There were plenty of high impact news events on Thursday to keep analysts on their toes. The USA unemployment claims came in worse than expectations, the USA balance of payments increased sharply, Janet Yellen gave evidence to a senate hearing during her confirmation hearing, Ireland came in for praise for how it’s handled its austerity […]
With a cost of living crisis evident in the UK it wasn’t completely unexpected that the UK’s retail figures might slip, we mentioned as much in our morning roll call section. Many retailers are suggesting anecdotally that their customers are “keeping their hands in their pockets” month to month, payday to payday and with Xmas
There are many successful traders who thrive by keeping their trading methods very simple. They’ll look for the same method of entry, time after time. They won’t detour from their set up and can easily adapt this set up to any form of automation. They look for the same confluence of indicators, or indications, to
What is a high probability set up? And how to develop one… Read More »
The ECB cut interest rates to 0.25% last week and kept the deposit rate at zero. The euro came under pressure on Wednesday after an ECB board member, Peter Praet, hinted the central bank could authorise negative interest rates, or buying assets from banks in the form of quantitative easing, in order to hit its
The UK’s ONS has published its latest unemployment number and on face value the numbers look good and are adding fuel to the belief that, once a level of unemployment of 7% is reached, the BoE governor Mark Carney may have the ‘green light’ to increase the UK’s base interest rate above the 0.5% where
How far into the past should you actually ‘back-test’ a method you’re convinced has a chance of working live in the market? This is a question high on the majority of traders’ agenda. Many experienced traders would immediately suggest that backward testing is irrelevant, only “forward testing is valid” and they’d be right, but only
Back testing your way to discovering a high probability set up and edge Read More »
The UK’s inflation figures were the surprise statistic of the day on Tuesday, and coming in below expectation caused a quick calculation (by many in the analyst community) that the BoE MPC would not be raising interest rates any time soon, causing an immediate sell off in Sterling. Moreover the news was recognised as ‘good’
The UK low inflation figures only tell half the story… Read More »
After the ECB’s base rate cut of 0.25% last week many analysts, including yours truly, believed that the ECB wouldn’t stop there and would pile on the rhetoric and deliver threatening narrative of more interest rate cuts in order to weaken the euro, which the ECB regard as too high and potentially damaging for export
There are many reasons we enter retail trading and there are certain constants, that run through our decision making process eventually leading us into trading as a potential livelihood or hobby. Perhaps the single biggest reason we enter retail trading is to be independent and eventually wealthy and let’s be honest we all indulge in
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Britain’s inflation rate could drop to a six-month low when the monthly measure of the cost of living is released this morning. Many analysts are predicting that the UK’s Consumer Prices Index will drop to 2.5% in October, down from 2.7% in September. This is close to the Bank of England’s 2% target, but still
EC may probe the German trade surplus, whilst UK inflation may fall to 2.5% Read More »
