As investors and FX speculators eagerly await the publication of the NFP jobs print on Friday they will have been encouraged by the two publications printed on Thursday. Firstly the weekly unemployment claims fell to 323K for the week and the rolling monthly figure came in down 2000. Similarly the Challenger jobs print, which lists […]
Many investors and analysts are turning their attention to the base rate announcement due from the ECB this afternoon and the accompanying statement from the ECB president Mario Draghi. It may prove to be too early for a base rate reduction, past the 0.25% where the rate currently is, but his dialogue will be closely
A “set and forget” strategy is a fairly simply proposition; rather than continually and at times obsessively market (and chart) watch whilst awaiting for our sets up to occur, we instead place orders into the market and allow them to be executed when price reaches our pre-determined levels or, perhaps if we are using an
Is it time to consider a “set and forget” strategy and if we do what are the benefits? Read More »
After the relief rally of yesterday as the SPX reached a record high, due to a climb down and non-escalation of the Ukraine crisis, the main indices in the USA suffered a fairly neutral day on Wednesday with both main indices drifting slightly lower. The poor jobs print from ADP, with the previous month’s number
There have been several services PMIs published overnight and this morning with perhaps the stand out print being the HSBC – Markit Economics composite print for China showing growth falling to a reading of 49.8, from the previous 50.8 previously. Output declined at goods producers for the first time since July 2013, while service providers
We’ve mentioned the 3 Ms of trading many times in our blog and various articles; however, it’s worth repeating what they represent for the many new traders who may have stumbled upon our blog. The 3 Ms are; mind set, method and money management. There is a tendency to attempt to rank these essential disciplines
Is your mind set preventing you from being a profitable FX trader? Read More »
The DJIA rose by the most this year on the day on Tuesday. The SPX finished the day at a record high as fears with regards to the Ukraine crisis subsided. From Europe we received the news that producer prices fell marginally in January versus December, the main reason was due to a fall in
In the overnight/early morning trading session the RBA announced that they were keeping the base interest rate at 2.5% whilst governor Stevens at the bank, in what may be code, stated that the central bank believes that the current conditions overall remain “very accommodative”. This could suggest that further monetary easing is still on the
So the dream is finally realised. We’re in an elite club; we are one of the successful ones. We’ve traded part time over the years and have developed a trading strategy that has finally begun to deliver rewards. And the journey towards becoming consistently hasn’t been easy as we’ve really bruised our hearts and knees
The high impact news landscape deferred to the crisis developing in Ukraine. However, as events moved quickly, the USA published some encouraging data in the afternoon session particularly in the form of reports from various quarters with regards to the overall strength of the USA manufacturing base. “Sharpest improvement in manufacturing business conditions since May
