The markets gradually resumed normal service after yesterday's holidays in the UK and US. With market moving data in short supply, the market is focused on the week's heavy UST supply schedule, which is set to begin today with a US$40bln 2y note auction. With concerns over the US' credit rating dominating proceedings over the past week, the prospect of a rising risk premium on US paper is weighing heavily over the greenback and contributed to last week's selloff.
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Tags: Risk Appetite

The labour market remains weak though our economists note that yesterday's claims data were boosted by the temporary shutdown of a major automaker and the Labor Department refrained from providing details of the impact from the shutdown and instead said a "good part" of the latest jump was auto-related. Although labour figures are often lagging in nature, the decline in net wealth and consequent consumer deleveraging will restrain growth globally. Read More...

Tags: Risk Appetite

Hello Traders

Please hit the link below for the recent Bloomberg interview with Jim Rogers. Much of the discussion is on currencies. Consider that Jim Rogers is a long term investor with the big picture in mind.

Jim Rogers Interview

Regards,

Chris Lori
CTA

Tags: Videos

Hello Traders,

I'm sorry I have been out for a while. Last weekend was our Charlotte, NC workshop and it was a barn burner. We continue to see a growing number of traders quit their jobs to trade full time, as they learn real strategies from a professional on how the market really works and move away from internet marketing hype.

I want to thank Angie "Sunshine" Crisp for the excellent job in organizing the workshop at an excellent facility and arranged to get attendees great Hilton rooms for $89! I would also like to thank Greg Crisp for his professional expertise and valuable contributions to the class. Finally, to the attendees who continue to inspire me and allow me the great pleasure to interact with your unique and motivated minds.

Please contact us if you would are interested in any of Chris Lori's educational products.

Workshop Testimonials

I just finished the weekend seminar with Chris Lori and I wanted to let you guys know that it was excellent.

Chris is extermeley knowledgeable, and can communicate his information and experience effectively.

Course content was complete, pertinent, well put together, and was a true value for the money.
Great job!

Luigi
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Great Workshop! Well worth it

Thanks

J Vernon
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Hello, I just got back from "Chris Lori's" Charlotte, NC workshop. This is by far the best 2&1/2 days of forex training class I've attended in my forex trading career. Chris's simple, easy to understand coaching approach( created from his vast knowledge & expertise in the forex field) really was an eye opener for me. I've learnt more in this short 2 1/2 days then my entire two years of forex arena. I was frustrated, ready to leave from this trading business, but Chris's true & real live teaching gave me hope that even though I have a long way to go, I will make it. I was fortunate to attend his workshop and hope to continue my journey with him.

Thank you "Chris" for what you've done for us, especially for me.

Mohamed"
**********************

I just wanted to share that I attended Chris Lori's workshop in Charlotte this weekend, and found it to be fantastic. Chris puts a lot of time and effort into the workshop, and you definitely get your money's worth. Chris over-delivers on everything he does.

We went a full 2 1/2 days and it was a very extensive and in-depth look into strategy, tactics and the psychology needed to become a successful full time trader, or to just take your trading to the next level.

There were quite a few people there who have been to Chris' workshops before and I think it's a testimony to the depth and strength of the program he puts on. It's no wonder traders from all over are in attendance.

I would highly recommend a Chris Lori workshop to anyone who is serious about currency trading. You just will not find this information anywhere else.

Greg Jones
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Chris,

I just want to take a minute and thank you for this past weekend. The information you shared with us was outstanding. I also wanted to congratulate you on your tremendous success as an FX trader. Since retiring most of the US bobsledder I stayed in touch with have not gone on to the same level of success they had in the sport. Mainly because they didn't use the tools they learned from bobsledding apply them into a successful career like you have so hats off to you.

On another note I hope I wasn't to much of a pain in the a-- for asking a lot of questions. I went into the class thinking I'm not sure when I'll get to see Chris teach again, so I going to ask as many questions as I can and hopefully learn from his answers. I am hopeful that based on our similar past sports experiences that with your assistance I can achieve a successful FX trading career as well. I look forward to speaking with you soon.

Best regards,

Bryan
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The workshop this weekend was more than expected. I am on my way to becoming a Fibonacci Trader!

Chris is an excellent teacher and everyone was so friendly and willing to help and offer advice.

Thanks so much for your help. Have a great day!

Johnnie
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Hi Chris,

Have been listening to PTC videos on the way home this morning. You asked for feedback on the review of bank reports. Yes, please keep reviewing. Your reviews are teaching me how to think from the perspective of the markets and will positively impact my trading.

Thanks.

See you Sunday.

Dave Deming
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"Stress Test's" Released Delicately - Remain Cautious

Ref: UBS

The final results from the stress test were released with little fanfare as results had been previously leaked. The Fed said ten firms required a cumulative $74.6bn of additional capital and the largest needed amount is $34bn for one of the major banks. Several banks had already begun announcing equity and debt offerings in order to raise the additional capital from the private markets ahead of the official release. Fed Chairman Bernanke said the results should give the public "considerable comfort" and helps investors distinguish relative strength among the firms. With the stress test results final here, investors now turn their focus to the labour market. Labour market data has been better than expectations recently, with initial jobless claims and ADP employment data showing less weakness. While it is still too early to call a turn in the labour market, the data has been encouraging and UBS economists are looking for a below consensus -550k on non-farm payrolls but is in-line with consensus on unemployment at 8.9%.
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Tags: Risk