The ECB cut interest rates to 0.25% last week and kept the deposit rate at zero. The euro came under pressure on Wednesday after an ECB board member, Peter Praet, hinted the central bank could authorise negative interest rates, or buying assets from banks in the form of quantitative easing, in order to hit its […]
The UK’s ONS has published its latest unemployment number and on face value the numbers look good and are adding fuel to the belief that, once a level of unemployment of 7% is reached, the BoE governor Mark Carney may have the ‘green light’ to increase the UK’s base interest rate above the 0.5% where
How far into the past should you actually ‘back-test’ a method you’re convinced has a chance of working live in the market? This is a question high on the majority of traders’ agenda. Many experienced traders would immediately suggest that backward testing is irrelevant, only “forward testing is valid” and they’d be right, but only
Back testing your way to discovering a high probability set up and edge Read More »
The UK’s inflation figures were the surprise statistic of the day on Tuesday, and coming in below expectation caused a quick calculation (by many in the analyst community) that the BoE MPC would not be raising interest rates any time soon, causing an immediate sell off in Sterling. Moreover the news was recognised as ‘good’
The UK low inflation figures only tell half the story… Read More »
After the ECB’s base rate cut of 0.25% last week many analysts, including yours truly, believed that the ECB wouldn’t stop there and would pile on the rhetoric and deliver threatening narrative of more interest rate cuts in order to weaken the euro, which the ECB regard as too high and potentially damaging for export
There are many reasons we enter retail trading and there are certain constants, that run through our decision making process eventually leading us into trading as a potential livelihood or hobby. Perhaps the single biggest reason we enter retail trading is to be independent and eventually wealthy and let’s be honest we all indulge in
Can you actually live off trading FX? When reality bites and hurts… Read More »
Britain’s inflation rate could drop to a six-month low when the monthly measure of the cost of living is released this morning. Many analysts are predicting that the UK’s Consumer Prices Index will drop to 2.5% in October, down from 2.7% in September. This is close to the Bank of England’s 2% target, but still
EC may probe the German trade surplus, whilst UK inflation may fall to 2.5% Read More »
In a relatively quiet news day, due to the USA and Canada markets being closed for a bank holiday, the Greek parliament no confidence vote ended in a damp squib for the party that brought the motion. Japan’s current account balance was boosted massively by its export business smashing analysts’ expectations by some considerable margin.
Is Japan’s economic policy beginning to reap rewards? Read More »
We begin our analysis with a detailed analysis of the upcoming fundamental policy and high impact news events that will affect the coming week’s trading sessions. Thereafter we’ll move onto technical analysis using the most commonly favoured trend/swing indicators. Monday sees several bank holidays that will affect the volume of trading activity during the
Trend analysis for the week beginning November 10th Read More »
The USA non farm payroll (NFP) print will take centre stage in terms of high impact news events this afternoon. The expectation is for a print of circa 121K for the month of October. Various talking heads in the mainstream financial press will look to place the ‘blame’ for the poor print (if it does
