After the UK’s CBI business survey report of yesterday suggested that certain optimism data amongst many executives in the UK had risen to a forty year high, all eyes were on the retail sales figures from the CBI which shot up for the fifth successive month. Now focus will turn towards the UK’s retail figures […]
The Germany Ifo business climate index has risen unexpectedly according to the latest release published this morning. German manufacturing and services activity is expanding at near the fastest pace since 2011. The Ifo Business Climate Index for industry and trade in Germany rose in April to 111.2 points from 110.7 points last month. Asian equities
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There are certain facts have remained steadfast over the years with regards to trading. Experienced and successful traders will point out that, despite being able to get their high probability set ups ‘right’, in order to enter the market at the precise point when their set up signals, they’ll never and have never got their
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Wednesday was a busy day for high impact news events most notably the bullish European Markit Economics PMI surveys published in the morning session. This sense of optimism was continued with the news that the UK’s public sector finances had improved. However, peeling back the layers reveals that the record debt just keeps on rising.
In the euro area growth has increased according to the Markit Economics latest composite index which is at a reading of 54.0 in April. The latest reading was the highest since May 2011 and supports the theory that the region may be beginning to finally exit the deep and long recession the area has endured
There’s a certain truism in FX trading; once the ‘bug has bitten you’ it’s very difficult to turn your back completely on the wider industry and the activity of trading. Even if you’ve tried FX trading and lost money in your first (or second) adventure you’ll always tend to believe that the next time, in
I’m going to try FX trading once more what should I do differently this time? Read More »
In a busy day for high impact news events on Tuesday the Flash Consumer Confidence Indicator for EU and Euro Area came in above the previous readings. In April 2014, the DG ECFIN flash estimate of the consumer confidence indicator increased in both the EU (by 0.8 points to -5.8) and the euro area (by
After the extended Easter holiday period the high impact news events and policy decisions are very thin on the ground this Tuesday therefore, in terms of fundamental analysis, there’s very little for traders to get too excited over. However, Wednesday promises to be an entirely different prospect given the volume of news that’s scheduled for
After we discover the retail trading industry our natural instinct is to experiment in the market with all the various technical options available on our trading platform. Whereas fundamental analysis requires a completely different skill set in order to learn how to put it to good use, generally after a period of time where it
Where and when should new traders begin to add technical analysis to our trading Read More »
In a quiet trading day, due to the extended Easter holiday period, the main indices in the USA closed up on the day in relatively thin trading conditions. The high impact news published in the afternoon session mainly included major mortgage lenders in the USA revamping their forecasts for the housing market. Both federally controlled
