There are many contentious views with regards to trading off certain time frames. Many experienced traders will suggest that you should be able to spot price action across any time frame as it develops from its beginning, especially if you are what we often refer to as a “price action” trader. In theory, as a […]
Ask many analysts, market commentators and economists which data they trust as a herald of good fortune to come and many will suggest that construction data is “the one” given that it has an incredible pull through effect on the rest of the economy. It works like this; more houses, apartments, commercial buildings and infrastructure
Sharpest rise in UK construction output since August 2007 – Markit Read More »
It’s quite a common occurrence for us to take breaks from trading. In point of fact in many ways it can be a very healthy and cathartic exercise to simply stop trading, to re-evaluate your personal circumstances, take a ‘time out’ and come back at a later date. Some traders will take years off from
It’s been a while since we experienced a significant sell off and risk off trading environment across many securities and indices. Monday’s trading sessions proved that the combination of; weak Chinese data, poor USA data and the looming debt crisis, was enough to send many investors to rush for the safe haven of precious metals…
This morning’s high impact news events have been dominated by the PMIs for the UK and Europe. As readers will have noted before we do have reservations with regards to Markit Economics ‘telling it how it is’ given that they do appear to cheer lead the UK’s data in particular, knowing that a positive slant
UK PMI slips to a three month low whilst European PMIs accelerate forward Read More »
The week’s policy decisions and high impact news events begin with the AIG manufacturing index/survey from Australia which could affect the ASX 200/300 and the Aussie. The previous index reading was 47.6, with the anticipation that this coming print may be of a similar value. Building permits for Australia are expected to come in at
Trend analysis for the week beginning February 2nd Read More »
European data has dominated the high impact news items landscape this morning with unemployment for the region being the most dominant news. In the wider area unemployment fell by 162K, with the rate remaining at 12%, just below the analysts’ expectation of 12.1%. The wider European unemployment rate fell from 10.8% to 10.7% in December.
OK, perhaps we’re exaggerating with the article title there, but if there’s one indicator available from our extensive library that can help swing/trend traders in their quest to follow price, then the PSAR is surely it. Those simple dots that appear above and below price, if used correctly can prove to be one of the
The parabolic stop and reverse (PSAR) – joining the dots with the king of indicators Read More »
There was plenty of negative economic data circulating in the USA on Thursday, however, despite a raft of poor prints the main indices in the USA defied the data and rose strongly throughout the day. Even poor earnings reports from Google and Amazon only caused a slight ‘wobble’ on the markets, just as the market
After the taper decision by the FOMC yesterday evening, in the overnight trading session Asian shares were sold off as emerging market jitters re-appeared and nowhere were these jitters more evident than in Japan, where the Nikkei index closed down 3.3%. China’s CSI sold off as the manufacturing PMI (courtesy of Markit Economics) came in
Can an improved GDP figure from the USA improve overall market sentiment? Read More »
