European data has dominated the high impact news items landscape this morning with unemployment for the region being the most dominant news. In the wider area unemployment fell by 162K, with the rate remaining at 12%, just below the analysts’ expectation of 12.1%. The wider European unemployment rate fell from 10.8% to 10.7% in December. […]
OK, perhaps we’re exaggerating with the article title there, but if there’s one indicator available from our extensive library that can help swing/trend traders in their quest to follow price, then the PSAR is surely it. Those simple dots that appear above and below price, if used correctly can prove to be one of the
The parabolic stop and reverse (PSAR) – joining the dots with the king of indicators Read More »
There was plenty of negative economic data circulating in the USA on Thursday, however, despite a raft of poor prints the main indices in the USA defied the data and rose strongly throughout the day. Even poor earnings reports from Google and Amazon only caused a slight ‘wobble’ on the markets, just as the market
After the taper decision by the FOMC yesterday evening, in the overnight trading session Asian shares were sold off as emerging market jitters re-appeared and nowhere were these jitters more evident than in Japan, where the Nikkei index closed down 3.3%. China’s CSI sold off as the manufacturing PMI (courtesy of Markit Economics) came in
Can an improved GDP figure from the USA improve overall market sentiment? Read More »
So you come into this industry (finding it by accident or design) bright eyed, innocent and with massive over ambitions. Then after a few months of fighting with our friend Mr. Market you begin to accept that the ‘game’ is not a walk in the park and you’re going to need to roll your sleeves
As a novice trader what have you learned so far? Read More »
There was something entirely predictable with regards to the ending of the FOMC meeting and the announcement that the Fed is cutting monetary easing by $65 bn, ten billion less than previously. Firstly, it met the expectations of the majority of the economists polled by Reuters and Bloomberg. Secondly, the markets reacted as predicted with
It’s easy this central bank governing thing isn’t it? Economy needs a turbo boost? Start the engines of the printers and create massive amount of liquidity to give the banks by purchasing their..ahem..’assets’ that they want out of. They’re then free to play more of the games that caused the system to nearly have a
There is a certain trading myth that has stood the test of time. It concerns picking your trading time frame and method in order to ‘match’ your personality. The myth suggests that if you’re a adrenaline junky you should trade off tick charts and other low time frames. But if you’re a laid back mañana
Which works best for you; short or longer term trading? Why not both? Read More »
The USA dominated the financial news on Tuesday, starting with durable goods orders which came in down -4.3% for December, after a 2.6% rise in November. Now despite missing expectations (by some margin) and many analysts being shocked, if we take a cursory look at the prints throughout 2013 we can clearly see falls of
The news this morning, that the UK’s economy has reached growth not seen since 2007, has got the UK’s financial news-writers very excited. The latest quarter’s growth came in just a tick below expectations at 0.7%, versus 0.8% previously. At 2.8% growth the figure is only marred by the fall in construction of 0.3% for
UK’s GDP rises to a six year high at 2.8% year on year Read More »
