Who Are Wall Street Rock Stars?
Actively trading the markets is extremely stressful and oftentimes, traders–even those with years of experience–make irrational decisions as a result of this stress. Wall Street Rock Stars are on the top of their game though, banking mad profits every day. On WallStreetRockStar.com you will find REAL information and real trading ideas for and from REAL Wall Street Rock Stars. - Mark Whistler
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Forex and Stock Market News via WallStreetRockStar.com
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Take a Step Back From the Market | | THE FINAL NUMBERS GIVING UP HOPE
NEWS: The markets today look as if they would rebound off the lows and bounce from the 2002 lows. That is until government officials began to speak and the Dow went from unchanged to down 444 points when the closing bell rang. | | 11/20/2008 8:02:51 PM |
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Pick of the Day: USD/JPY - Trade Adjustment | Finally seeing some action in the currency markets, and after another disappointment in US initial claims, USD/JPY fell this morning and hit my first profit target at 94.50. Half my position is | | 11/20/2008 9:50:39 AM |
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FX Correlations Surge on Risk Aversion | | Since the credit crisis heated up several months ago, the theme of risk aversion has predominated in equity markets. This is also true in forex markets, where deleveraging and a shift to perceived investing "safe havens" has led to a collapse in the carry trade, leading to a sharp rally in both the Dollar and Yen. In fact, the recent rise of these two currencies has coincided remarkably with stiff declines in the prices of virtually every class of risky asset.Read More: Currency Trading Markets Remain Highly Correlated to Dow Jones, Crude Oil Prices | | 11/19/2008 12:08:00 PM |
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Fed's Hands Are Tied | | It's a little-known fact that the US Federal Reserve Bank does not actually set interest rates. As a result, there is often a discrepancy between the "suggested" Fed rate and the actual rate. Since the onset of the credit crisis, this gap has widened considerably, such that the "effective" benchmark interest rate is nearing 0%. Some commentators are beginning to draw parallels with Japan, where interest rates have remained close to 0% for several years. If/when the global economy finds its footing, the Dollar could follow the lead of the Yen, and once again find itself a funding currency for the carry trade. The Economist reports:If the effective rate remains near zero, the Fed will have to turn to more unconventional means of stimulating growth.Read More: The Federal Reserve - Turning Japanese | | 11/18/2008 11:07:00 AM |
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Pick of the Day: EUR/USD - Trade Closed | After a quiet Asia and European trading session, EUR/USD rallied big time midway through the US session as traders pushed the market up from 1.2450 to 1.2800 - over 300 pips. This brought my | | 11/13/2008 5:30:47 PM |
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GBP/JPY Weekly Analysis (Wk Strt Nov/09/08) | |
What a great week we had last week. We had three trades and all three were winners making a total of about 150 pips. This week is looking great too. We have four scalp line trades and a possible S+R line trade. | | 11/9/2008 2:31:12 PM |
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HELLO FROM CHINA | | FOMC lowered interest rates yesterday by 50-basis points to 1.00% short-term bounce in the euro and the pound... With this in mind, I expect... | | 10/31/2008 1:04:56 AM |
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249 PIPs for the Week of October 19th, 2008 - Forex Force on WallStreetRockStar.com |
Early this morning, we hit our profit target, your trade should be closed...
Congratulations! You should have locked in around 130 PIPs!
We had a great week, clearing over 200 PIPs overall...
We're going to sit flat for now, please expect a long update over the weekend!
By the way, there's a chance that I could be offline later next week, when I travel to China to speak at the Global Chinese Financial Forum. If you happen to be in China next week, please stop by and see me!
Mark
| | 10/26/2008 7:56:00 PM |
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KIWI Forex for Interest Rate Hunters | | On Wednesday afternoon (Thursday morning in New Zealand), the Royal Bank of New Zealand (RBZ) will announce the October decision on interest rates.
With the global financial crisis impacting virtually every country on the planet, most traders are seeking a significant rate cut from New Zealand on Wednesday.
Here's what's up... | | 10/21/2008 4:45:47 PM |
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