In a relatively quiet news day, due to the USA and Canada markets being closed for a bank holiday, the Greek parliament no confidence vote ended in a damp squib for the party that brought the motion. Japan’s current account balance was boosted massively by its export business smashing analysts’ expectations by some considerable margin. […]
Is Japan’s economic policy beginning to reap rewards? Read More »
We begin our analysis with a detailed analysis of the upcoming fundamental policy and high impact news events that will affect the coming week’s trading sessions. Thereafter we’ll move onto technical analysis using the most commonly favoured trend/swing indicators. Monday sees several bank holidays that will affect the volume of trading activity during the
Trend analysis for the week beginning November 10th Read More »
The USA non farm payroll (NFP) print will take centre stage in terms of high impact news events this afternoon. The expectation is for a print of circa 121K for the month of October. Various talking heads in the mainstream financial press will look to place the ‘blame’ for the poor print (if it does
As many traders begin to adapt to their potential new trading career they’ll encounter many hurdles on their journey towards “trader enlightenment”. Many of the hurdles they face are placed there by themselves; greed and fear being the two most obvious. But there’s a list of other obstacles new traders will face and need to
What aspects of trading do we find the hardest and why? Read More »
It’s not often we enjoy (or endure) trading sessions so high on drama from all angles, but Thursday was one such day. And for the most part the news was all positive. We had falling unemployment claims in the USA (falling by circa 9K to 336K) whilst USA GDP rose further than expected, up by
The major high impact news events and policy decisions in today’s trading sessions concern the interest rate setting in the UK and by the ECB for Europe. Both rates expected to remain static at 0.5%. The notes and speeches accompanying each rate setting decision will be more eagerly awaited than the decisions, given the potential
If we were to indulge in a sweeping generalization and select a group of people as being totally unsuited to retail trading, then those with a scientific background, or quantitative mathematics background, would probably come closest. These groups could be best described as refusing to accept that price is random. Many become fixated on finding
The ECB will leave its main refinancing rate at a record low of 0.5 percent on Thursday, according to 67 of 70 economists surveyed by Bloomberg News. Bank of America, Royal Bank of Scotland Group and UBS predict that the ECB will reduce borrowing costs by 25 basis points to a record low of 0.25%.
The eurozone private sector maintained its fragile and modest economic recovery at the start of the final quarter of 2013. October PMI data from Markit signalled that business activity in the currency union expanded for the fourth successive month. Although a slight dip in the final Markit Eurozone PMI Composite Output Index to 51.9 in
In many of our trading articles, featured in our between the lines section of our blog, we stress the importance of keeping a trading journal as part of our overall trading plan. But what should we put in the journal and how does it differ from what should feature in our trading plan? The trading
Why we must keep a trading journal in our early trading years Read More »
