August 29, 2012

Crude Oil Inventories and Hurricane Isaac up-graded

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The James’ Report:  Day Trading Strategies for Professional Traders

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OPPORTUNITY; every day is a new opportunity to learn from the markets we trade, earn income for our family, and provide generations to come with opportunities to do the same.  Most people can see the opportunity that being a professional trader can bring.  Not only are we able to work our own hours, in any location we chose, but the most important thing to a trader is our freedom to control out own destiny.  The markets never close, the opportunities will never stop coming, unlike many other industries where you may be tied to someone else’s decisions every day.  As a professional trader we appreciate both the financial and personal freedom that it provides not only us, but our children for generations to come. 
News from Europe & Asia for US Morning Session:
– ECB’s Liikanen: policymakers should carefully consider comments on euro; Europe half way thru crisis
– Renewed speculation that the EU/IMF/ECB Troika might relax Portugal’s 2012 deficit target to 5% from the current 4.5%
– Hurricane Isaac makes landfall in SE Louisiana
– IEA head: no need for an SPR release at the moment
– Following the mixed open, most indices are trading in negative territory amid weakness in banks and resource-related firms. The equity underperformance has been led by the German DAX and French CAC-40. The declines in the equity markets has come amid the rise in peripheral bond yields and as China’s Shanghai Composite closed at the lowest level since Feb 2009. Additionally, markets have traded cautiously ahead of central bank commentary out of the Jackson Hole conference due later in the week. Fed Chairman Bernanke is due to address the conference on Friday. 
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