Trade What You ‘See’, Not What You Think, Here-Say Is Heresy To FX Traders.. Most traders are familiar with the phrase “trade what you see not what you think”, it’s of particular relevance to technical chart traders who wait for market sentiment and the reaction to news events to eventually ‘bleed’ onto charts. However, like […]
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The EFSF, The European Financial Stability Facility, finally lost its top credit rating with Standard & Poor’s after the rating company downgraded France and Austria amongst several other countries on Friday. After European markets closed today S&P cut the rating of the European Financial Stability Facility, the euro-region bailout fund, to AA+ from AAA. S&P
As The EFSF Is Downgraded Is A Greek Default Now Inevitable? Read More »
The UK Is Back In The Recession It Never Came Out Of. In Reality The USA Is No Different The definition of recessions has altered over the years and varies from country to country and continent to continent. In the UK A recession is defined as two consecutive periods of negative growth. In the USA
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European leaders will this week try to deliver new fiscal rules and cut Greece’s debt burden hoping investors ignore Standard & Poor’s euro-region downgrades. Initially European markets fell on opening as did the Euro which have both recovered to be hovering around positive territory. The thought could be that the French downgrade in particular was
Is The UK Back In Recession? Read More »
The habit of the rating agencies is to announce serious downgrade information on the last trading day of the week, more often than not they’ll encourage the market to adjust to the imminent news (by way of rumors and or leaks) and then deliver the blow once the markets have closed, presumably this is so supposed ‘cool
The Euro Has Fallen 8.5 Percent Versus The Dollar Since October Read More »
Occasionally you’ll get a ‘heads up’ in the form of a fascinating document sent to you by contacts in the industry. Some really are eye-openers, others are ‘slap on the forehead’ “why didn’t I see that?” obvious… Positioned somewhere in the middle of those two descriptions is a document called the forex cheat sheet. The
Sshhh – It's Time To Discuss The Forex Cheat Sheet Read More »
There’s a few fascinating quotations of ‘trader folklore’ that have stood the most testing of times, one of the most prevalent is that only 5-10% of self employed traders are profitable. This supposed firm ‘fact’ is one of the most common misconceptions within the trading community, yet it’s held steadfast as a convicted belief for
Becoming The Forex Trader We Want To Be And Becoming It Now Read More »
“The Creator Made Italy From Designs by Michael Angelo” – Mark Twain 1835-1910 European shares and the single currency have risen on Friday after positive comments on the region’s outlook from the European Central Bank and the success of Spain’s bond auction yesterday, attention is now focused on Italy’s first debt sale of the year.
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It’s actually an urban myth that the great wall of China is “visible from the moon” or visible from orbit with the naked eye unless we’re accepting that using Google earth amounts to the same. The claim the Great Wall is visible has been debunked many times but is still ingrained in popular culture. The
Is China Beginning Its Great Unwind From USA Dollars? Read More »
Before being railroaded and bullied into empty tub thumping rhetoric it might have been worth the European Union mandarins and apparatchiks pulling up an oil supply chart and spotting that cutting off supply from your second largest supplier isn’t the brightest of ideas. Particularly if that biggest supplier has a) pathological habits of over estimating
