Looking at the latest UK news the index of production in the UK has risen to 0.5 in the last Q of 2013 just below the 0.7% rise many analysts forecast. Manufacturing has risen sharply in the period temporarily defying those who continually suggested that the UK’s economic growth is unbalanced. In other UK news […]
UK production rise moderately, as all eyes begin to focus on the NFP print Read More »
As we continue our short series on the most popular indicators swing traders prefer to use, we move onto one of the first indicators novice traders will experiment with – the MACD, or the moving average convergence divergence. It’s visual simplicity and its ability as a histogram visual to display price action (across many time
The MACD, what it is and why it ‘works’ for swing traders if allowed to do its job… Read More »
Both the UK’s and Europe’s central bank decided to keep their base interest rates at record lows on Thursday, the ECB’s decision not to lower and the accompanying narrative courtesy of the bank President Mario Draghi, caused the euro to power through R1 and many European indices to rally in correlation. In other positive news
Asian markets were calmer in the overnight-early morning trading session as Australian equities have been buoyed by strong economic data, but the overall mood has improved from a cautious start in Europe and in the futures markets as traders await monetary policy updates out of Europe today as well as Friday’s US NFP jobs report.
How’s your Sharpe ratio* at the moment, or your Sortino ratio*, are they where you’d expect them to be, perhaps after a full twelve months of trading using your revised (tweaked) trading strategy? Even with that one introductory sentence we know a significant percentage of our readers will already be lost… However, fear not dear
Recording the results of our trades and why it’s so important to keep records Read More »
Just as the UK appeared to be clawing itself slowly from a deep recession, fresh data, delivered on what appears to be a daily basis, is throwing into question the accepted wisdom that the UK is straining at the leash to leave its recent darker days behind. The latest concern, which didn’t flag up as
Retail sales in Europe came in significantly below expectations in this morning’s data published by Eurostat. Analysts had expected a fall of circa -0.7%, however, at -1.6% down the figure has taken the analyst community by surprise. It must be taken on board that this is an ‘official’ stats release and not a survey published
Analysts wrong footed as the volume of retail trade falls by 1.6% in euro area Read More »
After it’s circa 325 points sell off on Monday the DJIA settled to close up 0.47% on the day on Tuesday. Still below the critical handle of 15,500 which (with hindsight) very few analysts expected to be breached within a week of the USA FOMC’s taper being increased, albeit by only $65 billion when the
There are many contentious views with regards to trading off certain time frames. Many experienced traders will suggest that you should be able to spot price action across any time frame as it develops from its beginning, especially if you are what we often refer to as a “price action” trader. In theory, as a
Ask many analysts, market commentators and economists which data they trust as a herald of good fortune to come and many will suggest that construction data is “the one” given that it has an incredible pull through effect on the rest of the economy. It works like this; more houses, apartments, commercial buildings and infrastructure
Sharpest rise in UK construction output since August 2007 – Markit Read More »
