Monday. Despite it only being a medium impact news event many investors will be watching for the UK’s CBI data on realised sales on Monday in order to observe if the poor export print published by the CBI last week has had an overhang effect. It’s a leading indicator of consumer spending as retailer and […]
Trend/swing trading analysis for the week beginning October 27th Read More »
The UK’s latest GDP figure came in as predicted by many of the economists polled, but growth at 1.5% annual is still lower than the 1.6% Q2 2010 figure the coalition government. in the UK inherited from the previous government. Despite the 0.8% rise in activity in the last quarter, Britain’s economy is still 2.5%
UK preliminary GDP figures for third quarter show 0.8% growth. Annual growth at 1.5% Read More »
There is a key phrase that has stood the test of time with regards to news trading; “don’t trade the news, trade the reaction to the news”. This week we had the perfect example of how to trade high impact news as the non-farm payroll print was published 18 days late and came in a
Using and improving your high impact news and fundamental policy analysis Read More »
The department in the USA govt. apparatus responsible for the weekly unemployment claims number, appears to have got ahead of the curve regarding the missing prints from Nevada and California. Thursday’s weekly unemployment claims print came in at 350,000 down 12,000 from the revised figure of 362,000 the previous week. The 4-week moving average was
Despite the optimistic forecasts for improved service and manufacturing PMIs across the Euro area many of the prints published in the early part of the trading session have disappointed. However, this hasn’t deterred the European markets from rallying. Looking towards the USA market open, equity index futures are currently positive, suggesting that the DJIA, SPX
In my early 20’s I was working with a salesman who was a semi-professional snooker player, we got onto the subject of snooker and he told me that if we spent approx. three hours of playing together he could drastically alter my whole game and make me a much better player. He reckoned that under
How quickly new traders can eradicate their bad mistakes and up their ‘game’. Read More »
There was good news regarding the Eurozone and the EA on Wednesday, an official consumer confidence index published by the European Commission showed an improvement. Now despite it coming in at -14.5 that’s actually close to the longer term average of -14 for the Euro Area. Moreover the reading in the E.U. is actually ahead
The timing couldn’t be more coincidental or ironic, just as Chinese banks announce significant write downs due to bad debts, The European Central Bank has announced details of a new ‘stress test’ assessment of the region’s key banks, in an attempt to assess the true quality of the banks’ balance sheets in the run-up to
ECB unveils bank stress test plans as China’s bank write downs spooks the markets Read More »
It’s a sobering thought that one of the most common forms of technical analysis, the candlestick, has been used in ‘markets’ since the 18th century. This cornerstone of analysis has stood the test of time since adopted by modern day traders to attempt to predict which way the markets will move with a degree of
Regular readers of our blog entries will note that on several occasions and on several journal entries this week, we warned our community with regards to the impending NFP job number and how it may be an ‘outlier’ causing over-reaction. We were urging caution due to the jobs data being 18 days late and it
NFP job numbers disappoint but the markets rally regardless Read More »
