And relax, we can all breathe easy now the debt ceiling impasse has been resolved. From a personal viewpoint many of us in the analyst community are really looking forward to not having to write words such as; “impasse, deadlock, debt ceiling, Congress etc for a long time.” Oh, what’s that, the agreement is only […]
Debt ceiling resolution sees DJIA rise by 1.3%.. Read More »
There was good news from the European car sector in this mornings financial news, European sales have improved by 5.5%. However, that news needs tempering with the realisation that the numbers bounced up from an incredibly low point reached during the summer months. Sales rose 5.5% during September compared to a year ago, making it
From the outset of this article there would be little point in stating the obvious; that no trader, sticking to their bullet proof trading plan, should ever take a heavy loss. We know traders should limit their risk per trade to no more than 2%, their loss per day should be limited to 4%, and
How to recover from taking a heavy loss Read More »
Finally one of the most respected rating agencies has broken rank over the USA debt ceiling deadlock by technically lowering the USA credit rating. Senate Majority Leader Harry Reid had stated on Tuesday evening (USA time) that the major credit rating agencies were considering a downgrade of the United States “as early as tonight,” as
Fitch Places United States’ ‘AAA’ on Rating Watch Negative Read More »
Europe’s major stock indices are higher this morning, on hopes that the progress made in Washington last night between the opposing Democrats and Republicans will eventually translate into a debt ceiling and budget deal. Senate majority leader Harry Reid increased hopes of a deal last night telling reporters that he and minority leader Mitch McConnell
We’ve all seen those “you can be a winner in FX trading with the right mentality” articles on broker websites and on trading forums. They’re generally penned with a motivational style approach and usually accompanied by images of well dressed, clean cut, good looking traders, giving each other a ‘high five’ over banks of computers
At least once a year traders appear to suffer from a malaise, they become stuck in a market vacuum and it’s not of their own making. It only seems like yesterday that many of us in the analyst community were fretting with regards to the fiscal cliff in the USA, it’ll be approximately eleven months
President Obama; “if GOP can’t resolve debt standoff, we stand a good chance of default” Read More »
We’re not alone in expecting this deadlock debt ceiling situation to be resolved any day soon as it dramatically heads right down ‘to the wire’ (as they are fond of saying in the USA). As we’ve stated on several occasions; once individual greed rears its head, a solution will probably be found. A drop of
Three days until ‘D-Day’ in the USA Read More »
Once again the debt ceiling impasse, at the heart of the USA government, took the centre stage in terms of economic news during the preceding week. The DJIA fell in the early part of the week, flirting with breaking the 200 SMA to the downside, to then rebound on Thursday and Friday due to the
Trend analysis for the week beginning October 13th Read More »
The DJIA rose 2.2% yesterday, by far its best day in 2013. However, with president Obama not making any real tangible improvement with his opposite numbers in the Republican Party, the huge boost in market sentiment experienced on Thursday could evaporate quickly once USA markets open this afternoon. On closer examination nothing actually changed to
