Summer is always a fascinating time in the UK, the (increasingly rare) sight of butterflies is a vision to behold, especially the rarer ones. Their beauty, fragility, perfect symmetry, ease of movement and gravity defying changes of direction, as they skip from flower to flower, are a wonder to behold. Sadly, many of us revel […]
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The most prominent high impact news events this week concerns the USA’s FOMC revealing its interest rate decision, whilst Canada will reveal its latest GDP figure, as will the USA, France and the U.K. There’s a raft of Japanese data, including CPI, inflation data this week will also be released by: Australia and Germany. On
Euro rises to a near 24 month high versus U.S. dollar, as Mario Draghi suggests asset purchasing may end in Autumn As widely expected, on Thursday the ECB announced that the main interest rate was remaining at zero, with the deposit rate remaining at -0.4%. The asset purchase scheme (quantitative easing by another name), also
Will the ECB maintain its zero rate policy, when it announces its rate setting decision on Thursday, or will Mario Draghi raise rates, from the floor they’ve been on since early 2016? Will the ECB also begin to taper further its asset purchase scheme, currently running at €60b per month? These questions will be answered
U.S. dollar rises versus peers, euro falls as ECB expected to keep interest rate at zero, when decision is revealed on Thursday Generally positive domestic data helped USA indices rise on Wednesday, with the NASDAQ index printing a new record high, as tech stocks were back in favour. Housing starts in the USA rose by
Gold has safe haven appeal, U.S. dollar and U.S. equities sell off, euro rises versus major peers, as sterling falters The U.S. dollar plunged to an eleven month low, versus the majority of it’s peers, during Tuesday’s trading sessions. Despite the USA equity indices breaching records many times since the Trump election win, the U.S.
Novice traders are constantly reminded that they need to be a “disciplined trader”, in order to succeed. But how do we define ourselves as disciplined traders, what characteristics, or habits do we need to have (or more likely develop), in order to become this mythical, all knowing disciplined trader? And what’s wrong with the undisciplined
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U.S. markets close flat, E.U. markets fall, with the exception of the FTSE, euro and Swissie provide price action There is a legendary phrase, regarding not trading in the markets over the summer months, that traders are fond of repeating; “Sell in May and go away, don’t come back ’til St. Leger day.” The St.
Trading is a precise business and occupation. In our industry we constantly have to deal with very small percentages and numbers. And the difference, between success and failure, in our retail trading industry, can be extremely small. We may be risking only 0.5% of our account size per trade, we may have a circuit breaker
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The ECB interest rate decision, a raft of official UK data, inflation data for various countries forms this week’s highlights Monday begins with Chinese retail sales data, which both on a YoY basis and YTD basis, is expected to remain constant; YoY 10.6% and YTD 10.3%. Industrial production at 6.5% YoY and YTD 6.8%, is
