₦airaland Forum

Market Market Market

I just love days like this week because they tend
to humble traders and its only those that have
good money management that can survive this week.

In the UK, despite last night's speech by the Chancellor reassuring that the UK recovery remains on track despite recent weak data, concerns remain about the state of the UK economy, as evidenced by yesterday's disappointing BRC retail sales numbers. These fears are likely to increase this morning if July manufacturing and industrial production data show further signs of slowing down or contracting further in the case of the industrial production data.

June's industrial production data came in flat on a monthly basis and down 0.3% year on year and though July's number is expected to rise 0.2% the year on year number is expected to slip further to -0.4%. Manufacturing production is set to be slightly more positive improving on a monthly basis from -0.4% to 0%, though the annual figure is expected to slip from 2.1% to 1.9%.

Weak numbers will once more increase the pressure on the Bank of England to embark on more QE at tomorrow's rate meeting, an outcome which at this moment seems unlikely despite some speculation to the contrary.

Australia Q2 GDP has continued to recover after the negative figure in Q1 and has been able to shrug off all the declines from the Queensland floods. The number appears to support yesterday's actions by the RBA in keeping interest rates on hold for the time being, as Q2 GDP rose 1.2%, above expectations of a 1% rise while the previous figure was also revised up from -1.2% to -0.9%. These figures suggest that the Australian economy remains a touch more robust than had been initially feared.

The Bank of Japan left rates unchanged as expected, early this morning as the yen gained some ground overnight after the surprise intervention by the Swiss National Bank caught markets on the hop. The amount of stimulus was left unchanged as the bank looked to assess the effect of the measures taken at the last meeting. Yesterday's yen weakness on the back of this move appears to have been a reaction to fears that the Bank of Japan may well follow suit.

German constitutional court set to rule on bailout legality, UK industrial and manufacturing data could prompt further dovishness, Australia Q2 GDP, Bank of Japan leaves rates unchanged.

The crisis in Europe remains at the forefront of investors concerns today as the German constitutional court begins its deliberations in ruling on the legality of the Greek and other bailouts in 2010, Any ruling that that states the bailouts are illegal would throw Europe into absolute chaos. The expected outcome is likely to be along the lines of attach a number of firebreaks or safeguards to any new bailouts by way of giving the German parliament stringent vetoing rights with respect to the release of any new bailout funds. But even the best case scenario will no doubt complicate further an already cumbersome mechanism.

Now lets proceed to the main reason why i started this thread.
My next source of income for the past 6months has been marketing
information products.

Selling information products is a killer today because of the huge presence of people
online and the crave for information in our world today.

If i ask you to give me the name of the number one website i know you will not miss it
because everybody knows it is GOOGLE . There is no other reason why it is so because
people are craving to know today more than any other time and as such they go to the website
that will give them what they are looking for "INFORMATION".

The only reason people use the search engine is to search for INFORMATION and as such
you will do yourself a great service if you learn how to package that information in a way they can buy.
Believe me people are willing to pay any amount for information as long as it solves their problems.

So if you want to make money online, there are things you must do and just going to lay them out for you
in 4 simple steps:

1. You must have your own website:
This is where a lot of people get it wrong.
The importance of having your own website cannot be over emphasized.
Having your own website will give you the credibility you need online.
A blog is not enough. Your own website should be your “shop” online.
Your website is your online identity. It is what you will be promoting and
it is where people will be visiting to know more about you.
Setting up your own website is no big deal.
Just register a domain name for only $8 and get a web hosting account for $10 a month or less.
Design your website with a FREE tool at NVU. com and upload
using it’s in built FTP. You can do all these in less than an hour.

2. You Must Create Your Own Product:
Google adsense and affiliate marketing is a good place to start but
your key to success online is to create and sell your own products.
Granted, you surely can make decent money from affiliate marketing and adsense,
the future of your business however depends on your own products.
Take a cue from the affiliate marketing and adsense experts.
They have their own products. Top affiliates like Ewen Chia and Rosalind Gardner have their own products.
Also, adsense experts like Joel Comm and Michael Cheney have their own products.
It’s very easy to create your own products especially if you sell information products.
You can conduct an interview with an expert in your niche and convert it into a manual.
You can also buy private label rights and have your own product up online within an hour, without writing!

I will tell you about the remaining two things you must do to make
money online later on.

PS: Make sure you take action on these points dont just read it alone
but take actions.
CHEERS

I want to use this thread to show you the basic things you need to do
online to succeed but before i go on, i will quickly like to tell you a little bit
about my journey in d online world.

I have been making my living from the internet for the past 6years right from
when i was in school. I finished in 2007 and have never worked for anyone.
I have to confess that it has not been all rosy but it has been very fulfilling because i get
to learn a lot as i grow as an entrepreneur.

I started out online with exchange(I was an e-gold merchant) and later learn how to trade forex
and boy i went through a lot trading forex till i was able to get a proper hold of it.It wasn't easy at
all i can tell you but today i don't think i can do without trading.

After i have gained a proper understanding of the forex market, i later proceed to start my exchange business
again(Buying and selling of Liberty Reserve) but remember that am still trading forex making it two sources of
income for me.

Now i have added another source of income to my income which is what i want to teach folks here.
Please note that this has taken me 6 good years to build. One of the major reason many people will never make
any money online is because they simply lack focus.

My philosophy has always been to stay with one course at a time (for at least one year) before i pick up another
thing. Most people are found of jumping from one thing to the other without ever building one first and with the rate at
which information is flying about online today, you will be doing yourself a great dis service if you don't learn to stick with
one thing at a time.

odiaero:
Yes, the market seems sell, but will just wait

Chai Odiaro wants to wait?

Trust you man.

odiaero:
^^ Am not selling, instead i will wait for it to fall south, like 50 pips, then take a buy, if not, i may just be on gold at the moment

Oga its been a while ooo. How u dey man?

Are we there yet?

Our services are top class. Visit us once again @
swiftecurrency dot com

If you ask me i think basically what hinders most people
is lack of focus and believe me with so much information
flying around today, it will take guts to stick with one thing.

My philosophy of recent has become stick with one means of making
money online for at least 1-2years before you add another stream of
income.

Nothing works wonders like FOCUS.

A break of 1.4228 will see EU move down to 1.4123
and a further break will see EU touching 1.4067

Yes we are the best in the industry and of course the safest to deal with.

endfx1:
Same here ooooooo my broda when EU is still strong on d  downside.anyways scalpers can still pick something you can't tell.

for me i hate scalping

I have been on a sell since last week thursday because i know it will drop
and finally i have closed out all my sell positions on EU and GU.

Now i can play golf and play around today.

Who wan join me ooo

centsays1:
IS THERE ANY ONE HERE WHO SELLS LR PLEASE??

CONTACT ME

It will be easier to contact if you drop your phone number here,
however you can visit my site by clicking my sig below.
Thanks

Very good idea but i suggest you run ads for this.
Quality ads will get you more people.

Sure it is needed,you will be surprise at how many people will
be interested and before you know it you will dominate that niche.

I think i will love to enjoy it too, so u can bring it on man.

Cheers

Many people deal with exchangers that delay in funding their account.

swiftecurrency dot com attends to you faster than any exchanger in
Nigeria.

Thats why we are the best in the country

I wonder where folks are seeing a buy on EU since market open.

The month began with fireworks but ended with on a quiet note as risk appetite inched higher on positive data from the US. The Swiss franc easily led the market after the government said it accepts the strong CHF. Australian retail sales and China's manufacturing PMI are the highlights of the upcoming session.

US economic data was surprisingly strong:

- Chicago manufacturing PMI at 56.5 compared to 54.8 exp. and 58.8 prior

- Factory orders up 2.4% in July compared to +1% exp.

- ADP employment at 91K vs. 103K exp

The Australian dollar was the second-best performer after CHF on the positive sentiment generated from the data. The S&P 500 gained 0.5% to 1219. Gold fell by $2.

The Swiss government unveiled a stimulus plan to counteract the squeeze on growth due to the strong CHF. The SNB announced no new measures in the currency forwards market after making an announcement on three of the past four Wednesday's. The moves signal a change in tactics for the Swiss toward learning to live with the strong franc, rather than fighting it.

The euro fell on a rumour about Greece hiring a New York law firm to explore leaving the Eurozone.

Canada's GDP report was mixed as the economy contracted 0.4% (annualized) in Q2 compared to the +0.1% expected. CAD initially declined but rebounded on some of the details of the report. The negative reading came on the heels of 3.6% growth in Q1 and is partly due to a number of factors, including the Japanese disaster and temporary shutdowns in the energy sector. Trade was a large negative drag due to the strong Canadian dollar but domestic demand rose at a 3% annualized rate and business investment rose 31%. A recession is unlikely but it can't be ruled out either due to shocks from the US. The chief CAD risk is that we see the BOC taking a more accommodative stance.

Month End

JPY was the top performers in August while NZD and CHF lagged. The S&P 500 fell 5% in August in the fourth consecutive monthly decline. Gold gained 12.7%, silver rose 5.75% and oil fell 7.2%.

Glancing at the monthly charts, the downward trend in USD/JPY appears well-intact while a reversal appears to be underway in USD/CHF. The EUR/USD and GBP/USD chart shows very little direction. In the commodity currencies (especially CAD) signs of a change in trend are apparent but it's more likely to be sideways than down.

Asia-Pacific Preview

July Australian retail sales at 0130 GMT are expected up 0.3% after a 0.1% contraction. At the same time, private new capital expenditures are expected up 4.1% in Q2 after a 3.4% prior rise.

China's August manufacturing PMI will be released at 0200 GMT and is expected at 51.2 in Aug after a 50.7 reading in July. Earlier in the week, HSBC's flash PMI was stronger than expected so the market has likely priced in a reading higher than the consensus. Expect to see a 30-40 pip reaction in AUD to this report.

austino01:
i just confirm price today is you buy$! for 157 sell for 153 good luck

Is this bank rate or black market?

Naij which way?
When will GEJ wake up ooo?

Someone wake up this guy na

smithereen:
Sexkillz is still in the right place. Money and romance go hand in hand -- if you doubt this, ask the nearest campus babe, .

Correct man.

What a monday morning. I ride EU long Big and follow GU too.
Now i can proceed to play Golf today cos am thru trading for today.

Who wan join me ooooo.

Am so loving EU right now.
Down and up
Chop Chop Chop

Over 200pips on EU alone

Are we there yet?

Are we there yet?

Gold plunged more than $100 as demand for safe havens eroded on Wednesday. The pound lagged, falling to a one-week low while USD and JPY led. Early in Asia-Pacific trading New Zealand retail sales beat expectations and Steve Jobs resigned from Apple.

Atypical market dynamics prevailed throughout the session as risk currencies slumped despite a rally in stocks and selloff in bonds. The S&P 500 gained 1.3% to 1177.

Precious metals were the major story as gold fell $102, or 5.5%, to $1759 and silver fell 6.2% to $39.71. It was the largest percentage decline in gold since March 2008. The CME hiked gold trading margins by 27% afterhours and many traders (including us) believe the announcement was leaked.

Cable began to slide mid-way through European trading and selling accelerated as last weeks low of 1.6420 gave way. The pair closed on the lows at 1.6360 leaving a negative bias.

EUR/USD was relatively stable spending most of the session above 1.44 despite a run on Greek two-year bonds that pushed yields to 44% because of Finlands threatened bailout non-participation.

Economic data aided broad sentiment as durable goods orders ex-transport rose 0.7% compared to the -0.4% expected. The report was solid and it will add an upward bias to Q2 GDP revisions but seasonal adjustments may have played a part and orders data points to a slowdown. Lately, there has been a disconnect between sentiment data and hard data. The general rule is that sentiment leads and data lags.

The other release that buoyed sentiment was from the CBO which said the US will have $3.487T in deficits over the next 10 years, about $3.3T lower than its previous estimate. The CBO noted that its growth estimates (which include an unrealistic 2.4% rate this year) were made in early July, when the landscape was different. We believe the deficits will be much higher but the CBO has a difficult job at the moment with so much of the political landscape is in flux, including taxes, revenue and spending.

The New Zealand dollar rose in early Asia-Pac trading after retail sales rose 0.9% in Q2 compared to the +0.6% expected. The rise matches the gain in Q1. Core sales climbed 1.4% compared to the +0.7% consensus.

At the same time, Steve Jobs said he could no longer meet his duties and expectations and announced his resignation as CEO. He plans to stay on as Chairman of the Board but the news will likely weigh on Apple shares and the broader market in the day ahead as the co-founder and CEO since 1997 exits.