The Traderszone Network

MNI with the numbers
– Prior 53.5
– New orders 56.5 vs 56.0 prior
– Export orders 48.0 vs 49.5 prior
– Employment 52.7 vs 55.5 prior
– Prices paid 44.0 vs 49.5 prior
Well that’s a spoiler

The pace of growth in the U.S. manufacturing sector slowed in July and disappointed expectations, an industry report showed.

On Friday, we checked in on the Pentagon’s ongoing effort to recruit, vet, and train ambitious “freedom fighters” to join the battle against ISIS in Syria. 

read more

At the start of the year when Vice President Joe Biden said he wouldn’t decide whether to enter the presidential race until the summer, the timetable didn’t seem to make sense.
read more

100 and 200 bar MA converge
The EURUSD is hanging near the lows for the trading day. The range was extended after the US 8:30 AM ET data, but only by a pip or two.  For the day, the range is a small 55 pips. The average over the last 22 trading days is 116 pips.  There is room to roam.  The price is rebounding now toward what has been a remembered area between 1.0961 and 1.0968. if the sellers are to remain in control, the price should remain below this area (risk for sellers).

Transocean’s management has been deliberately taking huge hits to the income statement now in hopes of a better future ahead.

Investors actually expect a decline in earnings this quarter, but the company has a long history of surprises.