Stocks were down across most of Asia. The Nikkei fell by 1.6% and Australia was lower by two thirds of a percent, but the Hang Seng and Shanghai lost only 0.3% and 0.4% respectively. European indexes are also lower, with the Footsie and Dax currently off by about a half percent. US stock futures are lower by a third to a half percent.

*The June reading of Japan’s Jobless Rate was up one tenth on the month to 5.3%; it was expected to remain steady at 5.2%. Also, Overall Household Spending however rose 0.5% in June from a year ago, it had been forecast to fall 0.9%.

*The June reading of Japan’s Consumer Price Index, ex-fresh food, was -1.0% on a year over year basis, two tenth less deflation than in May. The July reading of that same CPI measure for Tokyo was steady at -1.3%, a one tenth decline was the estimate.

*The preliminary June reading of Japan’s Industrial Production was surprisingly weak at -1.5% on a month on month basis; the forecast was for +0.2%.

*The June reading of German Retail Sales fell 0.9% on the month, much lower than the expected decline of 0.2%, however the previous monthly change was revised up to +3.0% from +0.4%.

*The July reading of Switzerland’s Leading Economic Indicator was steady at 2.23, a bit short of the forecast.

*St. Louis Fed boss Bullard is on CNBC reiterating the basis of his recent paper that deflation is one possible outcome for the economy and that the Fed would take other action, like more quantitative easing, if the economy weakens.

*The first look at Q2 GDP is due out at 7:30am CDT. Growth is forecast to be +2.6% on a quarter on quarter annualized basis; it was +2.7% in the first quarter. The Q2 reading of the key consumption for Personal Consumption is expected to be +2.4% and the estimate for the Q2 GDP Price Deflator is +1.1%. The Q2 reading of the Core PCE price measure is expected to be +1.0% on a quarter over quarter annualized basis. Also due out at 7:30am is the Q2 reading of the Employment Cost Index, it is forecast to be +0.5%. The July reading of the Chicago Purchasing Managers Index is set to be released at 8:45am CDT, but it will be out three minutes earlier for subscribers; the Chicago Index is expected to fall three points on the month to 56.0. The final July reading of consumer sentiment from the University of Michigan is due out at 8:55am CDT; it is expected to be a half point higher than the preliminary result at 67.0, it was 76.0 in June.

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- About the Author: WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

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This week’s major stock market drop was SHOCKING to many. Even more AMAZING was that Forex Mastery creator Gary Albrecht called the DOW as a SHORT pre-market on Thursday, based on his propriety M3 Forex Navigator software.

Just before it CRATERED and lost over 1000 points in ONE DAY!

… And he did it LIVE in a room full of 400+ traders.

You can see for yourself and watch the entire video here:

==> Visit Forex Mastery 2.0 Website

Gary actually called the crumbling of the DOW months ago by using his system, and then he did it again this week just before it actually happened on Thursday.

In fact His exact words were:

“The DOW is setting up for a MASSIVE retracement”

And later that day we saw one of the biggest drops in US History on the Dow Jones Industrial Average.

Fortunes were made by some no doubt…

But only those who knew ahead of time, and who were short at the open.

Watch the video below to see it unfold:

==> Visit Forex Mastery 2.0 Website

The video is actually a two hour preview of the Forex Mastery system and the M3 Forex Navigator system, which he gave during a Non-Farm Payroll class at OU Forex Trader.

True, Forex Mastery is primarily a Forex Trading system…

But he was showcasing one of the NEW features of the system, a Dow Index he’s created using his proprietary indicators.

So now even STOCK and OPTION traders can benefit as well.

Gary’s call on the DOW was uncanny (maybe even a little SCARY).

If you want to skip to the part specifically, just fast forward until you see the DOW chart less than 1/3 of the way into it.

Just prior to that, while looking at the NEW M3 Market Scanner he mentions the prophetic words above…

I recommend you listen to the entire presentation, because he shows how his entire system works, from start to finish.

(The entire thing is a stroke of financial brilliance…)

Check out the video here:

==> Visit Forex Mastery 2.0 Website

There’s a new sheriff in town when it comes to Forex Trading.

His name is Gary Albrecht, and the Forex Mastery system. But you can’t get your hands on it just yet. Watch the video to find out.

This video will be pulled offline by the end of the weekend, so take a look now while it is still online.

- About the Author: Rob Trader – Forex Expert http://tradingtoollist.co.cc/ Article Source