Sunday evening’s trading session sees a raft of information published from Japan, the final GDP figure is predicted to come in at 0.4%, with the final GDP price predicted to come in at -0.3%, bank lending should come in at 2% improvement. There is important inflation data published on Sunday regarding China’s economy; the CPI […]
Trend trading analysis beginning Sunday December 8th Read More »
Most traders’ eyes will turn to the USA jobs number this afternoon. Given that the other jobs metrics this week have come in very positive the number does have to opportunity to surprise, particularly as the economists polled will have been asked for their predictions and opinions prior to this week’s impressive numbers from ADP,
“Don’t think just do” is a phrase often delivered by sports coaches. The implicit suggestion is that on a sports field, during the ‘heat of battle’, it’s often our instincts that we need to be governed by and not any cerebral motivation or stimulation. The athlete is prepared, primed and in a position to react.
Do we ‘think’ too much when trading? Read More »
The ADP report came in with a far bullish jobs count than many economists had forecast, and on Thursday the jobs subject was centred on the weekly unemployment claims in the USA and those numbers were extremely healthy too. For the first time in months the number dipped below the critical 300K level. The number
USA data continues to impress. Could NFP day in the USA throw up a surprise? Read More »
Equity markets were weaker across the Asia-Pacific region and in Europe on Thursday. Investors are cautious ahead of interest rate decisions in the Eurozone and the UK on Thursday plus the highly-anticipated monthly NFP US jobs report due out Friday. The losses follow a 0.1 per cent pullback in the S&P 500 Wednesday, after a
In many trading articles and on many trading forums, the concept of moving a stop to break even is often discussed. The concept is fairly straightforward to understand; when you’ve entered a trade, you’ve used a stop and you’ve predicted the trade correction correctly, you then simply move the stop to a ‘break even’ position
The USA ADP jobs report, that traditionally precedes the NFP data delivered on the next Friday (this Friday), came in well ahead of the expectations from the economists polled. At 215K it was circa 30K better than expectations, whilst the previous month’s figure was revised up to 185K jobs created. Eyes will now turn to
The UK service sector maintained its recent run of strong growth during November as incoming new business continued to rise at a rapid pace. Capacity remained under pressure and companies took on extra staff to help service rising workloads. There were also signs of price pressures beginning to build. Input cost inflation hit a nine-month
The carry trade is a fascinating phenomenon that FX retail traders should familiarize themselves with. Whilst it’s not necessarily a practice that retail traders can directly implement into the market through their trading, institutional traders (who employ the method to great effect) use the practice continually and as a result directly affect the retail trading
What is the “carry trade” and why is it relevant to FX trading? Read More »
Powered by Black Friday sales promotions and rising incentives, USA auto sales hit a fresh yearly high in November, reaching an unexpectedly high annual selling rate of 16.4 million units. Dealers offered many incentives, some indirectly backed by government initiatives, and finance terms of up to nine years on some models. Auto sales in the
