USA equities reach fresh record highs as tech stocks rally, U.S. dollar rises, gold and oil register falls It was a relatively quiet day for economic calendar news, with USA investors appearing to take advantage of this impasse, by pushing up equity indices to close at record highs. The SPX closed up 0.72%, NASDAQ up […]
The Commodity Channel Index (CCI) is an oscillator indicator which was developed and created by an analyst called Donald Lambert in the 1980’s. The CCI is featured in his respected technical trading book; “Commodities Channel Index, Tools for Trading Cyclical Trends”. Despite part of the title referring to commodities, the indicator has also proved to
Commodity channel index, what it represents and how to use it when trading Forex Read More »
Your trading plan is a highly personal document, it’s not for the author of this article, or any other supposed experts, to tell you that it’s “right”, or “wrong”. Whilst some of us will contend that there’s only one way of trading, in order to consistently take money out of our markets, that’s an incorrect
When is it a good time to reconsider changing your Trading Plan Read More »
The U.K. begins official Brexit talks, Markit economics publishes Eurozone PMIs, Canada publishes key data The week starts with a bang on Monday as the U.K. Government finally begins its Brexit negations with its key European opponents, roughly one year (June 23rd 2016) after the UK’s referendum resulted in the vote to leave. The narrative
Dollar rises versus major peers, oil falls, gold slumps, U.S. equities slip, Europe’s markets fall back to April levels Based on the latest economic calendar releases published during Thursday’s trading sessions, it would appear that USA economic hard data has continued its divergence versus the overall recent performance of USA equity markets. The SPX has
A trading ‘curse’ that many of us will suffer from early on in our fledgling trading careers is overtrading. Overtrading can be defined as trying too hard, trying to do too much, too soon; we chase the market to try and force profit out of the market, generally from a relatively small account. It’s an
The importance of learning one method of trading and perform it until it becomes habit Read More »
A common mistake novice traders make is what’s referred to as; “chasing the market”. The phenomenon takes place due to a combination of factors, such as: impatience, emotions, inexperience and ultimately trying to force profit out of the market, generally from an account which is poorly capitalized. Chasing the market is a habit performed by
Don’t chase the market, let the Forex market come to you Read More »
FOMC announce interest rate rise, U.S. Dollar pares early trading session losses, oil slumps, DJIA closes up The key fundamental economic calendar event of the week, the FOMC (Fed) announcement regarding interest rates, went according to the economists’ forecast and in line with the forward guidance issued by the Fed over recent months; the main
Main USA markets close at record highs, as investors anticipate a rate rise announcement by the FOMC, sterling finds market support Tuesday’s main economic calendar news began with a raft of UK inflation related data, released by the UK’s official ONS statistics body. The key inflation metric, CPI (consumer price inflation), came in at 2.9%,
Sterling continues its slump, as the UK’s hung parliament election result filters through to markets In a relatively quiet day for fundamental economic calendar news, the UK’s inconclusive general election result was a major talking point, as was the rapid appreciation of the Canadian dollar. Sterling fell versus the majority of its peers, slumping to
