There are some announcements made and data sets that are published, that take your breath away. The fact that the Chinese economy needs to create 10 million jobs per year and must sustain growth of at least 7.2% to achieve that, is one of the more stunning pronouncements analysts and traders will witness this year. […]
In its meeting in the overnight/early morning trading session Australia’s central bank, the RBA, decided to once again leave its base interest rate at 2.5%. A leading UK think tank, the NIESR, has suggested that the UK’s growth is far too dependent on squeezing its consumers for improvement. The troika re-visits Greece (starting today) to
Greek government begins new talks with troika as UK service sector charges ahead Read More »
Once the rash of European PMIs had been printed on Monday in the European morning session, lunchtime and afternoon was a relatively quiet period for high impact news events. However, the Eurozone’s ‘modest’ manufacturing recovery continues; the Eurozone’s manufacturing sector posted a rise in activity in October, despite French firms posting a weaker performance than
As regular readers of our columns will no doubt testify we often have one eye on the new traders in our community when we pen our articles. Having seen so much erroneous advice offered to new traders, on various forums and through other brokers’ websites, we decided to take a stance and offer what we
The PMIs published for various member states of the Eurozone (and the EZ itself) have been published in the morning European trading session and the numbers point towards a sustained, but slow recovery in the Eurozone area. Spain’s manufacturing PMI came in at 50.9, up from 50.7, whilst Italy’s came in at 50.7 down from
Sunday evening/Monday overnight is a relatively quiet opening for high impact news events, there’s a bank holiday in Japan, whilst late on Monday the retail figures for Australia are produced, with the expectation that the print comes in at 0.5% from the previous month of 0.4%. Overall, the key high impact news events for the
Trend analysis for week beginning November 3rd Read More »
A raft of PMIs, published courtesy of Markit economics, has come in mainly positive in the overnight and early morning European sessions. The UK’s was slightly below expectation, but still above the minimum term trend. Whilst China’s reached an 18 month high. In other news the UK banking sector has fallen this week and RBS
PMIs reveal that UK manufacturing slipped slightly, whilst China reaches 18 month high. Read More »
When traders browse trading forums they’ll notice that the forums are generally sub-dived into various sections. You’ll have: general trading discussion, broker discussions, trading journals, platform discussions and the “anything else” sections. But without a doubt the most eagerly viewed sections, generally by a factor of over 50% versus the other sections, tends to be
Managing your expectations under the pressure of peer performance Read More »
One of the most important weekly high impact news events, the unemployment claims in the USA, came in as the economists polled had predicted. However, the headline figure that the mainstream media led with, actually betrayed the negative information that lay just beneath the surface. Despite the claim count falling the four weekly average is
Jobless Claims in the USA Drop as California Begins To Clear Its ‘Off Grid’ Backlog Read More »
