JDFN Financial Network

March 2009 Blog Posts (7)

thursday 3 26 2009 economic outlook

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.3 percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter),

In the week ending March 21, the advance figure for seasonally adjusted initial claims was 652,000, an increase of 8,000 from the previous… Continue

Added by Adam Horak on March 26, 2009 at 9:03am — No Comments

Dollar collapse continues today

Dollar collapsed yesterday following Fed's announcement to ramp up the money printing machine to purchase up to $300b of long term treasury securities and expand purchase of mortgage backed securities by $750b and agency debts by $100b. The selling in dollar subsided a bit in Asian session but after all, the greenback is still under tremendous pressure against major currencies. On the other hand, yen crosses are generally lower today on profit taking and repatriation flows as well as talk that… Continue

Added by Adam Horak on March 19, 2009 at 12:55pm — No Comments

Can't See the Forest for the Trees

We have all heard that old adage and this old saying fits just about every situation we experience in our lives but none more than right now. As our economy continues to suffer, so do all of us. Some of us are business owners and some of us serve. Some of us are employed but to the individuals who are currently unemployed the message is very simple - - you just have to keep moving the ball along. Every day is a new challenge and, if it’s done right, the ball moves forward inch by inch and… Continue

Added by James Dicks on March 18, 2009 at 2:42pm — No Comments

money management


Most beginning traders believe that a good entry into the market is the key to success. Unfortunately most are very wrong. Money Management is by far the most important criteria of trading, whether it’s stocks, futures or FOREX. Every successful trader will agree that managing your trades correctly is the #1 key to consistent profits.

Loosing a trade or several trades in a row is just part of trading, period! Having a plan and trading your plan is key to… Continue

Added by Adam Horak on March 17, 2009 at 3:25pm — No Comments

monday and tuesday outlook

• USD starts firm in Asia, weakens into Europe

• G-20 seen as a disappointment

• Volumes light and technical trade continues

Today’s Economic Reports

All times EASTERN (-4 GMT)

• 8:30am USD Empire State Manufacturing Index

• 9:00am USD TIC Long-Term Purchases

• 9:15am USD Capacity Utilization Rate

• 9:15am USD Industrial Production m/m

• 1:00pm USD NAHB Housing Market Index

Looking Ahead to Tuesday

All times Eastern… Continue

Added by Adam Horak on March 16, 2009 at 12:56pm — No Comments

walking through a trade.

trade set up. entry point, stops, adjustments and profit target.

Added by Adam Horak on March 4, 2009 at 11:04am — No Comments

Know Your Credit

I was sitting around this weekend, and as I often do, I check my credit reports. I try to examine my credit reports at least once a month; that seems like a lot and probably is for the average consumer. But for me my credit standing is vital for my business and its success.

I am probably not the best person to talk to about credit, or at least the credit bureaus; since I believe the credit bureaus are the biggest scam of all. I mean they give you one free credit report a year so you… Continue

Added by James Dicks on March 2, 2009 at 8:02am — No Comments

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