FXStreet has been kind enough to offer a €150 discount to my students and subscribers.  Simply enter the discount code sp1478645 when you make your payment and the discount will be applied.

If you haven’t considered attending or don’t know what it is, please visit the website at www.traders-conference.com for the description, details and schedule.

It is a fairly intimate setting with limited seating set at 70 attendees.  This is a unique conference in that, not only will you be hearing from experts from all niches of forex, but you will be trading live directly with those experts during most of the conference time.

There is simply no substitute for face to face interaction with your teachers.

I hope you’ll reserve a spot now and remember to apply the code sp1478645 to receive your discount.

See you there!
Triffany

I’m absolutely thrilled and honored to be a speaker there this year and will be so excited to meet some of my favorite traders there:  Mike Baghdady, Chris Capre, Rob Booker, Todd Gordon, Boris Schlossberg and Cornelius Luca.

I would be even more excited to have the honor of your presence there as well.  I brag about my students ALL of the time.  Especially those of you who I know really well through the Trader Development Course and 1 on 1 sessions.  I’m so proud of you and I’m so grateful that you’ve trusted me with your education.  I would absolutely LOVE to meet you in person.

If you’re able, it would be so great if you could join me in Barcelona.

We’ll have a chance to get to know one another right out of the gate, with a dinner on Wednesday night.

There will be keynote speeches on a variety of topics as well as 3 live trading sessions, 1 during the NY session and 2 during the European sessions, where you’ll work, in small groups, interactively with the experts.

Then we’ll top it all off with with an end of conference reception.

Right now until the end of June you can sign up for 600E to take advantage of their early bird special – that’s a 200Eur discount.

There’s only room for 70 attendees and it is first come, first serve.

For more information and to register use this link.

I hope to see you there.

This month’s US Personal Consumption vs Personal Income numbers are actually in an unfavorable contrast with each other.  While personal income decreased, (not much but decreased all the same) from .3% to 0% the percentage that represents the change in the total value of American wage-earners has actually vascillated very little within it’s range between 0 and .4% since last Fall.  On the flip side personal consumption actually grew, a mere .3% but grew none the less and continues to grow, bit by bit over that same timeframe.

The fact that US wage earners are winning some, losing some on the income side of the ledger but continue to gradually spend may be signs that they’re prematurely changing their habits conducive to that of a stabilized economy.

We’ve had good signs of stabilization, and that’s wonderful, but US consumers need to be careful about getting too excited too quickly or we could easily find our way back in the red.

Why do you think American’s are steadily spending more before we’re out of this crisis?  Do you think that behavior will help or hurt the US economy on the whole?

As we’re seeing in the charts, the Canadian dollar has not succumbed to that same, fear-driven, pressure however.  Why not?  Well, it may have a lot to do with a lot of very good news expected to come out of the country this week.  Largely they’ve already reported fantastic Gross Domestic Product (GDP) numbers, both annualized 4Q as well as monthly, with an increase from .4 to a whopping 5% and from .4 to .6% for Dec (respectively).  In addition, analysts expect Canada to add to that good news on Thursday with a significant, expansionary increase of their Ivey Purchasing Manager’ Index (Ivey PMI) which acts as a measure of Canadian organizations and industries confidence in the economy overall.

While these numbers go a long way toward considering CAD strength they do not stand alone.  As with any business or economy just producing things and having faith are not enough to make a profit. If you do not have someone on the other end who buys them from you you’re just stuck with a lot of inventory (not to mention the bills).  Since the US is Canada’s largest trading partner (and vice versa), it is good fortune that the US is showing its own signs of stabilization and willingness to purchase again.  That can only mean good things for the CAD overall, but this week in particular as it continues to hold its ground against the USD.