Sterling slips after election announcement surge, WTI oil collapses close to $50 a barrel, DJIA falls to a two month low In a relatively quiet day for economic calendar, high impact news relating to the USA, both the DJIA and the SPX indices sold off on Wednesday. There were no dramatic data misses published and […]
Sterling spikes up on news of UK election, USA equity markets slump as earnings of Goldman Sachs spook markets The UK’s FTSE slumped by circa 2.46% on Tuesday, due to the Tories announcing a general election on June 8th and in a negatively correlated move, currency speculators pushed up the value of sterling sharply versus
China’s data beats forecast due to fresh stimulus, USA equity markets rise, US dollar falls as euro rises Most European, the Australasian and the Hong Kong markets were closed on Monday, in their absence the DJIA and SPX brushed off the unstable geopolitical issues and roared ahead, despite certain USA economic calendar event ‘soft’ data
The natural tendency to experiment, is a crucial part of the overall education process, which novice forex traders need to embrace. Without that inquisitive curiosity, it’s impossible to either develop competency as a trader, or to determine what ‘style’ of trading you prefer. Our experimentation will involve investigating the validity and efficacy of many of
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Novice traders are continually reminded of the importance and value of creating a trading plan and just as importantly sticking to that plan, once you have full confidence in it. Thereafter, the trading plan you’ve worked on studiously to perfect, should never be abandoned. It should only be fine-tuned, whilst you perfect your overall trading
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We constantly recommend that both novice and intermediate level traders bookmark the economic calendar, as in the opinion of many analysts and market economists, it is one of the most valuable trading tools there is. There is little argument, between fundamental analysts and technical Chartists, that and political events move the Forex markets and in
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U.S. Dollar falls as Trump labels the currency “too strong”, cable rises, USA equities slide, crude oil falls, whilst gold rises Economic calendar events deferred to the power of an unnecessary, shooting from the hip, gunslinger style comment, courtesy of the president of the United States Donald Trump, on Wednesday. His opinion; that the dollar
Yen rises to a five month high versus the U.S. dollar, whilst making gains versus most peers, as gold also reaches post USA presidential election highs Global geo-political fear appeared to grip the markets and focus investors’ attention during Tuesday’s trading session, as orthodox economic calendar events were (in many ways) sidelined. Investors appeared to
One of the common mistakes novice and intermediate level traders endureis painfully cluttering their charts (with just about every indicator ever invented), to then (by accident as much as design), discover what works and more importantly works for them. Once we identify what is working for us, we then embark on a decluttering process eventually
200 Simple Moving Average, a common indicator for traders and analysts Read More »
Sterling bounces back versus U.S. dollar, which inches lower versus peers, U.S. equities flat, whilst European markets sell off In a relatively quiet day for major economic news releases, geopolitical tensions appeared to dominate the talk amongst analysts and investors on broadcast services such as: the F.T., Bloomberg and Reuters on Monday. Tensions relating to
