Simple Forex System Trading

The U.S. mortgage rate as of February 27, 2008With Bernanke’s comments on the current condition of the US economy and hints of another rate cut, the bond market does not seem to agree with the Fed.  Just about a month ago, the 10-year note was hitting 3.5% which brought the 30-year mortgage rate down to 5.4%.  After the Fed’s aggressive rate cut by 125 points, the bond market price has been falling.  The 10-year note is now pushing towards 4%, and the 30-year mortgage rate is standing at 6.10%.

February: -60

Cumulative Results (Since 10/01/07): +390

This is a question everyone’s asking.  We are seeing more layoffs.  Companies are cutting back IT spending and travel budgets.  Are we really facing a full-scale recession?

Saxo Bank’s Head of Strategy, David Karsbøl, believes recession is already upon us.  He used 13 key indicators to gauge the economy.  Here’s why.

Result from 2/20 trade:  +7

February: -30

Cumulative Results (Since 10/01/07): +420