European markets have made a steady start since opening this morning with very little in the way of: fundamental policy, high impact news events, or rumours to excite analysts or investors. We’ve received the Italian industrial production number, coming in slightly below expectations at 0.3% up versus the previous month. Year on year the improvement […]
Will the USA debt ceiling issue be an issue over the coming week? Read More »
The week begins with a slow start from the Asian markets given that Japan has a bank holiday on Sunday. From Australia we receive data regarding home loans which is expected to reveal that home loans increased by 1.2% in the latest monthly figure. Whilst on the subject of loans we move onto Chinese data,
Swing-trend analysis for the week beginning Sunday January 12th Read More »
Early morning we received data suggesting that China’s stellar growth has been reduced slightly over recent months, the monthly trade surplus for China came in at $25.64 billion, missing the expectation of $30 bn by some distance. In other early news Australia’s economy delivered some positive news regarding house building, as new homes construction increased
There comes a time, very early on in a new trader’s development, when thoughts will turn to the subject of automation. Whilst automating trades can have many benefits, which we’ll cover in this article, traders must be absolutely 100% sure that they’re fully committed to and have absolute unwavering confidence in the method element of
Should I stay with manual trading FX or move over to automation? Read More »
Employment and unemployment numbers were the big news events on Thursday for the USA and the news was very positive, particularly the ‘Challenger Report’ which announced the lowest level of layoffs since 1997, a quite incredible and very welcome bullish statistic. Further the USA weekly unemployment numbers came in slightly better than forecast, with 15,000
France’s trade balance came in below expectations at €5.7bn this morning, worse than the €4.6 bn predicted by analysts polled and an increase on the €4.8 bn print from the previous month. Whilst not a huge miss the figure does add to the belief amongst many analysts that France still has some distance to travel
Each trading day, in our various articles and blog entries, we discuss the medium-high impact news events and any fundamental policy decisions that may move the market. Once traders are past the apprentice stage they’ll quickly realise that it is in fact fundamental issues and news events that move the market ahead of any ‘lines
Which news events actually move the markets and how can we use them to good effect? Read More »
The ADP private payroll data from the USA came in ahead of expectations on Wednesday at 238K jobs created in December, with an anticipation of 199K. This print is adding to belief that the NFP number, to be printed this Friday, will also ‘surprise’ the market with a better than forecast print. The anticipation is
Dollar rises to four month high after latest FOMC minutes are released Wednesday evening Read More »
There has been frenetic activity in the UK retail sector this morning with several famous high street names announcing their Xmas period performance. As always some of them suggested that they’d had the “best ever Xmas in the history of the universe” but then, as we peel back the skin of the announcements, we find
There are many aspects of FX trading that elevate us beyond our base level understanding of the usual mathematics involved. These aspects can spark the curious and creative elements which exist in all of us. The use of Fibonacci is one such creative phenomenon that, when you begin to examine and research it in more
