Europe’s major stock indices are higher this morning, on hopes that the progress made in Washington last night between the opposing Democrats and Republicans will eventually translate into a debt ceiling and budget deal. Senate majority leader Harry Reid increased hopes of a deal last night telling reporters that he and minority leader Mitch McConnell […]
We’ve all seen those “you can be a winner in FX trading with the right mentality” articles on broker websites and on trading forums. They’re generally penned with a motivational style approach and usually accompanied by images of well dressed, clean cut, good looking traders, giving each other a ‘high five’ over banks of computers
At least once a year traders appear to suffer from a malaise, they become stuck in a market vacuum and it’s not of their own making. It only seems like yesterday that many of us in the analyst community were fretting with regards to the fiscal cliff in the USA, it’ll be approximately eleven months
President Obama; “if GOP can’t resolve debt standoff, we stand a good chance of default” Read More »
We’re not alone in expecting this deadlock debt ceiling situation to be resolved any day soon as it dramatically heads right down ‘to the wire’ (as they are fond of saying in the USA). As we’ve stated on several occasions; once individual greed rears its head, a solution will probably be found. A drop of
Three days until ‘D-Day’ in the USA Read More »
Once again the debt ceiling impasse, at the heart of the USA government, took the centre stage in terms of economic news during the preceding week. The DJIA fell in the early part of the week, flirting with breaking the 200 SMA to the downside, to then rebound on Thursday and Friday due to the
Trend analysis for the week beginning October 13th Read More »
The DJIA rose 2.2% yesterday, by far its best day in 2013. However, with president Obama not making any real tangible improvement with his opposite numbers in the Republican Party, the huge boost in market sentiment experienced on Thursday could evaporate quickly once USA markets open this afternoon. On closer examination nothing actually changed to
The majority of retail traders are part time, actually there’s an argument to be had that all full time traders are in fact part time traders, they’re simply pretending to be full time whilst looking busy, as once you’re successful your chart watching time and overall engagement with the market becomes negligible, but that ‘posturing’
There was quite a dramatic moment in the senate committee hearing where Jack Lew took centre stage on Thursday, Democrat senator Maria Cantwell produced a graph of America’s short-term borrowing costs, showing a spike in interest rates over recent days… She stated that people don’t realise the implications of America’s credit-worthiness being questioned, quoting an
During yesterday’s White House conference, President Obama praised current Fed chairman Ben Bernanke as he winds down towards his leaving in January 2014 for leading the US through; [quote]“some of the most daunting circumstances of a lifetime. He has truly been a stabilizing force, not only for our country, but for the entire world.”[/quote] Describing
‘Humbled’ Janet Yellen is determined to help hardest-hit Americans Read More »
I’m probably not alone in occasionally (mentally) re-visiting my first few months of full -time trading. Looking back it was a torrid time. I’d watched the industry I’d dedicated over a decade to, the mortgage industry in the UK, collapse as the 2007/2008 crises hit. Having specialized in creating mortgage leads from websites I knew
