Forexsites

What is Jump Start?

Jump Start is a free online Forex Trading Course that will help you earn 25 to 30 pips a day (or $25 to $300 per day) it is simple and straight forward showing you things like:

• How to set up a demo account

• How to use two confirming indicators

• How to trade with indicator signals not price movement

• How to trade with indicators so you can trade all of the currency pairs.

Jump Start is for beginners, experienced traders and anyone who wants to be a better trader.

The reason it is free is simple. They are trying to build your trust in their Forex knowledge. If they give you a strategy and it works then you will come back for more advanced strategies. They want to make money through sharing their knowledge and experience, but aren’t going to ask you to trust them simply because they say they are successful.  They want you to see for yourself their simple strategies will make you money.

While Jump Start is designed to help you be successful in Forex Trading, it is meant to be a beginning for your trade plan, not the end.

It’s FREE so go check it out: Jump Start Forex Trading Strategy

Forex Strategy Secrets has released their much anticipated Launch Pad Forex Trading System. Launch Pad builds on their free course ‘Jump Start’ and is designed to magnify the pips you are earning, which means increasing your profits.

Some things included in Launch Pad:

·         Video Training Course Including:

o   How to use multiple signals

o   How to trade a sideways market

o   Learn how to trade by spending less time in front of the computer

o   How to use multiple signals

o   Money Management

o   And more…

·         Trade Journal

·         Forex Resources

 Special Offer: After five years of proving their simple forex trading concepts, Forex Strategy Secrets is now sharing their program with the public. They are running an introductory week starting May 14^th and ending May 21^st for their Jump Start members. They have however extended that invitation to all Forexsites members and visitors to join in this special offer. They are offering a huge discounted price along with some special bonuses. This offer will never be duplicated so it truly is an amazing one time offer.

Go Check it Out Here: Launch Pad Forex Trading System

US stocks were on pause Wednesday morning in New York as investors braced for a key inflation reading and another round of Fed talk.

As of 6 am ET, the Dow Futures and the Nasdaq Futures were unchanged and the S&P Futures were down 2 points.

At 8:30 am ET the consumer price index for April will be made public, revealing how much consumer prices increased during the month. Analysts are expecting no change in CPI or core-CPI, which excludes food and energy prices. They are expected to remain at 0.3 percent and 0.2 percent, respectively.

Also before the opening bell, department store operator Macy`s (M) is expected to report its first quarter earnings results.

The impasse between private equity firms Bain Capital LLC, Thomas H. Lee Partners LP, and their bankers over the `on again- off again` buyout of radio broadcaster Clear Channel Communications Inc. (CCU), has finally been resolved. Clear Channel agreed to a lower buyout offer from the private equity firms late Tuesday.

Billionaire investor Carl Icahn is preparing to launch a proxy war to unseat Yahoo Inc.`s (YHOO) board of directors after the company failed to reach a merger deal with Microsoft Corp. (MSFT), according to reports Tuesday. The move could prompt Microsoft to reconsider its bid for Yahoo. Shares of Yahoo gained more than 5% in Tuesday`s regular trading session following the news.

Markets will take in a trio of speeches from Fed officials. At 8:35 am ET Boston Federal Reserve Bank President Eric Rosengren will give the keynote address at an operational risk measurement conference, in Boston, Massachusetts.

Shortly after, at 9:15 am ET Federal Reserve Governor Randall Kroszner will join Rosengren and address the conference. Kroszner is a FOMC voting member.

Later in the day, at 4:40 pm ET San Francisco Federal Reserve Bank President Janet Yellen will deliver `An Introduction to the FOMC` at the Pacific Northwest Regional Economic Conference, in Tacoma, Washington.

The Energy Department will release its weekly inventories report at 10:30 am ET. Analysts are expecting a build of 1.8 million barrels. Even with inventories rising for three consecutive weeks, the price of oil has spiked high to new record highs above $126 per barrel. The price of crude for June was down $0.43 at $125.40 in early electronic dealing this morning.

Chinese industrial production increased by 15.7 percent on year in April, the National Bureau of Statistics said on Wednesday in a statement.

That was significantly lower than the forecast range that called for an increase of between 17.5 and 18 percent. It was also down from the 17.8 percent on year expansion in March.

The sale-to-production ratio for April eased 0.5 percent on year to 97.8 percent. Export shipments were up 15.6 percent on year to 659.5 billion yuan in April.

For the period of January to April, industrial production is up 16.3 percent on year. For the first quarter of the year, output was up 16.4 percent on year.

Among the individual components, output of transportation equipment production was up an annual 22.5 percent, while auto production rose 22.2 percent, non-metals were up 21.5 percent, electrical machinery production rose 21.3 percent, chemicals and chemical products output rose 15.0 percent, ferrous metals and processing output increased 14.5 percent and crude coal production rose 13.9 percent.

Also, electricity generation was up 12.8 percent, output of clothing and textiles was up 12.2 percent, rolled steel gained 11.7 percent, cement output was up 10.8 percent, crude steel was up 10.2 percent, production of raw iron was up 9.1 percent and crude oil output in April was up 0.5 percent.

An easing among exports is among the main reasons for the easing in production - particularly to the United States, which is in the midst of an economic slowdown, if not a recession. Shipments to the U.S. increased by 11 percent on year in April, slower than the 16 percent annual increase a month earlier.

Fed Chair Ben Bernanke spoke in Georgia Tuesday morning, saying that financial conditions were `far from normal` and that the central bank stands ready to increase TAF auctions as needed. The dollar spiked higher to 104.58 versus the yen as Bernanke spoke, with traders also considering data showing that US retail sales rose 0.5 percent excluding autos in April.

The dollar also extended its early gains against the euro, rising to 1.5435. The buck stayed near a multi-month high versus the sterling, hovering near 1.9450.

GDP growth will likely not return to its normal pace until 2009, a top Fed Official said Monday. Though conditions are expected to improve in the second half of 2008, economic activity will still run `at a relatively sluggish pace,` Chicago Fed President Charles Evans said.

`Looking ahead, our outlook at the Chicago Fed is for continued weakness in real GDP over the near term.` Evans said in prepared remarks to be delivered at the Harper College Economic Forum. `We expect real GDP growth will return close to potential as we move through 2009.`

Evans cited continued weakness in the credit markets that will restrict spending as a factor in the continued economic weakness, along with lingering problems in the housing market.

`While we don`t expect any significant contributions to growth from residential construction for some time, the drag from the sector ought to at least diminish as we move through the rest of this year and next,` he said. `Similarly, as financial market participants revalue portfolios and repair their balance sheets, the drag from credit conditions ought to diminish over time.`

Evans also predicted that the fiscal stimulus bill would likely boost spending in 2008.

On the inflation front, Evans noted that the Fed expects improvement over the medium term, projecting core inflation in the range of 1-1/2 to 2 percent by 2010. That forecast is based on predictions that energy and commodity prices will stabilize, although the Chicago Fed president noted that `there are risks to the inflation outlook if this stabilization does not occur.`

`Although the persistently high readings of commodity, food, and energy prices do not appear to have had a major impact on longer-run inflation expectations, we have to be mindful of their potential to do so,` Evans said. `Any increase in inflation expectations would pose an important risk to the achievement of price stability.`

The Chicago Fed president noted that it may take a while for markets to adjust to the series of reductions in the federal funds rate.

`Given the challenging financial circumstances, it seems likely that credit conditions will also require adjustment time, as financial institutions reevaluate their portfolios and capital needs,` Evans said. `As a result, the level of uncertainty regarding future developments continues to be high and the path forward may be uneven.`

Many investors and analysts believe that the April rate cut, which reduced the FOMC`s target for the federal funds rate by an additional 25 basis points to 2 percent, is the last in the series. Evans stated that the Federal Reserve `will continue to respond to future unexpected changes in the environment for growth and inflation as needed in order to promote sustainable growth and price stability.`

Retail sales in Great Britain fell in April for the second consecutive month, according to a report published Tuesday by the British Retail Consortium (BRC).

The BRC`s like-for-like retail sales index fell by an annual rate of 1.5 percent last month. It followed a 1.6 percent decline in March, and marked the first time since 2005 that sales moved lower in consecutive months.

The Consortium said that while comparisons are difficult because Easter fell in March this year and inclement weather in April contrasted with last year`s hot and sunny conditions, underlying trade remains difficult as consumers reined in spending.

`With higher fuel and utility bills eating away at people`s spare cash, they are concentrating on essentials like food,` said BRC Director General Stephen Robertson.

Food sales picked up after slowing in March but clothing and footwear fell further to their worst levels in at least eight years.

Wall Street got a boost Monday, as the Dow closed up over 130 points. Tuesday, data on Retail sales will take center stage, along with comments from Federal Reserve Chairman Ben Bernanke and a host of other Fed officials.

At 6:10 am ET, Cleveland Federal Reserve Bank President Sandra Pianalto will speak at a Global Interdependence Center panel on monetary policy, in Paris. Pianalto is a FOMC voting member.

At 8:20 am ET, Bernanke is scheduled to speak as part of the Atlanta Fed Financial Markets Conference, in Sea Island, Georgia. At that conference, Federal Reserve Governor Kevin Warsh and Philadelphia Federal Reserve Bank President Charles Plosser will moderate a panels at 9:15 am and 11:00 am ET, respectively. Both are FOMC voting members.

Import and Export prices for the month of April will be released at 8:30 am ET. In March they grew at a rate of 1.1 percent and 1.2 percent, respectively.

Retail sales for April will also be released at 8:30 am ET. Analysts expect sales to decline 0.2 percent compared with an increase of 0.2 percent in March.

At 10:00 am ET, business inventories for the month of March will be made public. Analysts expect inventories to increase at a rate of 0.4 percent compared with 0.6 percent in Februrary.

In the early afternoon, at 1:00 pm ET, San Francisco Federal Reserve Bank President Janet Yellen and Kansas City Federal Reserve Bank President Thomas Hoenig will speak in different areas of the country, both discussing the U.S. economic outlook.

Shortly after, at 1:30 pm ET Dallas Federal Reserve Bank President Richard Fisher will to speak about the U.S. economy at a forum, in Midland, Texas. Fisher is a FOMC voting member.

The dollar was mixed against other majors Monday morning in New York, giving back its overnight gains against the euro and sterling. Monday will be a relatively light day on the economic calendar, but activity on the economic front will pick up considerably starting Tuesday with the release of April`s retail sales figures.

The U.S. federal government will release its monthly budget statement for April this afternoon. Economists expect that the government spent $160 billion in the month, compared to $177. 7 billion spent in March.

The buck was little changed against the euro, rising to 1.5475 before dropping back to 1.5460. The dollar stayed near last week`s multi-week high of 1.5283.

Italian industrial production recorded an annual decline of 7.4% in March, the statistical office ISTAT said Monday. Economists expected just 4.6% annual fall for March. On a working day adjusted basis, industrial output was down 2.5%.

The dollar jumped to a 2 1/2 month high versus the sterling in Monday`s very early dealing, but dropped sharply upon the release of a raft of data from the UK. The buck fell to 1.96, down from a 4 am ET high of 1.9411.

UK input prices climbed at a faster pace of 23.3% year-on-year in April, a report from the Office for National Statistics, or ONS indicated Monday. Input price inflation stood above March`s revised growth of 20.1% and 21.4% expected by analysts.

UK`s visible trade deficit narrowed to GBP7.4 billion in March, the Office for National Statistics, or ONS revealed Monday. The visible trade deficit decreased from GBP7.6 billion deficit in February, revised up from the initial estimate of GBP7.5 billion. Economists had expected a deficit of GBP7.5 billion for March.

The dollar spiked higher versus the yen Monday morning after hitting a multi-week low overnight. The dollar improved to 103.90 after hitting 102.55, its lowest since April 18. Japanese GDP figures will be in focus focus on Thursday.

The Chinese Yuan Climbed to an 18-day high against the US dollar as China`s annual inflation accelerated to 8.5% in April. The National Bureau of Statistics said today that the inflation rate was higher than the 8.3% increase on year in March, and it also exceeded analysts` expectations that called for an annual increase of between 8.2 and 8.4%.

The yuan reached a high of 6.9842 against the dollar at 11:00 pm ET, compared to last week`s close of 6.9888. People`s Bank of China, the Chinese central bank has set today`s central parity rate of the dollar-yuan pair at a record low of 6.9820.