Disappointing economic data from Japan and a further decline in China’s currency had Asian equities experiencing a mixed session overnight/early morning on Friday. The renminbi, which is tightly guided by the Chinese central bank, fell by up to 0.90 per cent against the US dollar. This is now the currency’s ninth day of declines. From […]
Moving on in the series regarding the swing trading indicators that we favour using in our “is the trend still your friend?” weekly trend trading analysis articles we now come to the ADX… One of the simplest indicators to use it’s not only much maligned, but also misunderstood and rarely used, or used correctly by
The ADX, the average directional index. How to use it and when Read More »
In a busy afternoon for policy decisions, commentary and high impact news event, it was the two heads of both the Federal Reserve and the ECB who took centre stage.. Janet Yellen appeared to commit to further monetary easing tapering, although rather wisely she’s been hedging her bets by suggesting that she’ll need to look
Stocks in Australia and the Aussie as a currency versus its major peers fell sharply as a report showed business investment in Australia has collapsed to a multiyear low. Fears that the extremely one dimensional miraculous economic activity in Australia could be reaching an organic end; carving out chunks of your land, to then filter
Can readers recall how their closest nearest and dearest relatives reacted when they were told they were considering trading the markets? This author recalls the day as if it were yesterday when he told his wife (over ten years ago) that he was considering “opening up a spread-betting account” in order to trade the DJIA
Selling FX trading to a close relative whilst stressing the positive outcomes Read More »
In a relatively quiet afternoon session for high impact news and policy decisions the main news concerning the USA was in relation to the increase in new home sales which unexpectedly climbed in January to the highest level in more than five years, showing underlying strength in the industry even in the midst of an
Asian equities came under pressure in the overnight/early morning session as investors still faced up to uncertainty over Chinese policymakers’ intentions regarding the country’s currency, this followed a subdued session on Wall Street on Tuesday. China’s tightly controlled currency, the renminbi, has now fallen for the seventh consecutive trading day. The Chinese currency fell by
There’s nothing wrong with dreaming in our industry, so long as those dreams are realistic. After all, if we weren’t extremely ambitious in relation to our trading then we’d need to quickly find another profession, or hobby. But how do we temper those ambitions in order to set realistic targets and dreams that reaching for
Focus shifted to the USA in terms of high impact news events on Tuesday, the Conference Board consumer confidence index fell slightly, although the Expectations Index sub section of the overall data showed a significant drop from 70.8 to 75.7. However, as a counter balance the Present Situation sub section rose from 77.3 to 81.7.
In the overnight – early morning trading session focus centred mainly on the issues from China in relation to the yuan which the Chinese authorities, in the form of the central bank, appear determined to see devalued versus its major trading peers. As a consequence the renminbi took its biggest fall in over two years.
