Swiss retail sales and Czech consumer prices are some of the notable economic data scheduled for release on Monday, a day light on economic events.
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Swiss retail sales and Czech consumer prices are some of the notable economic data scheduled for release on Monday, a day light on economic events.
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Japan's gross domestic product contracted 6.8 percent on year in the second quarter of 2014, the Cabinet Office said in Wednesday's preliminary reading.
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Guest host John O'Donnell chats with Mark Thornton about the legalization and decriminalization of marijuana. They discuss the importance of free will and dispell some of the myths put upon marijuana.
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John O'Donnell and special guest George Reisman discuss Piketty's new book Capitol in the Twenty-First Century. They discuss Reisman's recent review of the book entitled Wrong Theory/Destructive Program. They also discuss education and its lack of substance in the U.S.
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John O'Donnell and special guest Peter Atwater discuss the similarities between the market from 1966-1974 and the market from 2000-today. From sociatal issues, politics, economics, business and culture there are very strong parallels.
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Homebuilder confidence in the U.S. unexpectedly improved for the third consecutive month in August, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to a reading of 55 in August from 53 in July.
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John O'Donnell and special guest Jim Puplava discuss the beauty and simplicity of Online Trading Academy's patented supply and demand strategy. Jim also gives his views on the bond markets and shares a story about a silver trade he made with the help of Online Trading Academy.
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Bank of England policymakers split on rate decision this month, for the first time in more than three years as two members said the current economic situation warrant an immediate rate hike from a historic-low. At the August Monetary Policy Committee meeting, Ian McCafferty and Martin Weale sought a quarter-point hike in the bank rate to 0.75 percent.
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Master trader, Joel Greenberg shares with us why he has been loving these past few weeks of trading! Merlin and Joel also take a look at how simple steps can increase your rate of return, compounding into significant money over time. Finally, they look at some very simple steps you can take to protect yourself from getting hacked, or having your trading account integrity breached.
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Merlin takes several listener questions focusing on some long term instruments many are talking about. Merlin takes a look at the differences between Value and Growth investing, and why they have their challenges, unlike trading pure supply and demand. He also takes a look at Annuities and what investors should be aware of.
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Merlin wraps up an eventful trading week with a look at 6 stages of trader development. This is in response to a listener from NYC who has been struggling for the past 6 months. Merlin shares his trading evolution steps and outlines what traders can expect along the way to success. He also takes a look at the broad markets as well as Ford and Microsoft.
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While stateside in Philadelphia, Sam Evans joins Merlin for a look at some of the major factors in the global currency markets. Sam shares his thoughts on current trends and rate hikes with the Pound, and how history has shown what patterns they will follow. The duo also talk about live coaching and how it has improved Sam’s trading. Finally, they take a look at the euro for key levels and set targets.
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Merlin and Jasmine talk about how traders should be using the grid, which details key supply and demand levels for 20 trading instruments. This tool is tremendous at shortening a traders learning curve and helping them apply the patented core strategy at Online Trading Academy. Jasmine and Merlin also look at the Canadian Dollar, Gold, and Crude Oil.
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Several listeners have expresses confusion on how to begin saving for the future, so Merlin and Scott look at some of the key factors in determining investments. This encompasses looking at many personal factors, not just market specific. Scott also offers some insight into market correlation and market timing principles which also play a factor when it comes to investing for the long term.
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Reflecting an upward revision from a preliminary reading, Thomson Reuters and the University of Michigan released a report on Friday showing that consumer sentiment unexpectedly improved in the month of August.
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John O'Donnell and Bill Henner discuss social mood with Alan Hall on this installment of Power Trading Radio. John also does his weekly weigh in on his journey to health and physical fitness.
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Private sector activity in Hong Kong declined in August after growing in the previous month, results of a survey by Markit Economics and HSBC Bank showed Wednesday.
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The emerging markets activity increased to the highest level in almost a year and a half in August, results of a survey by Markit Economics and HSBC Bank showed Thursday.
The HSBC emerging markets index, derived from the PMI surveys, rose to 52.5 in August from 51.7 in July. This marked a seventeen-month high.
The increase in activity was driven by the sharp growth in China's service sector activity.
Service sector growth in the emerging markets was strong and almost equal to June's fifteen-month high. Manufacturing output continued to increase at the fastest rate in eight months.
Three of the four largest emerging markets contributed positively to the overall rise in the index with the composite output in China and Russia increasing at an accelerated rate. India's private sector activity grew at a slower rate while Brazil's activity continued to contract.
Total new orders growth recovered its pace and the rate of increase was the joint-fastest in almost a year and a half. Employment levels continued to increase at a stable rate.
Input costs rose at the slowest pace in three months. Output prices continued to grow at a marginal rate.
The HSBC emerging markets future output index, a measure of perceptions on activity in 12 months, fell to the second-lowest level since the series started.
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With most markets at historic levels, Gabe Velazquez shares his thought on why only the Russell 2000 has really good trading opportunities at current levels. This ties into market timing principles and the foundation of Supply & Demand theory. Gabe also answers several listener questions on subjects ranging from stocks to futures. The duo also take a look at the grain markets, which have been clobbered recently.
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So many people are mystified by the Real Estate process, and know very little about it. Diana Hill joins Merlin to break down some of the misconceptions and enter into a discussion about using Real Estate as a multi faceted asset class, not just the typical “Buy your home” angle. The duo looks at using real estate for income generation as well as long term growth prospects. This brings up the eternal question of: to Buy or Rent?!?!? Merlin and Diana weigh in their thoughts and emphasize the importance of having a structured approach to Real Estate, treating it no different than you would trading stocks, commodities, or currencies. Know the rules, have a plan and follow it!
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Employment in the U.S. increased by much less than expected in the month of August, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment increased by 142,000 jobs in August compared to economist estimates for the addition of about 225,000 jobs.
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Japan had a current account surplus of 416.7 billion yen in July, the Ministry of Finance said on Monday - down 30.6 percent on year.
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32 year market trading veteran and regular guest on CNBC, Bloomberg & Fox, Todd “Bubba” Horwitz joins Merlin for a look at many of the pressing issues facing out markets. To begin with the duo looks at how technology has changed the trading floor from 1982 until today, and why Bubba feels it was better before! Later they focus on currencies and how Draghi’ s comments and actions will send currency market reeling. Finally, they look at the big picture for the financial markets and offer insight on where things may be headed next!
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The global economic growth is likely to be slightly above 3 percent this year in the face of geopolitical risks, International Monetary Fund Chief Christine Lagarde said in an interview with the French daily Les Echos.
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The growth is likely to be between 3 and 3.5 percent, she said. Growth is uneven as some countries started growing faster than others.
The IMF is set to release its next World Economic Outlook in October. Earlier the Washington-based lender estimated 3.4 percent global growth for this year.
Lagarde noted that geopolitical crisis in Ukraine is likely to impact Germany and other neighboring nations.
Lagarde said France should stick to its deficit reduction measures despite low inflation. She also urged Germany to support public spending on infrastructure which would also help its neighboring nations.
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The dollar continues to surge to the upside as central banks from around the world rush to crush their currencies. This is having obvious impacts on global markets, and tremendous trading opportunities!! Brandon Tristan spends much of his time in the XLT (Extended Learning Track) helping hundreds of traders hone their trading skills. Brandon shares his thoughts on what he sees happening with the US Dollar as well as other currencies. He also offers some insight into Tesoro.
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With manufacturing output falling for the first time since January, the Federal Reserve released a report on Monday showing that U.S. industrial production unexpectedly decreased in the month of August.
The report said industrial production edged down by 0.1 percent in August after inching up by a downwardly revised 0.2 percent in July.
The modest drop came as a surprise to economists, who had expected production to climb by 0.3 percent compared to the 0.4 percent increase originally reported for the previous month.
The unexpected drop in industrial production came as manufacturing output fell by 0.4 percent in August after rising by 0.7 percent in July.
The Fed noted that the production of motor vehicles and parts tumbled by 7.6 percent in August after jumping by more than 9 percent in July.
Meanwhile, the report also said mining output rose by 0.5 percent in August after dipping by 0.3 percent in the previous month.
Utilities output also surged up by 1.0 percent in August after plunging by 2.7 percent and 2.0 percent in July and June, respectively.
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With a substantial decrease in energy prices more than offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing an unexpected drop in U.S. consumer prices in the month of August.
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A former Broker at FXCM, David Warner is now teaching Forex classes for Online Trading Academy. Coming from a traditional investment background, David shares some of the major things he has learned over the years with Power Trading Radio listeners. Later Merlin and David take a look at a couple currency pairs for potential trading opportunities and suggestions on how to trade economic data releases.
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While the Conference Board released a report on Friday showing a continued increase by its index of leading U.S. economic indicators in the month of August, the pace of growth showed a significant slowdown compared to the previous month.
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Director of the Ayn Rand Institute, Yaron Brook joins John O’Donnell and Merlin Rothfeld for a look at Objectivism and how its principles allow everyone to have the happiest and successful life possible. The trio take a look at what the major obstacles are to happiness in the world, and how big government and education have been at the forefront of the problem.
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With a guest vacancy today, Merlin takes the time to answer many listener questions with topics ranging from the new Alibaba IPO to How to eliminate gap risks in stocks, Diversification to modification of trading platforms and price charts.
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Core consumer prices in Japan were up 3.1 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday.
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John O’Donnell and Merlin Rothfeld are Joined by Dr. Richard Ebeling who takes a look at the current economic situation and its bubble like appearance. The trio take a look at several factors contributing to the problem, as well as several solutions.
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Chairman of Sprott US holdings joins John O’Donnell and Merlin Rothfeld for a look at the booming natural resources market here in the US, and how it plays into the global events. Mr. Rule lays out may factors which support continuation of strength here in the states, not only for oil, but natural gas as well. Then focus turns to Gold and its current fall from grace!
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The European Central Bank on Thursday left its key interest rates unchanged at a record low, in line with economists' expectations, after reducing them in a surprise move last month.
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With employment increasing by far more than anticipated, the Labor Department released a report on Friday showing that the U.S. unemployment rate fell to its lowest level in over six years in the month of September.
The report said non-farm payroll employment jumped by 248,000 jobs in September following an upwardly revised increase of 180,000 jobs in August.
Economists had expected employment to increase by about 215,000 jobs compared to the addition of 142,000 jobs originally reported for the previous month.
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Today’s listeners were treated to a great show with Tillie Allison and also received a copy of her DVD: “How To Retire With More Money Than You Need” , just for calling in. Tillie talks about how investors should be looking at the current market selloff, and what it means to the long term picture. Merlin and Tillie also talk about increasing rates of return, which is a key topic in Tillie’s DVD.
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The International Monetary Fund on Tuesday slashed the growth projections for the world economy and said the recovery remains weak and uneven amid rising financial and geopolitical risks.
In its latest World Economic Outlook, the Washington-based lender cut the global growth projection for this year to 3.3 percent from 3.4 percent predicted in July. The forecast for 2015 was slashed to 3.8 percent from 4 percent.
The downgrade reflects setbacks to economic activity in the advanced economies during the first half of 2014, and a less optimistic outlook for several emerging market economies, the report said.
"These worse prospects are in turn affecting confidence, demand, and growth today," Olivier Blanchard, Economic Counsellor and head of the IMF's Research Department, said.
"In advanced economies, the legacies of the pre-crisis boom and the subsequent recession, notably high debt burdens and unemployment, still cast a shadow on the recovery, and low potential growth ahead is a concern."
Global growth remains "mediocre" as investment has been weaker than expected for sometime and the economic evolution is becoming more differentiated with the pace of recovery turning more country-specific, he noted.
Advanced economies as a whole was forecast to expand 1.8 percent this year, unchanged from the July projection. Next year, the group is expected to grow 2.3 percent, which is slightly slower than the 2.4 percent seen earlier.
The 2014 growth forecast for the U.S. economy was reduced to 2.2 percent from 2.7 percent. The outlook for 2015 was maintained at 3.1 percent.
Eurozone's 2014 growth projection was lowered to 0.8 percent from 1.1 percent. The 18-nation economy is forecast to expand 1.3 percent next year, which is less than the July prediction of 1.5 percent growth.
Germany's growth forecast for this year was cut to 1.4 percent from 1.9 percent and the outlook for next year was slashed to 1.5 percent from 1.7 percent.
Projections for France and Italy were downgraded, while Spain received an upgrade. France was expected to grow 0.4 percent this year and 1 percent next year. The Italian economy was forecast to contract 0.2 percent, but expand 0.8 percent next year.
Spain's 2014 growth forecast was raised to 1.3 percent from 1.2 percent and the projection for 2015 was lifted to 1.7 percent from 1.6 percent.
Outside the euro area, Japan's growth forecast for this year was severely cut to 0.9 percent from 1.6 percent and the projection for next year was lowered to 0.8 percent from 1 percent.
Growth projections for the U.K. were left unchanged at 3.2 percent for this year and 2.7 percent for 2015. Canada saw its forecasts boosted by 0.1 basis point each to 2.3 percent and 2.4 percent, respectively.
Among emerging markets, China's forecasts were maintained at 7.4 percent for this year and 7.1 percent for 2015. India's growth forecast for 2014 was raised to 5.6 percent from 5.4 percent and the outlook for next year was held at 6.4 percent.
Russia's growth forecast for 2014 was kept at 0.2 percent, while the projection for 2015 was cut to 0.5 percent from 1 percent.
The Brazilian economy was projected to grow 0.3 percent this year and 1.4 percent next year. Both figures were revised down.
Mexico's growth forecast for this year was kept at 2.4 percent and the forecast for 2015 raised to 3.5 percent from 3.4 percent.
The report noted that heightened geopolitical risks could prove more persistent, and could also worsen. That may lead to sharply higher fuel prices, trade disruptions, and further economic distress, the IMF warned.
The lender also cautioned that loose financial conditions and consequent yield-hunting could fuel financial excess. "A larger-than-expected increase in U.S. long-term interest rates, geopolitical events, or major growth disappointments could trigger widespread disruption," the report said.
The IMF urged policymakers in advanced economies to avoid prematurely normalizing monetary policy, but to embrace more fiscal adjustment to support the recovery on a long-term basis.
Emerging markets will need to deal with monetary policy normalization in the U.S. and possible shifts in financial market sentiment, the IMF said.
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China's services sector continued to expand in September, albeit at a slower pace, the latest survey from HSBC Bank revealed on Wednesday with a PMI score of 53.5.
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