Making Money Online : Forex Signal - 24th June 2007
June 24, 2008 – 11:16 am
Hola Folks,
Glad to be back after a long time. I know, i know, i ain’t doing justice to you guys by just keeping the good stuff to all people on my list and not my readers of this blog. I promise to be back and this time to be more consistent as well giving you straight churning hot stuff right from the forex market.Not the gaga-bs talk, but from someone who walks the talk and takes the trades as i do it, every single day. Stay with me.
As for news trading, today is an off day. Nothing much to trade except the Consumer Confidence report at 10am EST. This report has not been doing well lately, and with the market rather caught up with its own mood swings, i would rather not pick this trade.
Talk to you guys again tmw.
Cheers,
Seeni
Making Money Online : Forex Trading Outlook - 21st Apr ‘08
April 21, 2008 – 11:22 am
Goooodd mon morning folks. It is a fabulous week and morning here in Singapore. I hope you have had a great weekend and lets see what the market has to offer as of the last closing days of last week and this week ahead.
We were last watching the компютриCAD Core CPI m/m report. We were expecting a deviation of 0.2% on this release but the deviation only came out at 0.1% which wasnt enought to guarantee a safe trade. We therefore didn’t enter any positions with this new release.
For today, we have no tradeable indicators coming out. All the reports are lukewarm and nothing really that could shake the market in any direction. So take a break off for today and watch out for my forecast tomorrow.
USD review and outlook:The USD had a surprise jump last friday, renewing strong interest and risk apetite with most investors/traders, esp on the USD bullish trend. I believe that the FED’s opposition to any further interest rate cuts somehow signalled the end of the road for the neverending series of interest rate cuts and possibly the fight against recession. As i have mentioned before in my posts, i feel that the problems with sub-prime and the US economy have been in the making for years now and the very problems that caused the economy to boom are the same problems that are causing the problems right now. I also don’t feel that the end is here and neither is it anywhere near. Therefore, this short term reversal could be renewed interest in anticipation for firms that are facing the falling US$ value hammer and perhaps spark some short term spike in growth.
On the flipside, the stockmarkets did pretty well though. Most of the major international stocks, such as CitiGroup, Google, Caterpillar and Honeywell, did better than expected, showing their resilience to perform well under all market conditions. The broader S&P 500 posted its best week since February as the index rose 24.77 points to 1,390.33, with 213 stocks hitting a new 52 week high.
This week, we have BOC, BOE and BNZ minutes and review reports coming out. I somehow feel that there won’t be much changes at the moment for the tones are pretty hawkish with most industries and in turn economies.
Take care & God Bless,
Seeni
Making Money Online : Forex Trading Review - 17th Apr ‘08
April 17, 2008 – 11:13 am
Heya people, sorry to open the post on a negative note but i have to start it with a big “yaaaaaaawwwwwwwnnnsss”. Well, why i am throwing tantrums again? You see, i can’t even remember when is the last time we hit a tradeable report. The NFP about 2 weeks ago was a close call but everything else from then on has just under-performed. Well, forgive my antics, here comes the factual stuff.
We were watching the US Core CPI m/m report. It was a perfect forecast and news release at 0.2% and with absolutely no deviation, and if you haven’t already realised by now, it was a no trade. As expected, the market hardly reacted with such a stale number release.
What is happening today is that we have the Core CPI m/m report of CAD and the Unemployment Claims report of the US coming out. We will be focusing on the Core CPI m/m report of Canada. This report is the derivative of the Consumer Price Index (CPI) that excludes the eight most volatile items, including fruit, fruit preparations and nuts, vegetables and vegetable preparations, mortgage interest costs, natural gas, fuel oil and other fuel, gasoline, inter-city transportation, and tobacco products and smokers’ supplies. CPI with the exclusion of these volatile components is thought to be a better indicator of the underlying inflation trend and the central bank uses it as their primary inflation gauge, aiming to keep it at an annualized rate of 2%.
This report will be released at 0700 hrs NY time, 1900 hrs, SGT time. We will be looking for a deviation of at least 0.2% to enter this trade. I am getting conflicting consensus of 1.4% and 0.3% on this report. I am sure this will be more clearly defined as it gets closer to the report release time. For our records, we shall just take an example based on 1.4% consensus. Therefore, if the indicator is released at 1.6% and higher, it will be good for the CAD and you can go short on USD/CAD. If the report comes out at 1.2% and lower, it will be weakening the CAD and you can go long on USD/CAD. You may also use EUR/CAD to trade this news.
As always, best of luck for your trades.
Take care and god bless,
Seeni
Making Money Online : Forex Trading Review - 16th Apr ‘08
April 16, 2008 – 10:29 am
The last news report we were watching was on the UK CPI y/y report. The expected number on this was to be at 2.6% and the actual numbers came out at 2.5%. The 0.1% deviation was not good enough to move the price level dramatically enough and true enough it didn’t. As we were expecting a deviation of 0.2% at least before we can enter the trade, this was a no go and we didn’t place any trades on this speculation.
For today, Apr 16th, Wednesday, we have 2 tradeable reports coming out. We will be focusing on the US Core CPI m/m report. This report is the derivative of the Consumer Price Index (CPI) that excludes the Food and Energy items. Food and Energy account for roughly 25% of CPI, but they can be very volatile from month to month and can distort the overall picture. CPI with the exclusion of these volatile components is thought to be a better indicator of the underlying inflation trend. You can therefore understand the importance of this report and our deviation range of 0.1% shares how sensitive the market is to this report.
Therefore, any deviation of 0.1% either direction is safe enough for a trade to be placed. This report will be released at 0830 hrs NY Time, 2030 hrs, SGT time. With the number targeted at 0.2% as the forecast, a release of 0.1% and lower should be weak for the dollar and you can long GBP/USD. If the report is released at 0.3% and higher, it will be good for the dollar and i feel that you can go short on GBP/USD.
I will be using USD/JPY to trade on this pair though due to spread levels at these times on the cable. Good luck for your trades.
Take care & God bless,
Seeni
Making Money Online : Forex Trading Signal- 15th Apr ‘08
April 15, 2008 – 10:18 am
It is the 15th of April, Tuesday afternoon, 2008 folks. I wanted to get a sense of the timing and bearings right so i had to stress the date and day of the month it was today. Honestly, it has been sometime since we really hit a home run with a solid tradeable indicator that would give us a nice fat payout. Unfortunately, whatever has been happening is over exxagerated or extremely flat moves with an already sensitive market that just about doesn’t provide any tradeable numbers. Well, lets not despair. As i have always said, it is better to have no opportunity than to lose your money. As always, i have mentioned, whenever we enter a trade, we will definitely be profitable. Unless of course you are overruled by your emotions. 
The last indicator we were watching was the NZD Consumer Price Index (CPI) q/q report. The agreed number was at 0.9% and we needed a deviation of about 0.3 to trigger any trade. However, it came out only slight positive, at 0.7%. There was a slight drop of about 10 odd pips but nothing more than that. This is officially a no trade.
Today, we will have the UK CPI y/y report coming out. The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services. This report will be released at 0430 hrs, NY Time, 1630 hrs, SGT time.
The consensus on this indicator is expected at 2.6%. If there is a deviation of about 0.2%, i feel that you can enter a trade safely. Therefore, if the number comes out at 2.8%, it will be strengthening the cable and you can go long on gbp/usd. If it comes out at 2.4% and less, you can go short on GBP/USD.
Good luck for your trades,
Take care & God bless,
Seeni
Making Money Online : How Good Are You in Your Field?
April 14, 2008 – 7:21 pm
It is always necessary to know how well you are doing in your genre of web publications. If you would be maintaining a travel related blog or a blog with technology based news, it is obvious that you would need to understand what the common trend of traffic reach is in your specific field. You also will not be able to get a fair value with the thousands or if not millions of websites around in your area of interest, let alone not being able to know the exact traffic score of each of these sites, to get a n aggregated value throughout.
Well, what if you could have a single datasource that will automatically aggregate all these data for you and share it right at your own traffic analytics place? Well, that is what exactly Google Analytics has done with its latest benchmarking feature addition to its already impressive suite of services.
As you can see, if you choose to share your traffic data with google, your traffic data will be aggregated in your topic of web presences and you can possibly set that as a benchmark for you to work towards to? To enable this, simply login to your account and go to Visitors > Benchmarking(Beta). Google then aggregates all data for the last 30 days and presents you with the relevant number. Since not all sites might be participating in this program, the data might not be exactly representative but it should give you a fair idea.
Of course, if you are miles away in a hugely competitive industry, like that of internet marketing, take heart for visits alone is not all that matters. You have to have good relationships and constant communication with your readers.
Do you think this feature is useful or how it can improve your site’s visibility? Comment back to me!
Take care & God Bless,
Seeni
Making Money Online : Forex Trading Review - 14th Apr ‘08
April 14, 2008 – 11:59 am
We didn’t really have much happening last friday, and the last tradeable opportunity that we were watching was the CAD Trade balance on last Thursday. The market hardly reacted for this indicator even though the indicators deviation did hit our expected margins. It came out at 4.9, about 0.7 higher than our expected margin at 4.2 for the CAD to strengthen, and true enough the EUR/CAD pair dropped about 20 odd pips. It hardly even inched with the USD/CAD pair, which we chose to avoid due to multiple reports being released at the same time on the USD.
I didn’t make much money there, took about 7 pips as i did enter the trade but i pulled out quickly as the move was dovish.
Next up for Apr 14th, Monday, we have a total of 6 reports coming out. Rather surprising for a monday but most of the news i feel are not tradeable or are of impact that cannot feed our risk apetite. As such, i will only pick 1 news indicator which is the NZD Consumer Price Index (CPI) q/q report. The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services.
For this report, the timing will be at 1845 hrs, NY Time, 0645 hrs, SGT time, 15th Apr. For this report, we are expecting a number at 0.9%.If the deviation is more than 0.3 on either side, i will advise you to enter the trade. If the number comes out at 1.2% or higher, it will be strengthening the Kiwi and you should go long on NZD/USD. On the flipside, if it comes out at 0.6% or lower, you should go short on the NZD/USD.
Good luck for your trades, talk to you again tomorrow.
Regards,
Seeni
Making Money Online : The MicroHoo Drama continues, in comes Google
April 13, 2008 – 1:21 pm
Well well well, looks like the Microsoft and Yahoo acquisition is more interesting than the forex market these days. If you haven’t been following what has been going on in this corporate drama, read my entire post of that here; “Shame on you, Microsoft“.
Well, if you thought that was exciting enough, listen to what happened this week. As if the entire season of The Sopranos can be summarized into one episode, that cannot be this exciting. Hehe, perhaps a bit exaggerating, but just read on what happened this week.
Thanks to the folks at cNet for this lovely diagram. I cannot have narrated this any further.
So, in narration, after the three week deadline that Microsoft had given Yahoo! to agree to its takeover bid(with no room for negotiation whatsoever). Yahoo! decided to try some of its search results with Google.
Google of course is Yahoo!’s biggest competitor and much more of a rival for Microsoft.
Microsoft therefore sensing its cards being played back on itself, it went to ask for help from News Corp, to put pressure as well as increase its bid to acquire Yahoo! Oh, and News Corp own’s MySpace by the way, so that can also be thrown into the equation.
And on Yahoo’s end, it might be looking at buying over AOL in exchange for a large investment into the entire conglomerate from AOL’s parent company, Time Warner.
Well, are you in a bit of daze of what is going on and how it will all shape up if this merger or any part of this bit deals were indeed to go through? Well you are not alone, i am just as confused, pulling my hair out!
Lets keep watching, this is getting rather interesting. At the last trade price, Yahoo’s shares closed at a price of $28.34, a 0.21% price rise.
Take care & God bless,
Seeni
Making Money Online : Forex Trading Signal- 10th Apr ‘08
April 10, 2008 – 11:50 am
We have a very exciting day lined up for today. There are about at least 7 hot reports rolling out of the various countries today. As always, i will only trade the really good ones and though there is more than 1 today, i will pick the more safer and possibly better trade to cash in on.
Before that, we had absolutely nothing tradeable yesterday. As mentioned, there could have been a speculative buy on AUD/USD for the AU employment change indicator. It came out positive and there was a short spike of about 40 pips. I didn’t trade this, so i hope you made some money on it.
For today, as mentioned, we have 7 reports coming out. My screenshot of Forex Factory reads like this;
I have already highlighted those in yellow that i feel would definitely be worth trading.
As there are a total of 4 reports coming out at the same time at 0830 hrs, there might be conflicting data. This might not make a single number on the US trade balance so simple as other conflicting data might also influence it and this can cause lots of butterfly moves, with no specific direction. Due to the volatility and assumed unpredictability that this brings, i will not be trading on the US Trade balance indicator. Though it is the fattest of the lot, i will still give it a miss.
Therefore, we will be focusing on the Canadian Trade Balance at 0830 hrs, NY Time and 2030 Hrs, SGT time. As this is the only indicator that is coming out of the US with a distinct number report, i will trade it without a US cross pair, hence the EUR/CAD pair. The CAD trade balance measures the difference in value between imported and exported goods and services. We will be looking for a deviation of 0.8-1 on either side to enter the trade conservatively. The consensus on this report is at 3.4. Therefore, anything below 2.6 should be weak for the CAD and i feel that you can long the EUR/CAD pair. Likewise, anything about 4.2 should be strengthening the CAD and i feel that you can go short on the EUR/CAD pair.
This report has been safely tradeable over the last few months and at least produced 15-45 pips range movement. So good luick for this folks.
Take care & God Bless,
Seeni
Making Money Online : Theme Tester
April 10, 2008 – 9:55 am
Ever got tired of your blog theme and had wanted to change it? You have your dream theme selected and ready to change it to become the active theme of your blog but afraid of how it will eventually look? Then you quickly switch it active. take a quick “peek” at your blog and then immediately revert back to your old theme before you feel that your readers might start puking?
Well, not to worry, here is the perfect solution. There is a plugin which is called Theme Test Drive. You can easily upload this plugin onto your wp-content/plugins/ area and it will bring up an option under your “Presentation” header option which should now have an extra sub-header menu option called “Theme Test Drive”. Once you choose this option, it can easily allow you to change your wordpress blog theme to any theme that is uploaded in your wp-theme folder.
The best part is, only the admin logged in(yourself) will be able to see this new theme when you visit your blog. All other general public will only see the already set theme as it was before. They will not notice any changes at all. Pretty cool ey?
Simple Steps to Enable Theme Test Drive plugin
1) Download the plugin from here
2) Upload it into your wp-content/plugins/ folder
3) Go to your wp-admin area and activate the plugin under your “Plugins” header option
4) Once activated, go to Presentation -> Theme Test Drive
You should see an image like this on the left.
5) Choose the theme that you like and preview happily. Once you like the theme and ready to show it to the public, just activate the theme as you normally would.
Hope you liked this tip, drop me a comment in exchange?
Take care & God Bless,
Seeni