In the overnight early morning session news was revealed that the BOJ decided to keep the monetary stimulus programme unaltered at an annual pace of 60 trillion to 70 trillion yen ($587-685 billion). Turning to Europe, whilst Germans are spending less ‘in the shops’, retail sales fell by 1.9% year on year, Germany’s unemployment count […]
From time to time it’s worth taking a step back in order to take a ‘helicopter view’ on where we’re currently at in relation to the personal aims we originally set out when we first entered this industry. The reason why it’s worth taking a snapshot of where we’re at is to see if the
From the USA we received mixed data on Tuesday; firstly the CB consumer confidence index fell slightly in April, with a reading of 82.3 the index fell from 83.9 in March. House prices in many USA states have continued to rise albeit at a slower pace. This news flies in the face of recent sales
There are many extremely useful free tools our brokers offer us that are often under-used, misused, or simply ignored and the demo account is one such free offering. It’s under-used as many traders are far too impatient to move onto real trading and as a consequence use the demo for a short period to then
In a relatively quiet day for policy decisions and high impact news events the main USA markets opened up sharply then sold off just as sharply, to then recover much of the early gains in tandem with the news from the Ukraine and the sanctions imposed on individual Russian targets. In other news pending home
This morning we received the latest data regarding the levels of Spanish unemployment and the news wasn’t good with the unemployment rate still remaining stubbornly and alarmingly high at 25.9%. With just over one in four adults out of work in Spain and close on 60% youth unemployment, it’s difficult to imagine a scenario of
UK GDP rises by 0.8% in the last quarter and by 3.1% annually Read More »
Analysts had expected a circa 13% rise in retail sales in March, due to many consumers bringing forward their purchases in order to avoid the hike in sales tax that the Japanese government introduced from April. However, despite the rush sales still fell short of analysts’ expectations, coming in at 11% up versus predictions of
Our weekly trend/swing trading analysis consists of two parts; firstly we analyse 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 analysis for week beginning Sunday April 27th Read More »
There was mixed news ‘hitting the wires’ regarding the UK economy his morning, firstly we had the news that retail sales had increased by 0.1% in the month of March. This beat expectations of a fall of 0.4% and although only a small improvident month on month the year on year improvement was circa 4.2%
Retail sales rise marginally in the UK whilst mortgage approvals fall Read More »
No matter how perfect we believe our trading method is, no matter how solid our overall trading strategy is and no matter how complete we believe our trading plan is all traders (will at times) get caught in trades that simply ‘go bad’ despite us following our trading plan and executing our trading strategy to
