Mark Carney has wasted no time in mingling and schmoozing at the G20 summit currently ending in Sydney. Ahead of the publication of official data this week from the UK, that is expected to confirm robust GDP growth, the Bank of England governor Mark Carney highlighted Britain’s lead over other major economies after he attended […]
Our weekly trend/swing trading analysis consists of two parts; firstly, we analyse the fundamental policy decisions and medium/high impact news events for the coming week. Secondly, we use technical analysis in an attempt to determine any potential trading opportunities by way of trend analysis. Traders reading our key calendar event highlights for the week should
Swing/trend trading analysis for week beginning February 24th Read More »
Many Asia-Pacific equities recovered overnight due to a US manufacturing report showing that factories are increasing production in the world’s biggest economy. Japanese and South Korean were the leading bourses in both nations with the Nikkei closing up 2.88%. A volatile week is on pace to conclude with five-day gains for most indices across the
UK retailers experience falling sales in January, cable falls to S1 then recovers Read More »
As we move through an explanation and analysis of the indicators that we favour in our “is the trend still your friend?” weekly trading article, we’re now going to look at one of the simplest, most popular and arguably one of the most powerful indicator trading tools there is – the RSI. The simple explanation
The weekly unemployment claims in the USA were released on Thursday and came in at 336K, once again stubbornly trapped in the range that is quite a permanent feature of the weekly high impact news events. One area where the employment numbers may be helped in the USA is in the manufacturing sector which according
USA indices defy some poor data prints to finish up during Thursday’s sessions Read More »
The markets have been dominated by the raft of PMIs published by Markit this morning and overnight. The Eurozone PMI composite index has continued its bullish end to 2013 with 52.7 registered for the month of January, which is still very close to the 30 month high. Despite this the markets in Europe have sold
It’s worth taking a step back from our industry from time to time to marvel at the improvements and opportunities that have developed over recent years. Our retail industry as we know it, operating on the web through trading platforms, is only just over 14 years of age and yet in its present form retail
At the end of a day which was thin on news events, it was left to the FOMC to provide what many FX traders believed would be the market drama as they revealed their latest minutes which contained some fascinating detail. We’ve highlighted a couple of the critical passages further down the article. Perhaps the
In Switzerland the ZEW index fell by 7.7 points in the latest survey, whilst overnight the Australian bank Westpac published its latest findings suggesting that economic confidence is waning slightly by 0.46%. Britain’s unemployment rate has unexpectedly risen in the fourth quarter of last year, suggesting that the recent improvement in the labour market was
UK unemployment unexpectedly rises causing sterling to fall marginally Read More »
OK, so yesterday we decided that our strategy wasn’t working and rather than simply condemn it to the trader recycling bin, we subjected it to what we’ve termed our “due diligence failure template” and categorically proved to ourselves (beyond any reasonable doubt) that it would be pointless to continue trying to make a strategy and
So we’ve decided to change our overall trading strategy, what to do next. Part two Read More »
