Official company news release:

The 16-nation euro also weakened versus the yen after Moody’s Investors Service placed its rating outlooks for Bulgaria’s DSK Bank

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The Euro declines slightly against the Dollar as fears continue on the banking system

The day trade system, or stock picking software, has been putting new and everyday stock traders on the same level as pros for some time now. If you’re serious about making money in this market, embrace a day trade system like so many other traders have done before you to double their investments in this turbulent market, here is more on what it is, how it works, and ultimately why you should be using it.

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Why You Should Be Using a Day Trade System to Double Your Investments

Over the last year, declines in imports and commodity prices have contributed to a veritable collapse in the US trade imbalance. While the deficit increased to $27 Billion last month, the general trend is definitely still downwards.

Since the inception of the credit crisis, US imports have fallen by a record 40%, on an annualized basis. In March, “Imports decreased 1 percent to $151.2 billion, the fewest since September 2004. Demand fell for industrial supplies such as natural gas and steel and for capital goods such as engines and machinery, reflecting the slump in U.S. business investment.” Lower commodity prices have also played a role on the imports side of the equation. In fact, if not for a slight uptick in energy prices, the deficit probably would have declined further this month.

Exports are also falling, but at a slower pace, such than the net effect is a more positive US balance of trade. “The 2.4% monthly fall in exports in March more than reversed the 1.5% rise the month before. But even that 2.4% drop compares well with the monthly declines of 6% plus that had become the norm since last September,” explains one economist. In other words, worldwide demand (as symbolized by US exports), is stabilizing.

Economists remain divided as to whether the trade deficit will continue to decline: “The low-hanging fruit has been achieved, and it will be difficult to narrow the trade deficit by much more going forward, especially if the vicious downturn in the economy seen in the fourth quarter and first quarter has begun to abate…..Once the economy begins to return to health in earnest (mainly a 2010 story), the trade deficit will likely begin to re-widen.” But a competing view expects “drooping consumer demand to weigh on imports and keep the trade deficit on a narrowing trend in the coming months,” in which case the deficit could fall to $350 Billion by the end of the year. Compared this to the record $788 Billion deficit of 2006!

While the balance of trade doesn’t figure directly into GDP (although it confusingly is incorporated into the expenditure method), a declining trade balance is generally reflective of a healthier economy. It implies that either exports are growing relatively faster than imports, and/or consumers are diverting more of their relative spending towards domestic consumption, both of which should contribute positively to GDP. Summarizes one economist, “If the current account did move towards balance, then it would allow the U. S. economy to probably grow at a more sustainable rate in the long term.”

The idea of sustainability (not in the environmental sense, unfortunately) is also connected to the US Dollar. Generally speaking, it is the Dollar’s role as the world’s reserve currency which has enabled the US to run a trade imbalance almost continuously for the last 30 years. In other words, trade surplus economies are willing to accept Dollars because they can be stably and profitably invested in the US. In this regard, one commentator hit the nail right on the head: “When it comes to the U.S. trade gap, how many refrigerators the U.S. sells overseas is far less important than how many dollars the rest of the world wants.”

Note: Both Charts courtesy of International Business Times.

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US Trade Deficit Nears 10 Year Low; Good News for USD?

Making real money from the stock market is many people’s dreams because it is also their ticket to becoming their own boss, setting their own hours, having the money to do what they want - in two words, financial independence. There is of course also a great deal of risk associated with investing in stocks, so unless you know what you’re doing or have some insider information, you should consider going the route that an increasing number of traders are doing each day, and that is embracing and relying on stock trading systems in order to dominate the stock market.

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Why So Many Traders Are Using Stock Trading Systems to Dominate the Stock Market

Day trading can be a fun and exciting part time job if you know the secrets to success. Research and insurance are just two of the 9 steps you can take to become a successful and profitable day trader.

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9 Steps to a Day Trading Career

According to a recent Reuters poll, investors are increasingly bullish on emerging market Asian currencies, including the Taiwan dollar, Indonesian rupiah, Singapore dollar, Malaysian ringgit, Philippine peso, South Korean won, and Indian rupee. The Thai Baht wasn’t covered by the poll, but given its strong performance over the last few months, it seems safe to include it in the bunch.

This uptick in sentiment is somewhat unspectacular, since “The Bloomberg-JPMorgan Asia Dollar Index, which tracks the 10 most-active regional currencies,” has now risen for almost three consecutive months [See chart below]. Leading the pack are the Taiwan Dollar and South Korean Won, which recently touched five-month and seven-month highs, respectively. “The Korean currency has climbed 28 percent since reaching an 11-year low of 1,597.45 in March.”

Investors are now pouring money back into Asia at rapid clip. “Asia ex-Japan received $933 million in the week ended May 20, the most among emerging-market stock funds, bringing the total this year to $6.9 billion.” Meanwhile, the “The MSCI Asia Pacific Index of regional stocks climbed 22 percent this quarter” while Chinese stocks are up 45% since the beginning of 2009.

But it’s unclear - doubtful is a better word - whether this rally is supported by economic fundamentals. One commentator summarized this contradiction as follows: “Improved sentiment has led to a massive resurgence in flows to emerging markets, irrespective of the underlying data, which remains weak. Investors are going out of dollars to riskier markets, riskier currencies.”

Let’s drill down into some of the data. Chinese exports fell 15% in April. Japan’s economy contracted 15% in the most recent quarter. Singapore’s exports are down 20% on an annualized basis. The South Korean economy is projected to shrink by 2% this year. The Central Bank of Thailand just cut its benchmark interest rate to an unbelievable 1%. The only bright spot economically is Taiwan, which is benefiting both from improved economic ties with China and a healthy current account surplus. I suppose everything is relative, as “developing Asian economies will grow 4.8 percent in 2009, even as the world economy contracts 1.3 percent” according to the International Monetary Fund.

The notion that the rally is not rooted in fundamentals is shared by the region’s Central Banks, which clearly realize that economic recovery will be much more difficult in the face of currency appreciation. One analyst argues that, “Until the signs of global economic recovery become more convincing, central banks will unlikely tolerate significant currency appreciation.” The Central Banks of South Korea, Taiwan, and Indonesia have already actively intervened to hold their currencies down, while Malaysia and Singapore (discussed in a Forexblog post last week) have also intervened for the sake of stability.

As a result, this rally could soon begin to lose steam. “A ‘correction’ in regional currencies is ‘appropriate’ following recent gains,” said one analyst. Another has called the rally “overdone.” Still, Central Banks and economic data pale in comparison to capital flows and risk/reward analysis. In short, these currencies (and other investments) will continue to find buyers for as long as there are those hungry for risk. Citigroup, whose “Asia-Pacific foreign-exchange volume may rise about 10 percent from the first quarter,” is bullish. A representative of the firm declared: “Fund managers are still ’sitting on lots and lots of cash’ so the pickup in volumes will continue.”

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Asian Currencies Rally for Third Straight Month

The yen rose to a nine-week high versus the dollar after Japan’s Finance Minister Kaoru Yosano said the government won’t intervene

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Dollar falls versus the Euro on credit concerns and investors risk appetite

A large number of new traders as well as those who have had trouble breaking into and turning a profit in the stock market have turned to using a day trader system. If you are not familiar with this investing technology, here is what a day trader system is and how it works to triple your stock investments overnight.

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How to Triple Your Investment Overnight With a Day Trader System

Online Forex trading is a growth industry. A Moneybookers account could provide you with a range of exclusive account opening money bonuses on various different trading platforms. Learn to trade without risking your own money.

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Moneybookers Forex Sign Up Bonuses - Risk Free Trading

I know that the concept of learning to day trade probably intimidates a lot of people. Obviously they don’t want to make the same mistakes that other people make, but they love the idea of making money from home, and telling their boss to shove it. But they feel that it takes an expert to be able to day trade successfully. Somehow only the “experts” can grasp the intricacies day trading.

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Learning to Day Trade and Avoid the Mistakes That Others Make

This is a simple strategy that is easy to learn and implement without interfering with any other trading approach. Keep it in mind the next time you see a little plus sign show up on your chart. It could be telling you its time to add some money to you account.

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Day-Trading With the Power of the Doji

Macro traders are some of the most opportunistic traders out there. They tend to make the most money when markets go crazy and most investors are losing money. Why is this so?

Excerpted from:
Global Macro Trader and Risk Management

If you are not using a certain kind of software and are a day trader, you are shooting yourself in your foot. Here’s why and what you can do about it…

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Stock Robot - Warning! A Closely Guarded Secret of Day Traders Revealed