A friend of mine is a director of a leading UK spread betting firm. He has every right to be incredibly proud of his and his company's achievements over the past two decades. That industry has also made massive strides to improve its quality of service and moreover the basic cost of doing business – […]
Spread the Word, Headline Forex Spreads can be Misleading Read More »
It was inevitable that the very strong relief rally the markets enjoyed yesterday was unsustainable. Has there ever been a time in recent trading history were merely the mention of possible solutions by European policy makers can lead to such wild swings of sentiment? We’re still some distance away from implementation of the various mechanisms
Relief Rally Fades as the Reality Bites Read More »
Like followers of religious cults there are traders and analysts utterly devoted to their views on certain indicators or patterns. There is one 'indicator' that, irrespective of its proficiency, manages to capture your imagination far more than those invented in the late twentieth century by esteemed mathematicians and statisticians. This indicator pre dates, by some
Voodoo or Juju? The Mystical Nature of Fibonacci Read More »
Stocks retraced their earlier gains on Wall Street on Tuesday closing 1.33% up on the day having spent the majority of the day up circa 200 points or 2%. Despite the waves of optimism due to the various solutions floated by the official bodies in Euroland the question of Greece once again reared its head
Wall Street Stocks Close 1.33% Up Read More »
Schadenfreude can be described as deriving pleasure from the misfortune of others. This German word has no real direct comparison or translation in the English language. We could extend this word and it's meaning to trading. As traders we fully accept that, to all intents and purposes, our industry and profession is a 'zero sum
Please no laughing at the back of the class, the Polish currency, the zloty, is apparently falling out of favour with investors and speculators. Are you thinking what I’m thinking, that it’s a shame they didn’t ditch their sovereign currency in 2002 and join the euro? Trading humour can be so cruel. The zloty is
The Zloty Loses its Slot Read More »
“Buy on the rumour sell on the news” is a tried and tested market trading approach, traders often make trading decisions based on what they calculate may happen due to any given economic report or event (the rumour). Once the event passes or the report is released (the news), they then ‘dump’ their positions and
Buying the Rumour but Will We Also Buy the News? Read More »
The “rabbit hole” is an accepted metaphor for the conceptual path which leads to the true nature of reality. Infinitesimally deep and complex, venturing too far down is probably not too clever an idea, you have to wonder if beginning to expose just how deep the global economies’ rabbit hole is burrowed will now irreversibly
[quote]A day will come when all nations on our continent will form a European brotherhood. A day will come when we shall see the United States of America and the United States of Europe, face to face, reaching out for each other across the seas. – Victor Hugo 1848.[/quote] In December 1996, the designs for
The Euro is Dead, Long Live the Euro Read More »
So a nuclear physicist, a lawyer and a history student walk into a meeting..if you were expecting a joke, or an ending with a punchline, then I’m sorry to disappoint. The nuclear physicist is Ms. Merkel, the lawyer is Ms. Lagarde and the history student is one George Osborne and this trinity of (supposed) brilliant
Politicians, And Their Three Hats Read More »
