| Using CCI and Stochastics For Long and Short Term Forex Trading
Sam Seiden brings over 15 years experience of equities and futures trading which began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and internationally.
Sam has been involved in the markets since 1991 both on and off the floor of the Chicago Mercantile Exchange. He has served as the Director of Technical Research for two trading firms and regularly contributes articles to industry publications. Sam is known for his trading, technical research, and educational guidance. Software instructions HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions.
CME bid spurs fears of merger monster
THE commodities boom is intensifying the merger mania among the world's financial exchanges. But the $US11 billion ($12.4 billion) bid by CME Group to acquire Nymex Holdings may fuel worries that consolidation is leaving the survivors with too much power. A purchase of the 135-year-old New York Mercantile Exchange's owner by CME, parent of the Chicago Mercantile Exchange, would create the largest exchange in the world, with a stock market value of about $US45 billion. And acquiring Nymex's crude oil futures, one of the largest commodity contracts in the world, would fill the last major hole in the 110-year-old Chicago exchange's product line-up, while squeezing remaining rivals in the energy market. The deal also highlights some unsettling consequences of the global scramble for alliances and market share in trading financial securities.
Blago revisits old ideas for budget
These leaders know we need to act now to strengthen the economy. We know it too. The idea of giving parents more money to help pay for the things their kids need is exciting. The idea of cutting taxes on businesses, that are already paying more than their fair share, is good policy. The idea of a major public works program that puts hundreds of thousands of people to work, in every part of Illinois, what is not to like? All of this is a way forward to help families and strengthen our economy. But like most things in life, nothing good worth doing comes without some sacrifice. To give families and businesses more of their money back, we have to cut spending. These spending cuts will allow us to cut taxes and get the economy moving. The sacrifice I am suggesting is a 3 percent spending cut across the board, in areas outside health care, education, and public safety.
Xstrata on receiving end of $80bn takeover deal
Vale, the giant Brazilian miner, is days away from unveiling an agreed takeover bid for Swiss-based rival Xstrata worth over $80bn. A deal could be announced as soon as this week, but some banking sources have cautioned that turmoil in the credit markets means the Brazilians might need more time to secure the necessary financing. Vale, formerly known as CVRD, is expected to provide about half the capital in cash. It will issue the remainder in preference shares. These will be offered to Glencore, which owns 35 per cent of Xstrata, leaving the Swiss commodities trading group with a sizeable stake in Vale. The Brazilian company has a market value of $122bn. The takeover would be the biggest that Xstrata's chief executive, Mick Davis, has pulled off. But it would be the first time that he has been at the receiving end of a deal.
Rule change opens whole new world to investors
Not everyone is as bullish. Laura Wallace, managing director of the Coleford Investment Fund in Toronto, believes the Canadian market's recent performance has lulled investors into the mistaken belief that they don't need much foreign content. She says it's important to diversify - not just geographically, but by industry. "A lot of industries just aren't available here," she says. "I'm referring to health care and large global pharmaceuticals, and consumer-staples companies. We focus on large multinational corporations, and we just don't have companies that size here at home." Multinationals do business around the world - they give investors exposure to foreign markets and currencies without the risk of direct investment. It also means these companies have a better chance of doing well even if the American markets do not.
Issues 2008
Supply figures since credit markets froze are even more telling. Volume between July and December slumped 72.5% and reached a five-year record low for a half-year supply..." January 3 - Financial Times (Paul Betts): "Last spring, the Spanish property developer Astroc started the ball rolling. Its debt servicing problems triggered the first serious plunge in the shares of Spain's financially over-stretched property and construction companies. Before crashing, Astroc shares had increased 10-fold since first listing in 2006. Its chairman, Enrique Banuela, who had been catapulted into the Fortune 100 list of the world's richest tycoons... Then, in the autumn, it was the turn of Llanera to bite the dust.... Now, it is Colonial, another small property fish that has grown by aggressive debt-financed acquisition into the country's second biggest property group...
Why the Debt Crisis Is Now the Greatest Threat to the American ...
Second, we continue to believe that we can compensate for the accelerating erosion of our manufacturing base and our loss of jobs to foreign countries through massive military expenditures — so-called "military Keynesianism," which I discuss in detail in my book Nemesis: The Last Days of the American Republic. By military Keynesianism, I mean the mistaken belief that public policies focused on frequent wars, huge expenditures on weapons and munitions, and large standing armies can indefinitely sustain a wealthy capitalist economy. The opposite is actually true. Third, in our devotion to militarism (despite our limited resources), we are failing to invest in our social infrastructure and other requirements for the long-term health of our country. These are what economists call "opportunity costs," things not done because we spent our money on something else.
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