Seeking Alpha

Michael Michaud's  Instablog

Michael Michaud
Send Message
Michael Michaud is the founder of Invest2Success.com (http://www.invest2success.com/) and the Invest2Success Blog (http://invest2success.blogspot.com/). He has been investing and trading in the financial markets since 1989. He founded Invest2Success.com to empower individual institutional... More
My company:
Invest2Success
My blog:
Invest2Success Blog
  • Euro Testing 1.38 Level With All Eyes On US Federal Reserve Meeting Today 0 comments
    Apr 30, 2014 5:42 AM
    Euro Testing 1.38 Level with All Eyes on US Federal Reserve Meeting Today

    The ECB has flagged the prospect of asset purchases if the euro keeps rising, yet few investors and analysts are convinced that even Japanese-style money printing would decisively weaken the euro. A decisive ECB move to break what many had thought to be a taboo on quantitative easing - at least within Germany-, could cap the euro. But analysts and fund managers think any QE programme would be modest, making a major reversal of the exchange rate unlikely. Underlining the strength of the taboo that would have to be broken, the ECB stands alone among the world's three major central banks in letting its balance sheet contract. Morgan Stanley, said it would take a 1.5-2 trillion euro QE campaign to induce sustained weakness in the euro.

    ECB President Mario Draghi told German lawmakers that a quantitative-easing program isn't imminent and is relatively unlikely for now, according to a euro-area official present at the meeting. The central bank stands ready to embark on QE if needed, Draghi said at the gathering attended by lawmakers from parties that form the nation's coalition government, the official told reporters on Monday. The person declined to be identified because the meeting in Germany was private.

    German inflation accelerated less than economists forecast in April, increasing pressure on the ECB to take action to add stimulus in the euro area. Inflation, calculated using a harmonized European Union method, was 1.1 percent, up from 0.9 percent in March, the Federal Statistics Office said yesterday. Economists predicted a rate of 1.3 percent, according to the median in a Bloomberg News survey. Now the eyes on Eurostat. The EU's statistics office, will release consumer-price data for the euro area today.

    Deutsche Bank AG, was among 15 European banks that had their outlooks cut to negative by Standard & Poor's on the prospect that governments are less likely to provide aid. The outlooks were lowered from stable "to reflect our view that extraordinary government support is likely to diminish as regulators implement resolution frameworks," the ratings firm said today in a statement.

    Euro Zone Economic Sentiment falls to 102 yesterday for April from revised 102.5 in March.

    Britain's economy racked up its fastest growth in more than six years in early 2014, but a Bank of England interest rate rise is not imminent while the country makes up ground lost after the financial crisis. Output jumped 3.1 percent in the first quarter compared with the same period last year, the biggest rise since the late 2007, the Office for National Statistics said on Tuesday. Gross domestic product rose a quarterly 0.8 percent, gaining a bit of speed from the last three months of 2013. There were also signs of a broader recovery as manufacturing picked up.

    "Figures show that Britain is coming back," finance minister George Osborne said. "But we can't take that for granted. We have to carry on working through our long-term economic plan."Bank of England Governor Mark Carney was quoted as saying in a newspaper on Tuesday that the economic recovery is starting to broaden and there are early signs that it will be sustainable. But another policymaker, Ian McCafferty, warned of the risks of raising interest rates too late if the Bank is to carry out its plan to raise rates only gradually.

    Trading the News Today: The US Conference Board Consumer Confidence Index®, which had increased in March, declined slightly in April. The Index now stands at 82.3, down from 83.9 in March, data showed on Tuesday.

    By Zulutrade

    Click the Links Below to Review Forex Education Courses, Signals, and FX Brokers

    Profiting In ForexCandlestick Trading Course

    Steve Nison Candlecharts Forex Candlestick Charting Training Mega-Course
    NEW candle pattern insights, such as the order of power of candle signals so you'll know how much confidence to have in any candle setup. NEW trading psychology revelations, lets you quickly and accurately read the market's message to accelerate your analysis. NEW simple-to-follow systems, like my simple 5-Step Trading Checklist to give you a step-by-step method of maximizing your opportunities for success. Candlestick Trading System for Beginners to Pro-Traders. It doesn't matter if you're a complete beginner or pro-trader. These new DVD Training Programs will give you the Simple Candlesticks "4-Step Success System"

    Profits Run

    Forex Trade Alert Software

    Forex Income Engine Day-Trading Alert Software
    Forex Profit Multiplier 4HR Bars Trade Alert Software
    Forex Profit Accelerator End-of-Day Trade Alert Software
    Stock Market Mastery Course
    Instant Options Income Advisory Service
    Portfolio Prophet ETF Trade Alert Software

    Track n Trade Live Forex

    Track n Trade Live Forex Bulls Bears Signals
    Bulls 'n Bears. Proprietary formula generates user-definable Buy/Sell signals. Red Light/Green Light system identifies trends. Ribbon indicator displays trend strength. Advantage Lines. Japanese Candlestick Auto-Recognition. Automatically identify and catalog candlestick formations. User-Definable Buy/Sell Signals with candlestick patterns. Apply external filters to help eliminate unwanted or overly aggressive signals. Autopilot forex trading. Back-test your favorite systems. Any changes to settings update automatically on-the-fly.

    Van Tharp Institute
    Van Tharp Institute

    Van Tharp Institute
    Investing Trading Home Study Programs & Live Seminars Workshops

    Dedicated to cutting edge, high quality professional educational investing trading programs for traders and investors providing a road map for financial freedom. The finest investing trading education in the financial universe. Dr Van Tharp is one of the orginal Market Wizards, and referred to as the Traders Coach.

    How To Trade Forex with the Elliott Wave Model

    How To Trade Forex with the Elliott Wave Model
    How to identify trends and countertrends across multiple time frames using the Wave Principle. How to spot high-confidence trade setups in both bull and bear markets. How to put your trade plan into action -- including your entry, exit, targets and stop levels -- with high confidence using Elliott wave and Fibonacci relationships. How to manage risk with the Wave Principle's built-in rules and guidelines. How to use mainstream news and cross-market analysis to give your forex trading a unique advantage.

    Forex Buy Sell Signal Alerts Free Trials

    Forex Buy Sell Signal Alerts Free Trials

    Forex Brokers

    AvaTrade

    Online Forex Trading Platform and Award Winning Forex Broker AvaTrade
    Trade Currencies, Commodities, Indices, Equities, and Bitcoin too now from one screen with AvaTrade and MetaTrader the industry's most powerful and flexible trading platform. Trade with Confidence: Safety of Funds, Regulated Broker, Award Winner, Worldwide Branches, Established Broker. Trader Advantages: Fixed Spreads, New Account Bonus, 24/5 Support, Risk-Free Demo Account, Start Trading from $100. Free Education Knowledge Training: Free Video Tutorials, Free Webinars, Online Trading Course, Forex Trading eBook, Market Analysis.

    ZuluTrade

    Forex Accounts from Multiple Brokers All with Free Buy Sell Signals
    Autotrade the Forex market like never before! Let ZuluTrade drive trades by specialists into your FX account for free. ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account.

    InstaForex Metatrader

    Instaforex Metatrader
    Forex - Gold Silver Copper Oil - Commodities - Futures - NYSE CFD's

    eToro Openbook

    New Age Forex Stocks Futures Social Investing Trading with eToro OpenBook

    Forex Buy Sell Signals Alerts

    Metatrader Expert Advisors is a autotrade forex trading system written in MetaQuotes Language 4 mql linked up to a Metatrader Forex Trading Platform.

Back To Michael Michaud's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.