The DJIA pushed back through the critical 16500 handle on Tuesday as a much better than anticipated balance of payments print for the USA cheered American investors. The market was expecting a print of circa $40 billion as a deficit, but the figure came in at $34.3 billion and looking at historical precedents it’s a […]
In a nomination widely tipped to go ahead without much resistance the US Senate on Monday finally approved Janet Yellen as head of the Federal Reserve to take over from Ben Bernanke, making her the first female chief of the US central bank. She was approved in a 56-26 vote, with some senators, who had
UK car sales motor ahead as Germany’s unemployment numbers fall by 15,000 Read More »
Impatience Why are we so impatient when it comes to trading? We set out in our trading plan exactly when, why and where we’re going to take trades. And yet in the ‘heat of battle’ we’ll close the trades too early, or we’ll enter too early, which can have the effect of seriously damaging our
Two economic indices for the USA came in below expectations leading to a muted session on Wall St. with the main indices selling off moderately. The ISM non-manufacturing print came in at 53, whilst the Markit services PMI came in at 55.7. These poor prints also partly led to a selloff in the USD for
The main high impact news events of this morning and overnight concerns Markit Economics’ PMIs. The UK’s services PMI fell unexpectedly in December, the reading fell from 60 to 58.8, a six month low. Now whilst the accompanying narrative from Markit continued to bolster and cheer-lead the UK’s performance, the fact is that the data
German preliminary CPI, month on month, begins the news likely to impact on the markets on Monday, the last increase was by 0.2%, with the expectation that the December print will come in at a similar value. Thereafter, a raft of European services PMIs, courtesy of Markit Economics, dominates the morning session in terms of
Swing/trend analysis for week beginning Sunday January 5th 2014 Read More »
There were several data prints published on Friday morning concerning the UK economy that were extremely bullish. UK house prices have increased by circa 8.3% year on year according to one of the UK’s major lenders the Nationwide. Similarly mortgage lending came in just above the 70K for the month of December, a level not
You’re not alone if you’ve experienced real ‘down on yourself’ moments in trading. Thoughts of giving up, smashing up your monitors, dropping your laptop from the upstairs windows and watching it crash onto the concrete below, are all thoughts we’ve had from time to time and what’s worse, some of us have turned those thoughts
Thursday saw the main indices and the FX market spark into life after the holiday break. Many European markets sold off considerably in the USA afternoon session, despite the promising PMIs published by Markit Economics in the morning session, then followed by a promising USA manufacturing PMI. Similarly the selloff continued in the USA session
WTI oil crashes by 3% as USA and European markets sold off on Thursday Read More »
Markit Economics have published a raft of manufacturing PMIs overnight and early morning. China’s print indicated a stall, whilst Europe’s indicated a gain and therefore a recovery in the overall manufacturing sector. The UK’s PMI fell by close on a point, suggesting that the UK’s recent advance may have reached a high water mark. France’s
Markit Economics PMIs indicate positive manufacturing growth for the European region Read More »
