It looks so simple when you see it on a chart; a perfectly drawn trend line, illustrating points on a chart, revealing price continuing to move in a certain direction and trajectory. However, similar to many aspects of the skills we need to develop, in order to become proficient and eventually profitable, drawing trend lines […]
Trend Line Trading Read More »
There are many options novice traders have to consider, when they’re evaluating if trading may be a viable opportunity. Whether we’re considering trading as a hobby, as an attempt to gain a part time income, or if it’s to eventually become a full time occupation, it’s worth creating a list of pros and cons in
The importance of choosing the appropriate trading environment for a retail trader Read More »
Gold finally breaks its losing streak, sterling falls after BoE comments, USA equities slip, Canadian dollar falls, as several banks are downgraded by Moody’s Sterling fell sharply on Thursday, as a consequence of both the inflation report and the monetary policy report from the Bank Of England, which accompanied the central bank’s “no change” announcement
U.S. dollar inches higher, USA equities end the day close to flat, oil rises as stockpiles reduce, gold continues its sell off. Wednesday was a relatively quiet day for high impact news events, the day began with the publication of Chinese data, mainly concerning money supply and new loans data. Annual CPI data for China
USA equities fall back from record intraday highs, U.S. dollar rises on speculation of an interest rate rise in June. Yen came under pressure throughout the trading day on Wednesday and fell versus its major peers, disappointing economic news in the form of poor labour earnings data; cash earnings coming in at -0.4% YoY and
Euro falls, despite Macron’s presidential victory, USA equities end the day flat, gold falls through the daily 200 SMA. The relief rally in the euro (due to Macron’s victory in the French presidential election) immediately the FX markets opened on Sunday evening, was short lived and reverted suddenly once the Asian markets opened. Perhaps realism
Euro rises in early trade as Macron elected French president, UK BoE reveals its interest rate decision on Thursday, European news set to dominate the economic calendar this coming week Monday begins the economic calendar week when a raft of Chinese economic data is published on Monday morning in the Asian trading session, with analysts
WTI oil collapses by 5% to six month lows, gold falls by 1.7%, European equities and euro surge on Macron polling news, USA equities end flat The global glut of crude oil is showing no signs of reducing, despite the various promises and commitments regarding production cuts made by OPEC in November and December. Price
Fed keeps rates unchanged, stating no concerns over USA economy, U.S. dollar rises, gold slumps to monthly lows In a highly anticipated and forecast decision, the FOMC announced on Wednesday evening that interest rates would remain at 1.00%. In their accompanying statement, the various Fed bank members indicated their satisfaction with current economic performance, citing
Euro and sterling rise versus most peers, USA equities also rise, oil slides, precious metals end the day flat In a relatively quiet day for economic calendar news, Japanese composite and services PMIs (published in the Asian session), came in close to forecasts on Tuesday morning, whilst the Chinese Caixan manufacturing came in at 50.3,
