The three leading USA indices; NASDAQ, SPX and DJIA, all closed at or near to record highs, with some also reaching intraday record highs on Wednesday. The across the board rise wasn’t bolstered by economic calendar data, as the latest house building figures came in way below forecast. Building permits fell by -4.5% MoM in […]
It’s one of the most used (overused) tropes, in relation to technical analysis; “technical analysis lags, it can never lead” and in many ways such a claim is absolutely correct. The vast majority (if not all) of the technical analysis indicators we use, plot their path based on what’s happened and not what’s going to
Technical analysis may lag, but it is an important part of Forex Trading Read More »
Sterling fell on Tuesday, shortly after the U.K.’s latest CPI figure (and other inflation data) was released, coming in as the economists’ polled forecast; at 3% YoY. The fall in sterling versus its main peers, was due to the BoE governor Mark Carney, when giving evidence in front of U.K. lawmakers, declaring that he was
Sterling came under pressure on Monday, as Brexit concerns appear to have reached a critical juncture. Many market commentators and those close to the negotiations, are now openly quoting that the relationship between the E.U. and the leading members of the U.K., has completely broken down. Theresa May flew to meet European Commission chief Jean-Claude
On Tuesday morning, at 8:30am GMT, the U.K. official statistics agency (the ONS) will reveal the latest CPI figure in a series of inflation data, which will also include the RPI and producer price input inflation. The forecast is for CPI (consumer price inflation) to rise to a five year high of 3% annualized, with
The key USA inflation metric (CPI) missed the forecast of 2.3% annual growth for September, coming in at 2.2% when revealed on Friday 13th, which was ahead of the reading of 1.9% recorded for August. Equity markets in the USA rose to new record highs, gold breached back above the $1300 per ounce handle, bitcoin
I conversed with an old trading acquaintance recently, we first met over the internet, discussing trading ideas on a trading forum, back in the early part of this century. Wow, doesn’t that make me sound old? I’m only talking back in 2005, not 1905. Anyhow, the good news is that he’s still trading (successfully) part
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There’s plenty of fascinating fundamental data to analyze this week, CPI (inflation) figures are published for many countries, china’s latest GDP growth is revealed, whilst arguably the U.K. will take center stage for a variety of reasons. There’s a raft of economic calendar data to be delivered by the various authoritative bodies in the U.K.,
In terms of Forex trading we imagine scalping as a process to take a small amount of profit out of the market extremely quickly, whilst risking very little of our account size, on an individual trade. Get the process of scalping right and traders liken the method to stealing candy off a baby, get it
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FX traders needed to remain hyper vigilant during Thursday’s trading sessions, as sterling currency pairs slumped and then rallied, as the political turmoil involving Brexit took center stage in Europe. The two leading negotiators; Davis and Barnier, appeared to be at odds once again, with Barnier, representing the remaining 27 E.U. members, voicing his profound
