Christine Lagarde, the recently appointed head of the International Monetary Fund, is actively encouraging various countries across the globe to work together in order to fix the European debt crisis, and stimulate economic growth. Lagarde warns that this unity urgently needs to stimulate economic growth or risk a return to the Great Depression. In a […]
IMF’s Christine Lagarde Uses The “D” Word Read More »
“A Man Is But The Product Of His Thoughts. What he thinks, he becomes.” – Mahatma Gandhi In an earlier article we discussed the ideas behind the concept of choosing a trading strategy to match our personality type. The perceived wisdom is that if you’re an impatient ‘action junkie’ you should trade lower time frames,
A Man Is But The Product Of His Thoughts Read More »
The euro steadied slightly in the morning session hovering at 13000 just off new 11-month lows on Thursday, with investors’ collective eyes fixed on the Swiss National Bank (SNB) meeting to consider its campaign of currency intervention, while a Spanish bond auction will offer more signs on the depth of Europe’s debt crisis. The prospect
Markets Stable For Now Read More »
In November 1959, the Joint Chiefs of Staff created the DEFCON system so that a uniform readiness posture could be prescribed in the various military commands. Since the system was introduced, portions of the U.S. military have been placed at higher readiness levels on numerous instances. The DEFCON level is controlled primarily by the President
RWN (Rating Watch Negative) = Financial DEFCON 2 For France Read More »
As somehow who actively encourages forex speculation and experimentation (in all it’s forms) it pains me to criticise certain elements that have grown unchecked within our industry. For example I’m deeply suspicious of the benefits of trading rooms, we’ve discussed the issues of lag before; the time taken for the trading room operator to take
The False Promise Of Forex Education Courses Read More »
Lingering tensions between Britain and France over the future of the EU will have intensified from Wednesday onwards after Nicolas Sarkozy accused David Cameron of behaving like “an obstinate kid” after Cameron stunned the EU by using the British veto at the European summit late last week. Cameron has indicated that he was prepared to
Les Rosbifs Get A Roasting From Sarkozy Whilst Oil, Gold And Silver Plummet Read More »
There’s two diverse opinions on the subject of multiple currency pair trading, do or don’t, yes or no. The principal use and major benefit for engaging in a multi pair trading strategy is to hedge the overall risk, this can be done by observing the currency pair correlations that exist in the market place at
UK unemployment has hit a fresh 17-year high after the public sector shed thousands more jobs than anticipated and as many economists predicted the private sector failed to pick up the slack. Youth unemployment increased holding above the record high of over 1 million and the total number of unemployed people rose to 2.64m over
UK Unemployment Reaches Seventeen Year High Read More »
There comes a time when we all begin to sound like our parents. As a father of three, with my teenage Daughter at university in the UK, I’m already a few years into my ‘metamorphosis’. I avoid coming across as a hypocrite and try not to lecture, instead I attempt to “gently persuade”. My eldest
Beware The Hot Air Of The Official Inflation Stats Read More »
Having become increasingly irritated by the world’s critique of its blossoming and arguably peaceful nuclear programme Iran announced Monday that it’s gearing up its military presence to practice closing the Strait of Hormuz. Reuters Africa is reporting that a member of Iran’s parliament National Security Committee said the Army is ready to begin the exercise,
How The Markets Could Get Into Straights Over Hormuz Read More »
