Weekly Forex Update- The Fiscal Cliff Meltdown

As we seen over the past two weeks with equities selling off like over 300 points on the dow after the USA presidential election.  Yes,  allot had to do with the shock factor of Obama being re-elected and the markets really wanted Romney but allot more had to do with ECB President Mario Draghi saying that the outlook for the European economy is weak, and will not be improving any time soon.  The markets tanked,  and the selling hasn't looked back from that point.

Allot of traders in Forex, Options and even stocks thought we would see some bounce and some solid retracement to test this plunge down but it just hasn't happened.  Even from the beginning of this week markets are not happy about this weeks "Fiscal Cliff" uncertainty and the hope of some bipartisan participation between the House Speaker Boehner and new re-elected president Obama.  And so far what we are seeing isn't looking good for any deal to be made fast, hopefully this will end with something agreeable on both sides to avoid default and also improve markets.

If you've noticed yesterdays market there's been allot of Yen weakness including watching the Aussie sell off for a nice short if you were like me and trading the London Session.   But the better trade was really the buy for the USD/JPY which made a strong push up with allot of volume which is more of a rare thing for this pair.  But in light of how markets have been reacting lately, anything is possible right now.  "Sow bean" futures have been taking money off the table and taking profits before we get close to end of year slow down. And with this much fear and uncertainty about a continued sell off the longs are taking their profits while they still can.

I remain bearish on the markets right now but be very careful in these types of uncertain markets trading.

have a great week----
and for all you traders, "sleep with one eye open!"

-david

Legit Online Jobs

If you've ever been looking for a part time job or some additional income than you've been just like me looking though the search engines to find something that's a real job and not another scam!  It's been tough for me looking--most places want to charge you a fee if its for survey opportunities, secret shopper, or some other computer based work that's kinda unknown until you fork over the cash.

Thankfully I'm happy to say I've found three companies that I'm pretty confident are legitimate, don't require you to pay any upfront fee's and are looking for real people to hire and employ from the comfort of your home.
The majority of these jobs are internet search related, specifically with search evaluations, search query research, development with companies like google, bing etc.
If you've ever wondered how does google understand my mispelled words and correct them, or how does bing pull that exact search I'm looking for with my keywords and original intent.  This is determined on a daily basis by folks like you and I who work through the bugs and really improve search engine query's to make things better for everyone who searches the internet.  These home-based jobs are more of a part time nature, now there are opportunities to work 40 hours a week doing this, but the majority I've seen really are for those looking to work 2-3 hours a day. As far as pay is concerned I've seen companies starting pay at around $13/hr to start and as high as $34/hr for more experienced folks.

But let me be clear this stuff isn't a cake walk-- I've done some of the work myself and its very detailed oriented work that has to be very specific to answer and improve these search query questions
The testing from one company is pretty difficult and the majority of people don't pass the open book exam and are not allowed to take the exam again unless they are making a special exception for you.

Well lets get to my 3 top choices:

1. LionBridge-  a global company focusing on translation, development and testing solutions to help clients all over the world.  Offices in belgium, canada, china, finland, france, germany, india, italy and many more.  2011 Gross Revenue was 428 Million.   more info:  http://en-us.lionbridge.com/

2. LeapForce-   a company that was started in 2008 and has contracted with companies like Google to hire over 200,000 independent contractors who get to create their own work schedules from home as long as they complete 200 evaluation tasks each 30 days.  There testing evaluation is tough but this is a great opportunity if your looking to make some additional cash!  more info: http://www.leapforceathome.com/

3. Appen Butler Hill- a world wide company focusing on computational linguistics, phonetics and phonology, terminology, lexicography, corpus collection and linguistic testing, and among others. for more info on jobs available:
http://www.appenbutlerhill.com/freelance_work