As regular readers of our columns will no doubt testify we often have one eye on the new traders in our community when we pen our articles. Having seen so much erroneous advice offered to new traders, on various forums and through other brokers’ websites, we decided to take a stance and offer what we […]
The PMIs published for various member states of the Eurozone (and the EZ itself) have been published in the morning European trading session and the numbers point towards a sustained, but slow recovery in the Eurozone area. Spain’s manufacturing PMI came in at 50.9, up from 50.7, whilst Italy’s came in at 50.7 down from
Sunday evening/Monday overnight is a relatively quiet opening for high impact news events, there’s a bank holiday in Japan, whilst late on Monday the retail figures for Australia are produced, with the expectation that the print comes in at 0.5% from the previous month of 0.4%. Overall, the key high impact news events for the
Trend analysis for week beginning November 3rd Read More »
A raft of PMIs, published courtesy of Markit economics, has come in mainly positive in the overnight and early morning European sessions. The UK’s was slightly below expectation, but still above the minimum term trend. Whilst China’s reached an 18 month high. In other news the UK banking sector has fallen this week and RBS
PMIs reveal that UK manufacturing slipped slightly, whilst China reaches 18 month high. Read More »
When traders browse trading forums they’ll notice that the forums are generally sub-dived into various sections. You’ll have: general trading discussion, broker discussions, trading journals, platform discussions and the “anything else” sections. But without a doubt the most eagerly viewed sections, generally by a factor of over 50% versus the other sections, tends to be
Managing your expectations under the pressure of peer performance Read More »
One of the most important weekly high impact news events, the unemployment claims in the USA, came in as the economists polled had predicted. However, the headline figure that the mainstream media led with, actually betrayed the negative information that lay just beneath the surface. Despite the claim count falling the four weekly average is
Jobless Claims in the USA Drop as California Begins To Clear Its ‘Off Grid’ Backlog Read More »
One of the most respected credit agencies in the USA, Standard & Poor’s, has downgraded Greece’s credit rating this morning to that of an emerging market. S&P Dow Jones states that Greece no longer classifies as a developed market. Instead, the indices provider gives it “emerging market status” for the following reasons; the Greek equity
Many successful traders will testify that learning to trade was one of the most difficult challenges they’ve experienced in their adult lives. In many ways it’s impossible to fully describe the emotional roller coaster we ride to eventually find a system and strategy that potentially reaps rewards. The journey is incomparable to anything else experienced
Why managing your emotions when trading is essential to your development Read More »
So the biggest event of the day, the week and perhaps the month came and went and the market impact was negligible; the FOMC two day meeting ended today with a whimper not a bang. And once we’d stripped away the layers of rhetoric and sophistication the sum total of all that effort over two
FOMC meeting, no change and full steam ahead with Q.E. to infinity… Read More »
Eurozone retail PMI data from Markit showed a steeper drop in sales at the start of the final quarter of 2013. The Markit Eurozone Retail PMI remained below neutrality and declined to 47.7, from 48.6, indicating the fastest monthly rate of decline since May. In contrast, the average reading over the third quarter was the
