Kevin M. Hughes

Here is my recap of early London trading

Nothing really going on in the markets (currency market anyways) to speak of…  I don’t anticipate anything happening until the NFP numbers tomorrow…  Check out the video & let me know what you think…

HAVE A GREAT DAY!!

COLLEGE FOOTBALL SEASON HAS ARRIVED!!!  HERE IS NOTRE DAMES SCHEDULE!!

                    LET'S GO IRISH!!!

9/4/2010      Notre Dame Football vs. Purdue                 3:30 NBC

9/11/2010     Notre Dame Football vs. Michigan               3:30 NBC

9/18/2010     Notre Dame Football at Michigan State          8:00 ABC

9/25/2010     Notre Dame Football vs. Stanford               3:30 NBC

10/2/2010     Notre Dame Football at Boston College            TBA

10/9/2010     Notre Dame Football vs. Pittsburgh             3:30 NBC

10/16/2010    Notre Dame Football vs. Western Michigan       2:30 NBC

10/23/2010    Notre Dame Football at Navy                   12:00 CBS

10/30/2010    Notre Dame Football vs. Tulsa                  2:30 NBC

11/13/2010    Notre Dame Football vs. Utah                   2:30 NBC

11/20/2010    Notre Dame Football at Army [in the Bronx]     7:00 NBC

11/27/2010    Notre Dame Football vs. USC                    5:00 NBC

Here are some of the articles that I found interesting.  you’ll see a faint theme throughout most/some of these articles – CHINA IS LEADING EVERYTHING AND EVERYONE.  Take that for what it’s worth.  Enjoy!

Burger King has been considering a sale (maybe they’ll get rid of the King in those commercials)

A strong Yen isn’t Japan’s main problem

In case trading (or whatever your career is) doesn’t work out (Could you be a spy?)

Strong Asian data boosts world stocks

Oil tops $72 as China manufacturing picks up

Bonds pressured as risk aversion eases

Japan DPJ Pzawa: FX intervention an option for Yen

Chinese manufacturing snaps out of slow down

Currency trading reaches $4 trillion daily volume

Capital freeze thaws for Real Estate funds

China deflects pressure for Yuan rise

Here are some interesting articles that I came across…  Hope you enjoy!!!

Oil near 8 day high

Yen firms as BOJ disappoints, global stocks rise

IMF’s Lipsky – “Reserves may be unable to meet needs”

Can export bans be challenged at the WTO?

How important is representation in ‘cloud’ computing?

U.K. house prices perform like the NY Giants against the Ravens

European stocks advance; Zodiac Aerospace, Genzyme shares gain

BOE Will Keep 0.5% Rate Until Second Quarter as Cuts Bite, BCC Says

The ‘Glass City’s’ new label – Made in China

Have we underestimated Chinese consumption?

Good morning everyone!  I wanted to inform you that I am back in the pilots seat with full time trading.  Summer vacation is over!  It was GREAT to enjoy a summer the way I wanted to but I was itching to get back to the trading desk.  I’ll promise to keep up on this blog DAILY with insights into the markets as well as my usual political ‘talks’.  I may not be as active on the twitter or stocktwits streams as I’ll be doing more videos & blogs (it will allow me to be more focused on trading than tweeting).

I hope you all enjoyed your summers as I have.  Look forward to reading & responding to your comments.

Here is a possible Head & Shoulders formation on the $EURUSD 5 min chart…  the current candle will be a deciding factor; if it closes below 1.3210, we should see a 30ish pip drop to 1.3180 in the short term…

Here is  avideo analysis of the $EURUSD pair…  I’m seeing a bearish wedge on the DAILY chart…  Let me know what you think

Asian markets are running a muck right now…  all their indices are trading to the upside…  US equity futures are up, Crude oil is up all while the $USDX is down…  currently right now the $EURUSD is ATTEMPTING to break it’s lows; if it does break its low (on essentially any time frame), I do believe we will see a significant sell off by the close of London trading…  The $GBPUSD has been leap frogging all morning long while the Yen ($USDJPY $EURJPY) has been as exciting as sitting in church with a hangover…  The $AUDUSD has been in an uptrend (hence crude oil running up) for sometime & is at a 3 month high [let the 'parity' talks begin - they're useless until it actually happens]…

The Yen weakness is being support by the bull flags on the Yen secondaries as well as the E-mini S&P & E-mini Dow bull flags…

In my opinion, the US equity futures rally will not hold because they are rallying on decreasing volume…  Which in turn will trap most traders then rip their faces off with a  dull spoon

Watch your stops or watch your wallet get eaten up…

Look at the $EURJPY (or yen crosses) for confirmations…  it’s proven & it will save you a lot of heartache…

Here are some of the stories/articles that have caught my eye this morning.

People, I believe, have noticed that China is the furthest thing from a bubble.  They are here to stay and will help to shape the markets as well as the world we are living in…  China is a place we can’t ignore; either as investors or world citizens…

I hope you enjoy the links and find them useful.

China urges change in U.S. policy to avoid friction

Japanese exporters selling causing $EURUSD strength?

China is looking for 800 BILLION Yuan to build high speed rail

Nikkei falls 0.6% after rally

Singapore says Economic Expansion MAY spur inflation

Gold regains strength

Potatoes for power?

Emerging market capital curbs MAY be the ticket?

GoldmanSachs defends its funds of funds offering (via Abnormal Returns)

Four reasons to believe in Brazil (via Abnormal Returns)

Euro advances against the US Dollar & Yen on concern of US Economy slowing

Big firms win in small business bill

Also, I recommend you check out The Reformed Broker for TREMENDOUS insight to equities market and the world in general…  He’s a very smart individual & tells it how it is.  I also recommend book marking his site along with Abnormal Returns…  The content/information is of the caliber that you CAN NOT miss out on!

Have a great day!!!!