Trading FX can be a lonely business, particularly if we’ve been a full time employer and have eventually, after years of hard work and effort, finally taken the step to become a full time trader. Suddenly we may find that we have hours of time on our hands to fill, so what can we fill […]
Curing the loneliness of the long distance forex trader Read More »
The main indices in New York rose sharply towards the end of the trading sessions as the FOMC meeting minutes were released, due to passages within the minutes which appeared to contradict many analysts’ thoughts regarding the pace of interest rate rises. The Fed appears to be backtracking on earlier protestations and is now suggesting
Japanese equities were in bearish territory after any hopes for monetary stimulus faded, whilst the rest of Asia-Pacific was up after Wall Street staged a relief rally on Tuesday. Japan’s losses were driven by comments from central bank governor Haruhiko Kuroda. On Tuesday he acknowledged that last week’s increase in the national sales tax was
Amongst the many inevitabilities in our trading world is that we’ll never pick the exact bottom and top of any market move. In the perfect situation (that exists in our ‘mind’s eye’) we’d drill right down to a five minute chart to pinpoint the exact moment market sentiment turns and would ride that momentum swing
Holding onto your winners without fearing losing profits Read More »
There was extremely positive news regarding the UK published in the morning, firstly the IMF opined that in their opinion the UK’s growth in terms of GDP will be the highest in Europe and higher than the USA’s at 2.9% in 2014. Secondly and perhaps the reason cable exploded to the upside despite the UK
UK growth to exceed other major economies in 2014 – IMF Read More »
It’s not often that we flag up the performance of the Swiss economy in our mind the gap column but we felt it justified special mention and focus this morning given the perfect economic microcosm and model the country projects. Not only have retail sales risen by circa 1.1% month on month and the country’s
Swiss unemployment falls as retail sales rise Read More »
There are several reasons why we simplify the wording and concepts in our weekly “is the trend still your friend?” article for our readership. The main one being that we have to create an article appealing to all abilities with particular attention being focused on new traders. There’s little point in us over complicating the
There were slightly conflicting and concerning reports published on Monday concerning the USA consumer; firstly consumer credit rose by 6.4% in February mainly for college loans, auto purchases and home mortgages, secondly the amount Americans reported spending each day in March averaged $87 for the month, identical to February. While spending remains relatively high, this
Is the USA consumer tapped out and relying more and more on credit? Read More »
German production rose moderately over the last month according to Germany’s official stats department adding belief to what many analysts believe is the powerhouse of the European economy, which will help to single handedly help turn around the area’s fortunes. In February 2014, production in industry was up by 0.4% from the previous month, the
German production rises whilst Australian construction appears to have turned the corner Read More »
The week begins with the ANZ job adverts from Australia, Japan’s leading indicators are predicted to come in at 114.2%. Thereafter attention turns to Europe with Swiss CPI expected in at 0.2%, and German industrial production expected in at 0.3% month on month. The Sentix investor confidence index for Europe is expected in at 14.2.
Trend analysis for week beginning April 6th Read More »
