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Roger and Merlin’s friendship dates back to 1998 when they both traded on the floor at Block trading in Irvine California. The duo talks about the old days from the trading floor and things they learned along the way. They then turn to the evolution of Online Trading Academy’s course content and how it has drastically improved over the years.
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Alone in studio, Merlin looks to answer several listener questions covering a wide variety of currencies and commodities. Merlin focuses on the Euro, and offers some insights as to what to expect from the ECB press conference on Thursday. He also looks at gold and the potential to jump on the momentum.
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Master trader and instructor, Jose Blasco joins Merlin for a look at the big ECB announcement today and helps listeners understand how he approaches currency hedging. He also talks about his use of options and the various techniques used in the ProActive Investor program at Online Trading Academy. The duo take a look at some very key levels quickly approaching on the Euro and the US Dollar.
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Environmentalism takes center stage to start the show! John O’Donnell, Merlin Rothfeld and Dr. George Reisman take a look at an article by Dr. Reisman titled “The Toxicity of Environmentalism”, and how industry in the US has paid the price due to environmentalists. John and Merlin also discuss the Euro and the impact on the US Dollar.
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Consumer confidence in the U.S. has seen a substantial improvement in the month of January, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in over seven years.
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After reporting an unexpected drop in sales of new single-family houses in the previous month, the Commerce Department released a report on Tuesday showing that U.S. new home sales rebounded by more than anticipated in the month of December.
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The Euro showed a little strength, while the dollar took a breather! Reggie Ringgold joins Power Trading Radio to offer his thoughts on the trend for both of these currencies and much more. The duo take a look at how the recent Greek elections may impact the Euro going forward and possibly global currencies.
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Switzerland's economy is set to contract this year owing to the 'franc-shock' and falling oil prices, the KOF Swiss Economic Institute said Wednesday.
The Zurich-based think-tank slashed the growth projection for this year to -0.5 percent from 1.9 percent seen in December. The forecast for next year was cut to zero from 2.1 percent.
Growth was estimated at 2 percent for 2014, a tad above the December projection of 1.9 percent.
"The Swiss economy is expected to experience a short recession in the summer semester of 2015," KOF said.
"The direct effect on the Swiss business cycle of the increase in the value of the franc will be felt on the export market."
On January 15, the Swiss National Bank unexpectedly abandoned the euro-franc currency ceiling that was in place since 2011. This resulted in a surge in the value of franc, which has since hovered near parity with the euro.
The KOF said a fall in the price of oil will result in a significant fall in earnings from the international oil trade, which is largely administered from Switzerland. Further, real value creation will fall because the stronger franc will make exports of goods more expensive whilst also making it more difficult to export tourist services.
The institute expects exports to fall 1.4 percent this year, in contrast to its December forecast of 5 percent growth. Imports are seen rising 1.5 percent, which is weaker than the previous projection of 3.3 percent.
The unemployment rate is forecast to rise to 3.4 percent this year from 3.2 percent last year. The figure is expected to jump to 4.1 percent next year. In December, KOF had predicted jobless rates of 3.1 percent for this year as well as next.
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Partly reflecting fewer homes available for sale and a slight acceleration in prices, the National Association of Realtors released a report on Thursday unexpectedly showing a sharp drop in U.S. pending home sales in the month of December.
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Former CME floor trader Bob Dunn joins Merlin for a show revolving around trading Currencies through the futures market. Bob stresses the difference between the terms “Currencies and Forex”, citing significant differences. Bob also shares with listeners some stories from the trading floor days.
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Russia's central bank on Friday cut its key interest rate, after raising it massively in December to shore up the ruble, in a bid to underpin economic activity that remains hurt by falling oil prices and economic sanctions.
The Bank of Russia Board of Directors decided to reduce the key rate to 15.00 percent from 17.00 percent. Economists had expected the bank to retain the policy rate.
"The decision taken is aimed at averting the sizeable decline in economic activity against the background of negative external factors," the bank said. The West targeted Russia and some of its citizens with economic sanctions after the annexation of Crimea by the country and the standoff with Ukraine.
On December 15, the central bank unexpectedly hiked the rate to 17.00 percent from 10.50 percent, just a week after raising it by 100 basis points. The hikes were aimed at limiting the slide in the ruble and risks to inflation, the bank had said. Interest rates were raised six times last year.
At the start of this week, Standard & Poor's downgraded Russia's sovereign credit rating to below investment grade for the first time in more than a decade. The rating agency cut the country's sovereign credit rating to "BB+" from "BBB-". The rating outlook is negative.
Earlier this month, Fitch Ratings downgraded Russia to its lowest investment grade, followed by Moody's Investors Service.
The central bank attributed the rate cut to "the shift in the balance of risks of accelerated consumer price growth and cooling economy". The massive hike in December led to stabilization of inflation and depreciation expectations to the extent expected, the bank said.
The bank forecast inflation to be lower than 10 percent in January 2016 and said the current surge in inflation was due to accelerated price adjustment to the ruble depreciation being time-limited. Inflation pressure will be curbed by slowdown in economic activity, the bank said.
In 2014, Russia's inflation was 11.4 percent and core inflation was 11.2 percent. Monthly inflation was forecast to ease slightly this month from 2.6 percent in December. However, the bank expects annual inflation to continue the upward trend with a peak in the second quarter of 2015.
"The ruble depreciation will further affect the prices of goods and services contributing to the likely increase in annual inflation in the next months," the bank said.
"Nevertheless, inflation and inflation expectations are forecasted to decrease as the economy gradually adjusts to changing external conditions and the impact of the exchange rate dynamics on prices exhausts."
Further, subdued aggregate demand as well as slightly tight fiscal policy would also lead to slowdown in consumer prices, the bank added.
The bank also estimated 2014 economic growth at 0.6 percent and predicted 'substantial decrease of output' due to falling oil prices and foreign economic sanctions on Russian borrowers. It forecast -3.2 percent growth for the first half of this year.
Russian central bank policymakers will on March 13 to decide on interest rates.
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The “Ambassador of Opportunity” joins Merlin to help break down the terrible start to 2015. The duo take a look at the growing problems in Europe, the glimmer of hope for gold, The gibberish being spewed by the Fed, and much more!
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Teaching a Forex class this week, Mike McMahon joins Merlin for a look at what he and his students have been analyzing. Mike and merlin look at The Euro, Dollar, Swiss Franc, Oil, Gold and much more. Mike also offers his outlook on Oil, which he called to bounce on last week’s show. 24% bounce in 6 days isn’t bad! Where is it going next? Tune in and find out!
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Oil continued its roller coaster ride Wednesday, giving back much of its gains from the last 3 trading sessions. Trader, Steve Bobbitt joins Merlin to offer his insights into why this extreme volatility is happening and why it will persist. Steve also offers a forecast for the bottom in oil! The duo also look at the Euro, and the US equity market position going forward.
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The mastermind behind the Online Trading Academy’s Patented trading methodology, Sam Seiden joins Merlin to take a look at the new financial education program being rolled out. Sam points out why there is such a need for mass education in many areas of our lives, areas where big corporations have been teaching us to do the wrong thing! The duo also takes a look at Crude Oil and market timing principles.
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The week ended with indices clawing into positive territory for the year, and a major bounce in crude oil. John and Merlin take a look at many different aspects of the markets including oil, gold, risk management and the first “Donkey of the Day” for 2015!
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India's economic growth remained strong in the three months to December, albeit an easing in the pace of expansion, figures calculated by the Central Statistics Office under a new methodology showed Monday.
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India's economic growth is set to improve in the fiscal year ending March on the back of stronger performance by manufacturing, construction and services sectors, official estimates based on a new calculation methodology suggested Monday. Gross domestic product grew 7.4 percent in 2014-15, the Central Statistics Office said.
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Justin Krebs joins Merlin for a thorough look at many different listener questions. The duo takes a look at the Aussie Dollar, Canadian Dollar, Japanese Yen, Suisse Franc, Dollar index, Fibonacci and much more!
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With sales by gas stations showing another substantial decrease, the Commerce Department released a report on Thursday showing that U.S. retail sales fell by more than anticipated in the month of January.
EURUSD M5: 44 pips price movement by USD - Retail Sales news event :
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John O’Donnell is joined by Dr. Mark Thornton of Mises Institute and they discuss JM Keynes vs Jean Bapiste Say methods to create wealth and the role of Say’s Law. Mark and John also discuss 2015 capital market forecasts, and why QE is not working in Japan, Europe, and the USA. They also get into James Grant's new bestselling book The Forgotten Depression and how it outlines the solution to cure recessions and depressions without QE and other money printing schemes.
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The European soap opera continues with the new Greece bailout deal! Is it a good thing, or just another Band-Aid on a much bigger problem? Master trader Tim Pesut joins Merlin to take a look at the Euro, Canadian Dollar, Pound, and Aussie dollar. Tim and Merlin analyze the charts and offer their thoughts on currency levels and direction.
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Switzerland's trade surplus increased unexpectedly in January, figures from the Swiss Federal Customs Administration revealed Thursday.
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After reporting increases in first-time claims for U.S. unemployment benefits in the two previous weeks, the Labor Department released a report on Thursday showing that initial jobless claims pulled back by more than expected in the week ended February 14th.
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After reporting a sharp increase in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that its consumer confidence index pulled back by more than expected in the month of February.
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Mike and Merlin start things off by analyzing the Aussie Dollar and potential trade opportunities going forward. Focus then shifts to one of the larger Forex brokers stock as a listener is holding thousands of shares! Finally, Mike talks about how to capitalize on the current oil price by looking for strong dividend plays.
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Over the past week, many listeners have expressed frustration with no quality supply levels on the major market indexes. Gabe Velazquez joins Merlin to look at alternatives to trading the indexes, and talks about how he is trading these markets. The duo also look at the surge in the US Dollar and how it is impacting and creating trading opportunities with currency futures.
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India's government sees room for big bang reforms and robust economic growth in the fiscal year ending March 2016, the Economic Survey 2014-15, released the Finance Ministry, said on Friday. Economic growth is expected to exceed 8 percent in fiscal 2015-16 and, at market prices, the new estimate implies growth of 8.1-8.5 percent in 2015-16, the survey said.
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With so many speculating on when the fed will ultimately raise interst rates, Master trader Don Dawson prefers to follow the money! Back in September of 2014, the money said the big boys were betting on June for a hike, and things have changed! Don walks through his method for spotting what the institutions are doing, and also offers some insights into popular commodity futures such as grains and interest rate products.
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Master trader and coach, Gabe Velazques joins Merlin in studio to talk about his current Pro Trader class at Online Trading Academy. The duo talk about how the markets have evolved and created the need for understanding multiple asset classes to help trading performance. They also stress the importance of a trading plan and journaling. Stocks covered in this show: QQQ, SPY, DIA, IWM, NFLX, USO
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Wednesday started off looking like a typical down day, nice gap down, nice trend down.. then the 5’3” sorceress of the markets, Janet Yellen decided to remove the word “Patience” from her comments and the markets went NUTS! Tillie and Merlin take a look at how this impacts the markets going forward, including bonds, equity markets, currencies and more.
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Manufacturing activity in the Philadelphia region has increased at a modest pace in the month of March, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, although the index of regional manufacturing activity unexpectedly showed a slight decrease.
EURUSD M5: 32 pips price movement by USD - Philly Fed Manufacturing Index news event :
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While Power Trading Radio generally focuses on trading of the major markets, financial intelligence stretches much broader across our lives. Trader and Author, Debbie Hague joins Merlin to help listeners understand the impact of financial decisions on their lives. Most learn about financial matters from those who stand to profit the most from you buying what they sell. Things like Annuities, 401k’s, Cars, student loans etc. With a little understanding of how it all fits together, the average person can make these important decisions by themselves, saving huge amounts of money!
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After reporting a steep drop in existing home sales in the U.S. in the previous, the National Association of Realtors released a report on Monday showing a rebound in existing home sales in the month of February.
XAUUSD M5: 6.03 dollars (603 pips) price movement by USD - Existing Home Sales news event:
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Merlin breaks down the major events of the week and adds color commentary to our current market situation. He also takes a look at the European markets for trading opportunities as the dollar continues to rally, providing great international plays.
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Alone in studio, Merlin answers as many listener questions as he can! This show features lots of chart analysis and current market commentary, and insights into the way the financial markets really work. Tune in and see what stocks listeners want to talk about!
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With orders for transportation equipment showing a notable pullback, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured durable goods unexpectedly decreased in the month of February.
USDCAD M5: 37 pips price range movement by USD - Durable Goods Orders news event:
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EURUSD M5: 40 pips price range movement by USD - Durable Goods Orders news event:
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Merlin and Scott scour the markets for trading opportunities which are abundant given the recent fed meeting! The duo takes a look at the essence of the feds actions as well as how it has impacted the US Dollar and the global commodity markets.
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The Federal Reserve is on the verge of raising rates for the first time in 9 years! What will the impacts be, and how can you position your portfolio to reap the biggest rewards? Tune in to find out how long term investors should embrace these upcoming market changes. Darek and Merlin also look at listener questions regarding gap protection and employee sponsored 401k programs.
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Political Economy editor at Forbes, John Tamny joins John O’Donnell and Merlin Rothfeld for a look at how the government is slowing Economic Growth, and wasting our money. The trio discuss government spending, the dollar and the healthy justification for recessions.
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