A very interesting study, regarding the state of many European banks, was published across several of the wires during Thursday. Reuters were citing academic research from Berlin suggesting that, in order to survive the upcoming stress tests the ECB will subject banks to, the banks might need up to one trillion USD in order to […]
In Japan machinery orders have hit a 5-year high, the news could bolster the country’s expansion. Orders of new machinery by businesses, considered a leading indicator of overall capital investment in Japan, rose to a five-year high in November 2013, rising 9.3 per cent to Y882.6bn. The year-on-year increase was the second in two months
In the early stages of our career and relationship with trading we endure many baptisms of fire. One of the most exciting ‘trials of trader life’ we endure is shortly after we discover technical analysis. For many of us our discovery of technical analysis begins with someone, either in person, in a trader school environment,
Is technical analysis a fallacy, do we see what we want to see? Read More »
Optimism was in evidence on both sides of the Atlantic in Wednesday’s trading sessions with Europe particularly bullish as Germany’s main DAX index once again posted a record high. The reason for European bullishness was for two reasons; the Euro area posted a very encouraging trade surplus of €17.1 billion in November 2013, in November
The World Bank has raised its global growth forecast in a report late on Tuesday to 3.2 percent this year from a June estimate of 3 percent. The Washington-based lender maintained its projection for the U.S. economy to expand by 2.8 percent, a one percentage point acceleration from 2013. The forecast for the richest nations
Regular readers of our blog, who subscribe to our weekly Sunday evening “is the trend still your friend?” articles, will have noted that we use several of the most popular indicators in our technical analysis. They are (in no particular order); PSAR, Bollinger bands, MACD, DMI, stochastic lines, RSI and ADX. These seven offer up,
Trading with Bollinger bands, what are they and how to make the best use of them Read More »
Tuesday witnessed a bullish mood enveloping both European and USA markets, with the main USA indices gaining much of the ground lost over recent days. The USA markets were not only buoyed by thin positive data, but by the narrative contained in a speech from a member of the FOMC, Plosser, who stated that the
The countdown to the monthly anniversary of the QE taper on December 18th 2013 begins Read More »
Overnight Japan’s official stats bureau published disappointing trade data in relation to Japan’s balance of payments. The $5.74 billion deficit for November was a recorded high and followed a pattern set out in previous months’ data. Naturally the huge government stimulus, by way of the asset purchase scheme, has severely weakened the yen causing imports
There are many reasons why we become traders; we could be looking for a more exciting destination to place a proportion of our savings. We may be looking to develop a new investment skill; we may need to generate a small part time income in order to cover a few extra bills. Or ultimately we
What kind of account size do you need to give FX a real try? Read More »
USA markets slumped on Monday as the dollar fell to its lowest level in three weeks versus many of its major peers. The reason for the selloff is that analysts are expecting retail sales for the USA to be disappointing when they’re printed today, Tuesday January 14th. The knock on effect is that (as a
