The main indices in the USA whipsawed violently throughout the day in reaction to the developing news breaking from the Ukraine. Having opened up in positive territory the indices fell back, to then close up as improved and better than expected figures from Yahoo late on cheered the market and caused Yahoo shares to rise […]
Yahoo shares rise 8% in late trading to help improve sentiment in USA markets Read More »
After USA retail sales reported a growth of 1.1% on the month yesterday it was the UK’s turn to reveal their latest retail sales figures, a trade body in the UK revealed overnight that sales in the UK have in fact fallen by 1.7% year on year. Although it’s not the official ONS data the
In the early stages of our personal trader development it can be quite difficult to move past our initial belief that the vast majority of our trades have to be successful in order for us to be consistently profitable. George Soros; [quote]It’s not about being right or wrong, rather, it’s about how much money you
Despite tensions mounting once again in the Ukraine and USA focused investors being concerned that many of the USA indices might be overbought as reporting season begins, the main indices in the USA shot up after retail data in the USA rose sharply at 1.1%, busting expectations of a modest 0.5% rise month on month.
Strong retail sales data for the USA causes USA and European bourses to rise Read More »
The US and Russia traded accusations over Ukraine at the UN on Sunday after clashes between Ukrainian forces and pro-Russian separatists occurred. Russia called an emergency meeting of the UN Security Council on Sunday evening after another day of rising tension in eastern Ukraine with Kiev sending in the army to try and secure control
Momentum continues to build for a programme of QE by the ECB Read More »
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 the week beginning Sunday April 13th Read More »
After being locked out of the debt markets for several years Greece made a successful return this week raising €3 bn euros and confidence has tentatively returned to many of the PIIGS debt markets over recent weeks. Now Fitch ratings has seen fit to raise Portugal’s credit rating to BB+ and positive. In Germany the
German wholesale prices fall by 1.7% as Germany’s consumer inflation falls to 1% Read More »
In this addition to our series on indicators’ discussion we’re going to look at the Renko price indicator. Once we eventually discover it as traders, on our experimental journey as we play around with many indicators in the library that comes with our free broker charting packages, we notice Renko has the peculiar characteristic of
Brick by brick; figuring out the simplicity and purity of the Renko price indicator Read More »
As earnings season officially begins in the USA concerns that valuations are sky high, in particular on the heavily tech invested NASDAQ market, caused jitters that reverberated across global markets. The dollar also fell versus the majority of its major peers, falling to a five-month low against a basket of peers on speculation a drop
USA equity indexes sell off sharply on fears that valuations are too high Read More »
Despite a lot of criticism with regards to the steering of the economy by the socialist government French industrial production has improved, according to the latest data available the improvement was by 0.3% in February. Australia produced a very healthy shock to the markets, causing the Aussie to rise versus the majority of its major
