Letter from the Editor

This month’s newsletter contains a variety of information and we hope find some of it to be useful in your pursuit of profits in the markets.

As traders, we often get caught up in small stuff and forget about the big picture - knowing when news will move markets is critical to success. In Forex, economic data represents the fundamental inputs that traders should be aware of. We reprint an article from the Online Trading Academy web site describing some of the more important indicators which can drive stocks, bonds, and Forex prices.

In stocks, fundamentals are commonly thought of as ratios. Crestmont Research recently completed a report on the P/E ratio and their detailed study includes a chart which shows that P/E ratios have been range bound for decades. Enterprising technical analysts may consider applying indicators to this data to forecast long-term trends.

We also added a feature last month that allows you to prepare the newsletter for printing in its entirety with a single click. Please let us know if you have any suggestions for additional improvements.

Sincerely,

Mike Carr, CMT