mattel toy company for example. Not long ago all their toys were US built. Today, they have lost major market share because the toys the sell now coming from Red China are toxic and low quality. It is scandalous that our children are getting toys painted with lead paint.

The future is at risk.

Thomas Prendergast
CEO
Inetekk.com, Inc.


Your job is secure if you are your boss
Bill Repp
October 14, 2007
Reprinted from: commercialappeal.com

Q: I've been out of work for nearly five months, and the prospect of getting a job in my field (mechanical engineering) doesn't look good -- unless I want to move my family across the country. I've always wanted to have my own business, but I'm worried about the comparative lack of job security that goes with it. What's your opinion? I'm over 50 and in good health. -- Deidre N.

A: You have a lot going for you: you've always wanted to have your own business, you're over 50, and you have good health. Security? You don't have it now, and you didn't have it when you got laid off. I don't think there's anything more secure today than working for yourself. Companies will cut any costs they have to just to stay in business, and the popular trend for the past several years has been to cut staff -- fast. And consider this: when you work for someone else -- big company or small -- only a few people -- your boss and one or two more managers -- control your future security. But with your own business, if you lose a few customers, you still have others to back you up. I've always thought that having my own business gives me more security, not less, than I'd have if I worked for someone else.

Another stunning fact of life: at 50, you're more likely to be more successful at hiring yourself than trying to convince someone else to do it. Fortune magazine once ran a cover story: "Finished at Forty," detailing the corporate trend of hiring younger people. As one CEO put it: "Why should I hang on to someone who's over 50? He's tired of the long hours and wants to spend more time with his family. He probably hasn't kept up with the newest technology. I have to pay him $75,000 a year or more, and he argues with me. I can hire someone in his 30's and pay him $35 to $40,000. He'll work 60 to 70 hours a week without complaining, and he won't argue with me. This is a no-brainer."

What Do YOU Want?

My best advice: do what feels right for YOU. When you're motivated and committed to a career you really like, the money and security usually take care of themselves. There's a big difference in putting in 50-60 hours a week into a job you love, and one you just feel so-so about. If you don't look forward to going to work when you get up in the morning, you're in the wrong job. Life is too short to work at a job you don't like.

Think carefully about how you want to spend one-third to half of the rest of your life (your waking hours). It you really think it's time to have your own business, then write your answers to these questions. They'll also form the foundation for a good business plan -- an absolute must if you want to succeed.

How would you describe your business (name, location, product/service?)

How would you describe your total target market -- the customers who will be willing to pay you for your products/services?

What industry, local, or consumer trends or needs will you react to?

How would you analyze, and then describe your competition (how many; current prices; their strengths/weaknesses)?

What are your marketing and business goals?

What are your first-year growth problems -- and how will you solve them?

What finances will you need to start the business and keep it going until it can stand on its own? How will you get them?

What's your operating plan for the next five years? (At least half of the new businesses started each year fail within the first 12 months. You must plan for a long-term business.)

What's your management plan to control and develop your basic operation/service?

What equipment, inventory, labor, space, overhead do you need?

Talk to Your Banker

Once your business plan is ready, prepare your personal financial statement (all your assets and liabilities). Next. prepare a projected balance sheet and profit and loss statement for your business -- at least for the first year. Then it's time to meet with your banker.

A good banker can advise you on the likelihood of your succeeding in getting a loan. He or she can point you in the right direction to get additional information. An excellent source for learning about starting your own business is on-line: Search for "sba.gov" and you'll discover a site that has all you need to know to write your business plan and finance your business. You'll even have models of nearly 100 business plans to study and benefit from. The rest is up to you -- and your energy and commitment.

Bill Repp is president of Organization Development Group, and has extensive experience in creating and delivering programs in marketing, communication, team building and business writing. E-mail Bill Repp at billrepp@rochester.rr.com


Testimonials
Inetekk Systems
November 09, 2007
Hear them live:
Sohomatic Back Office
NOTE: All of these testimonials are recent and unedited
When you subscribe to the Sohomatic back office you will be able to meet many of these people and hear their recorded meeting talking about what this system has done for them.

Butch Hamilton


My name is Maria Angelozzi. I signed up previously, as a Silver member and was truly, amazed with what the system has to offer . I want to Thank Thom, and Mike, for putting such a Wonderful system together, and allowing others to share in this Wonderful Opportunity! I also, want to Thank the Trainers, they are all Wonderful! :)

Thanks Again,
Maria Angelozzi


I became Gold Veretekk member in April 2007 and just recently started working on SEO. Today I got #20 out of 438 million for submit or post on Google, #1 for submit or post classifieds out of 56.7 million and for submit or post classified I got #'s 1,2,5,21,26,27,39,41,45, and 46. I get good results also for submit or post classified ads, submit or post classified ads free, and submit or post classified ads free, online.

For the keywords free premium email leads I have the first 5 returns and the 10 return on page 1 of Google. I am anxious to see what this will start doing for me. This really is working!

Lonny Heiner


I am amazed at finding my website at the top of the list in Google. Try keywords "premium leads verified" to find my press release and my PremiumLeads.biz website. I also use the Veretekk SEO training to get my wife's website at the top for the key words "art and fine craft front range". Her website is Rosahnda.ws I thnk Veretekk is the best in teaching SEO and I do not find anyone else doing it. Other website builders give me the feeling that it is "optional" and they do not tell you where to get the training. Score a big one for Veretekk!

Ron-Smalley


Veretekk Internet Marketing At Its Best

Today I had a pleasant surprised whilst researching for an article on the importance of personal branding to improve SEO results. I discovered that as a result in putting into practise what is preached by the trainers in Veretekk and by use of the Veretekk Search Engine Marketing Portals it is possible to get prominent positions in Google.

I was a Silver Veretekk member for two years before I discovered the power that lies within the Veretekk Marketing System. It is not an easy system to understand but with the expert help of trainers such as Butch Hamilton and Leo Silvestri, I began a journey which is leading me on the road to my goals.

My business is growing with out having to send out emails, surf for hours, join traffic exchanges and safe lists. My sites are taking on a life of their own and people are contacting me, and as this success is growing, I am able to pass on what I am learning to others and it is most rewarding.

I still have much to learn in this ever changing Internet world but can honestly say there is nothing to match the Veretekk Marketing System

David Ogden


There are more, a lot more, but you get the picture.