1st on Forex: For Your Trading Success by 
By Jerry Furst- Sr Analyst “1st on Forex” www.Investors-Education-Network.com
Dr Evil from Austin Powers only asked for a few hundred million
The good news may be that with this much desperation, perhaps we are closing in on the bottom. A test and bounce off of the November lows for the S&P would be nice… Let’s face it Two Trillion Dollars can go a long way – at least it used to… You just think that they would know what they are going to do with it!
On Tuesday Barack Obama fielded questions at a Town Hall meeting in Fort Meyers Florida – by a homeless woman looking for her own bathroom, an unemployed man who was looking for his full paycheck to be provided by unemployment insurance, and a part time McDonalds employee looking to get a “real job” as a broadcasting disk jockey…
US Treasury to “Stress Test” Banks
What does that really mean? The US Treasury Secretary stated it was to be interpreted as a medical term. Does this imply that the smaller regional banks – (the ones that do not have Government medical insurance – the ones small enough to fail) will be subject to the stress and strains of the market – and allowed to hit the floor?
Pass the Preparation “H” Please
Tim Geithner, Ben Bernanke, The heads of the US Banking System, The US Congress, the New President Barack Obama, The Media, The late night pundits, the bloggers, and the general public - We All have been sitting in the “Hot Seat”
Don’t Smirk Europe – The G7 Meets this week – We will pass you the tube!
Accusations of Nationalism and Protectionism is flying across Europe. Puttingthe Euro and the European Union on a stress test of it’s own… can this 10 year old, un-ratified union stand the strain?
My friends… as Jon Stewart on the Daily Show Stated…. “We are ———-“!
In the Mean Time…. Gold and the Dollar
The US Dollar is still a place of safe harbor – for now – But Gold is Inching upwards towards $1,000.
Gold ETF - GLD Daily Chart - (Click to Enlarge) Pushing Through Resistance with a nice upward trend channel.
EUR-USD Daily Chart (Click to Enlage) Head and Shoulder Pattern - maybe - maybe not - but theer’s a nice supporting trend line.
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Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients
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Very good name for the article!
You point at very important subjects to think about… Thank you again Jerry!
Thanks for your comments on my comments LR - Sometimes I feel that those traders that only look at the charts may be on to something…. To rush a trillion dollar spending bill through congress is ____________ (fill in the blank)
Have a great weekend
Happy Pippin
Jerry Furst - “1st on forex”
So risk aversion and strong YEN will be back on tape next week?
Regards,
G.
Japan’s GDP numbers and economy are looking dismal. Safe harbor and risk aversion on the tape? That’s a good general statement - The G7 did not seem to communicate any “bright ideas” - Time will tell = and it wll be displayed on the charts….
J 1st “1st on Forex”