Many successful traders quickly establish the impact probability has on their trading outcomes. However, the vast majority of traders fail to investigate or fully rationalise the impact the phenomenon of probability has, they’ll also neglect to realise how probability can be easily and practically applied to their trading decisions. For the most part the effect […]
How the law of large numbers could be applied to FX trading Read More »
Japanese equity markets slipped during the Asian trading session, as disappointing machine orders data dented confidence that the Japanese economy can manufacture an improvement over the current 0.9% annual GDP growth. For May core machine orders came in at -7.8% missing the forecast of -3.7%. The Nikkei index closed down circa -0.98% after rising by
The U.S. equity markets suffered a minor and temporary blip on Friday July 5th after the surprise NFP job creation number for June beat forecasts by some distance, the report suggested that the USA is currently experiencing a boom in employment prospects. Counter intuitively U.S. equity markets sold off sharply as the encouraging NFP data
The USA and U.K. will be the focus for high impact calendar events this week. Read More »
We acknowledge that the forex market is the largest global trading market there is. As an entity that turns over circa $5 trillion each trading day, we could also put forward a claim that it’s the greatest example of efficient market hypothesis there is. The forex market moves in perfect unison with global sentiment relating
Wisdom of the crowd Read More »
Germany’s latest manufacturing factory orders continued to free-fall according to the latest data reported by Germany’s statistics agency Destatis on Friday morning. Month on month orders slumped by -2.2% for May, year on year orders have fallen by -8.6%. The -4.3% drop in foreign orders during the month is the major cause of concern for
German factory orders continue to collapse, focus turns to NFP data Read More »
