Aussie sells off as RBA fails to abandon dovish attitude, EU indices sell off, whilst Wall St was closed for July 4th The Aussie sold off versus the majority of its peers, after the central bank (the RBA) announced that the interest rate was staying at 1.5%, but accompanied that revelation with a dovish narrative, […]
DJIA closes at another 2017 record high, dollar soars, as do European indices, yen slumps whilst euro and sterling fall The trading week began with the customary raft of monthly Japanese Tankan data, the majority of which either beat, or came in right on forecast. The large manufacturers’ index is (arguably) the most prominent and
Australia’s RBA rate decision, Markit PMIs and the non-farm payroll publication, are this week’s key high impact events The week begins with various Tankan surveys from Japan and the Caixan metrics from China. The Tankan surveys cover many aspects of manufacturing in Japan, and depending on the positive figures, can provide a boost to yen.
A common condition that impacts most novice traders, is the destructive habit of holding onto losers too long and cutting our winners too early. The reasons for this intervention in our trades are many and complex. However, the overriding motivation for this behavior is: a lack of emotional control, failing to adhere to our well-crafted
