Despite the optimistic forecasts for improved service and manufacturing PMIs across the Euro area many of the prints published in the early part of the trading session have disappointed. However, this hasn’t deterred the European markets from rallying. Looking towards the USA market open, equity index futures are currently positive, suggesting that the DJIA, SPX […]
In my early 20’s I was working with a salesman who was a semi-professional snooker player, we got onto the subject of snooker and he told me that if we spent approx. three hours of playing together he could drastically alter my whole game and make me a much better player. He reckoned that under
How quickly new traders can eradicate their bad mistakes and up their ‘game’. Read More »
There was good news regarding the Eurozone and the EA on Wednesday, an official consumer confidence index published by the European Commission showed an improvement. Now despite it coming in at -14.5 that’s actually close to the longer term average of -14 for the Euro Area. Moreover the reading in the E.U. is actually ahead
The timing couldn’t be more coincidental or ironic, just as Chinese banks announce significant write downs due to bad debts, The European Central Bank has announced details of a new ‘stress test’ assessment of the region’s key banks, in an attempt to assess the true quality of the banks’ balance sheets in the run-up to
ECB unveils bank stress test plans as China’s bank write downs spooks the markets Read More »
It’s a sobering thought that one of the most common forms of technical analysis, the candlestick, has been used in ‘markets’ since the 18th century. This cornerstone of analysis has stood the test of time since adopted by modern day traders to attempt to predict which way the markets will move with a degree of
Regular readers of our blog entries will note that on several occasions and on several journal entries this week, we warned our community with regards to the impending NFP job number and how it may be an ‘outlier’ causing over-reaction. We were urging caution due to the jobs data being 18 days late and it
NFP job numbers disappoint but the markets rally regardless Read More »
We’ve mentioned several times that the NFP numbers will be published lunch time UK time today, 8:30 eastern time in the USA, as opposed to the usual Friday. The 18 day delay is due to the temporary govt. shutdown. We’ve also mentioned that the number for the jobs created might be an ‘outlier’, a rogue
It’s a tempting situation isn’t it, after perhaps three years of effort you’ve finally begun to find a trading method that works. You’ve stared at charts for years after your day’s work is over. You’ve sneaked a peak at your charts during your lunch break and you’ve often sacrificed a few hours at the weekend,
It’s hard to commend the ECB, the Eurogroup and the dreaded troika for its effective management of the Eurozone crisis given the punishing austerity measures that many of the PIIGS have had to endure as a consequence of investment bank failure. Some of the dire consequences of the austerity measures unleashed in Greece, Spain, Ireland
Sentiment improved across Asian markets in the overnight/early morning trading session, extending the relief rallies that began late last week on the belief that the US Federal Reserve will continue its monetary stimulus until past December into the New Year, March being the favored month by many. The MSCI Asia Pacific Index of stocks added
