Occasionally there’s weeks listed in the economic calendar, which deliver high impact news events in rapid succession. We may get: an interest rate decision, a GDP reading, a jobs report, and PMIs etc. all delivered within days of each other. And if they all relate to the economy of a particular country, then the impact […]
The minutes of the FOMC November meeting were published on Wednesday evening, revealing that an interest rate rise is imminent, however, the minutes also struck a dovish tone, with the various Fed chairs indicating their inflation fears, suggesting that rate rises in 2018 may not be as aggressive as previously predicted. As a consequence of
At 9:30am GMT, on Thursday November 23rd, the U.K. statistics agency the ONS will reveal both the latest monthly and yearly GDP figures for the U.K. economy. The forecast is for no change; 1.5% growth annually and 0.4% for quarter 3, matching the 0.4% reported for Q2. Whilst such figures are less alarming than many
After falling back last week, whilst displaying a classic Heiken Ashi doji on a weekly chart, indicating investor indecision, many analysts were left wondering where the next momentum would come from, in order to push the main USA equity markets to fresh record highs. After setting so many highs throughout 2017, finally the SPX broke
On Wednesday November 22nd at 12:30pm GMT, the U.K. Chancellor will present his Budget to Parliament. It’s generally accepted that Philip Hammond botched his first budget last November, announcing a significant and surprise tax increase for the self-employed. He then immediately drew criticism from conservative supporters and his fellow M.P.s, who were both angered and
Can Philip Hammond, the U.K. chancellor, deliver a budget to calm Brexit nerves? Read More »
As news broke from Germany late Sunday evening, revealing that current chancellor Angela Merkel had failed in her attempts to forge a coalition alliance with the FDC party, the euro fell immediately once the FX markets opened. EUR/USD fell by circa 0.9%, reaching S3. As European markets opened the currency pair began to recover, whilst
If you no longer consider yourself to be a novice trader then you’ve probably suffered some trading losses, you’ll have trader scar tissue imprinted on your conscious mind and gained valuable experience during your journey. Whilst you’ll also quickly realize that trading doesn’t necessarily involve having (or struggling to find) a trading technique/method or edge,
Risk vs. reward – risking the right amount of your account for a reasonable reward Read More »
Last week ended with the main SPX falling for the second week in series and the U.S. dollar also falling for the fourth day in series. Investors appear to be concerned that; despite earnings season proving to be encouraging for U.S. stocks and the Republicans’ tax proposals passing through their first hurdle in The Senate,
There appears to be two binary opinions with regards to the overall value of backtesting and that opinion is evenly divided. Many traders swear by backtesting, others cite it as patently useless, claiming that only forward testing in real time in the market place works. But is there a critical logical fault in the claim
With the U.K. chancellor due to deliver his budgetary autumn statement to the Houses of Parliament on Wednesday, we can expect sterling to rise and fall during the delivery of his statement. This speech is preceded by various U.K. governmental debt and borrowing figures published on Tuesday, which may also cause price action in sterling.
