reading news

[maymunah]

Hi it moynul islam
I want to know what is happining on the 18th march news? because some forex company are saying to join before that date because usa will give news...
If that the case what should we look for and how do we go about with our trade.
thanks dennis
from moynul islam

[Dennis]

Hello Moynul

The big news on tomorrow (March 18th) will be the Fed's interest rate statement. Last week commentators were saying that the Fed would cut from between 50 basis points to a full 1%. This morning the news broke that Bear Stearns had been bought by JP Morgan Chase (at a bargain basement price) with the Feds help (!) and that also the Fed are making an emergency cut in the discount rate of 0.25%. The markets are now wondering just how bad the fallout from the sub-prime crisis will get.
In the light of this, commentators are now saying that the cut could be as much as 1.25% tomorrow. If this happens, the value of the dollar should continue to fall.

That's the situation at the moment. However, there is a chance that the Central Banks could make a concerted effort to support the dollar: there are no guarantees on the market.

You can read the latest edition of the newsletter in our newsletter archive (http://www.traderacademy.biz/newsletter-archive-en/).

BTW have you started on the Colt FX course yet?

[maymunah]

I have spoken with them regarding the course coltfx today. they said that "we have some problem on setting out the course at the moment but shortly we will be up and runnig" sorry for the delay! so i think i will have to wait and also you can remind them too.
Thanks for the infomation.

Moynul

[maymunah]

:)I have spoken with them regarding the course coltfx today. they said that "we have some problem on setting out the course at the moment but shortly we will be up and runnig" sorry for the delay! so i think i will have to wait and also you can remind them too.
Thanks for the infomation.

Moynul

[Dennis]

Hello Moynul

I think the problem could be that you have registered a number of times. I have taken a look at our site admin panel and I think if you log onto the coltfx site as moynul with the relevant password and then click member area and then click activate for Colt FX: Total, you should be on the course.
Let me know how you get on.