Tuesday, March 15, 2011

Day trading course FOMC and crazy Keynsians.

The Federal reserve, a group of private bankers controlling US money supply for their own personal gains, made this bold statement: The recent increases in the prices of energy and other commodities are currently putting upward pressure on inflation. The Committee expects these effects to be transitory, but it will pay close attention to the evolution of inflation and inflation expectations. The Committee continues to anticipate a gradual return to higher levels of resource utilization in a context of price stability. Guess what?  The Dollar index shows that his could just be another pipe dream. [caption id="attachment_3577" align="alignleft" width="236" caption="Day trading course Dollar index breaks support"] Dollar index breaks support[/caption] We have a break of support at 77.40 which is also breaking a long term supporting trend line.  Support at previous swing low 76.50 is on low volume and the sell shadow for today's session could take us to new lows. This will also show up as weakness with Euro/Yen and the Swiss Franc. This will show up in oil, food and metals as price inflation. Again the Fed is using terminology which most don't understand so that they can keep control of the treasury's printing presses. Day trading course.  

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