Next week breakout levels which you can compare with last week breakouts.

For details see: http://www.2hedge.com/mmevbo.html 

Fed Laundering Money through the Big Banks Into the Stock Market.

Interesting:

http://www.marketoracle.co.uk/Article12507.html

The US fiscal outlook is even bleaker than the Government forecast earlier this year:

http://www.nytimes.com/2009/08/26/business/economy/26deficit.html?_r=2&hpw

 and what it means for the Dollar !

http://finance.yahoo.com/tech-ticker/article/311525/The-Dollar-Will-Fall-The-Only-Question-Is-%22When%22?tickers=udn,uup,tbt,tlt,dxy,spy&sec=topStories&pos=9&asset=&ccode=

Very interesting article about possible new U.S. Bank failures:

http://www.cnbc.com/id/32532937

Many traders using the early European Breakout and there are also many ways and strategies to trade it.

Some use a portion of last day/week range (volatility) to add or subtrack to/from the close of that day/week  (NY 4 PM) or to/from the early European open.

Below a simple solution for the weekly breakouts of the four major currency pairs.

Very important are the stops, risk levels and stops.

For more look at: http://www.2hedge.com/mmevbo.html 

Just a view in Daily/Weekly (boxes) EUR/USD,

On Monday, one week ago, the close was below the previous weekly low, so another warning of a possible change as seen in earlier weeks.

The Composite line however is not yet broken and even with today’s move nothing has changed.

Only a close (NY 4 PM) above the previous weekly high will change that picture.

The Composite line is a Price &Time calculation and in this case used for hedging long term currency risk.

Billions spent on this, Billions spent on that.

It’s all relative right ?

It’s time to accept that home ownership is not a realistic goal for many Americans.

http://online.wsj.com/article/SB10001424052970204409904574350432677038184.html

Regulators Friday shut down Colonial BancGroup, a big lender in real estate development that marked the biggest bank failure this year, boosted the number to 74 failed banks in 2009 !

http://apnews.myway.com/article/20090815/D9A30GHG0.html

Borrowing by U.S. consumers dropped in June for the fifth straight month as the unemployment rate rose,
getting loans remained difficult and households put off major purchases.
Consumer credit fell $10.3 billion, or 4.92 percent at an annual rate, to $2.5 trillion,
according to a Federal Reserve report released today in Washington.
Credit dropped by $5.38 billion in May, more than previously estimated.
The series of declines is the longest since 1991.

During eight years of the Bush Administration, the 400 richest Americans,
who now own more than the bottom 150 million Americans, increased their net worth by $700 billion.
In 2005, the top one percent claimed 22 percent of the national income,
while the top ten percent took half of the total income, the largest share since 1928

A jobless rate near the highest in 26 years,
stagnant wages and falling home values mean consumer spending…
will take time to recover even as the recession eases.
Incomes fell the most in four years in June as one-time transfer payments
from the Obama administration’s stimulus plan dried up, and unemployment is
forecast to exceed 10 percent next year before retreating.

Over 40 percent of GNP comes from Fortune 500 companies.
According to the World Institute for Development Economics Research,
the 500 largest conglomerates in the U.S. “control over two-thirds
of the business resources, employ two-thirds of the industrial workers,
account for 60 percent of the sales, and collect over 70 percent of the profits.”