There have been several services PMIs published overnight and this morning with perhaps the stand out print being the HSBC – Markit Economics composite print for China showing growth falling to a reading of 49.8, from the previous 50.8 previously. Output declined at goods producers for the first time since July 2013, while service providers […]
We’ve mentioned the 3 Ms of trading many times in our blog and various articles; however, it’s worth repeating what they represent for the many new traders who may have stumbled upon our blog. The 3 Ms are; mind set, method and money management. There is a tendency to attempt to rank these essential disciplines
Is your mind set preventing you from being a profitable FX trader? Read More »
The DJIA rose by the most this year on the day on Tuesday. The SPX finished the day at a record high as fears with regards to the Ukraine crisis subsided. From Europe we received the news that producer prices fell marginally in January versus December, the main reason was due to a fall in
In the overnight/early morning trading session the RBA announced that they were keeping the base interest rate at 2.5% whilst governor Stevens at the bank, in what may be code, stated that the central bank believes that the current conditions overall remain “very accommodative”. This could suggest that further monetary easing is still on the
So the dream is finally realised. We’re in an elite club; we are one of the successful ones. We’ve traded part time over the years and have developed a trading strategy that has finally begun to deliver rewards. And the journey towards becoming consistently hasn’t been easy as we’ve really bruised our hearts and knees
The high impact news landscape deferred to the crisis developing in Ukraine. However, as events moved quickly, the USA published some encouraging data in the afternoon session particularly in the form of reports from various quarters with regards to the overall strength of the USA manufacturing base. “Sharpest improvement in manufacturing business conditions since May
PMIs have taken centre stage in the morning’s scheduled high impact news events. Both Italy, Spain, the UK and wider Europe published prints, courtesy of Markit Economics, suggesting that the recent manufacturing improvement is continuing albeit at a very modest pace of growth. Overnight the PMI for China’s manufacturing was published revealing a deterioration in
European Manufacturing PMIs show modest yet sustained growth across the region Read More »
Our weekly trend/swing trading analysis consists of two parts; firstly we analyze the fundamental policy decisions and news events for the coming week. Secondly we use technical analysis in an attempt to determine any potential trading opportunities. Traders reading our key calendar events for the week should note the predictions, as any deviation from that
Swing/trend trading analysis for the week beginning March 2nd Read More »
