The World Bank has raised its global growth forecast in a report late on Tuesday to 3.2 percent this year from a June estimate of 3 percent. The Washington-based lender maintained its projection for the U.S. economy to expand by 2.8 percent, a one percentage point acceleration from 2013. The forecast for the richest nations […]
Regular readers of our blog, who subscribe to our weekly Sunday evening “is the trend still your friend?” articles, will have noted that we use several of the most popular indicators in our technical analysis. They are (in no particular order); PSAR, Bollinger bands, MACD, DMI, stochastic lines, RSI and ADX. These seven offer up,
Trading with Bollinger bands, what are they and how to make the best use of them Read More »
Tuesday witnessed a bullish mood enveloping both European and USA markets, with the main USA indices gaining much of the ground lost over recent days. The USA markets were not only buoyed by thin positive data, but by the narrative contained in a speech from a member of the FOMC, Plosser, who stated that the
The countdown to the monthly anniversary of the QE taper on December 18th 2013 begins Read More »
Overnight Japan’s official stats bureau published disappointing trade data in relation to Japan’s balance of payments. The $5.74 billion deficit for November was a recorded high and followed a pattern set out in previous months’ data. Naturally the huge government stimulus, by way of the asset purchase scheme, has severely weakened the yen causing imports
There are many reasons why we become traders; we could be looking for a more exciting destination to place a proportion of our savings. We may be looking to develop a new investment skill; we may need to generate a small part time income in order to cover a few extra bills. Or ultimately we
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USA markets slumped on Monday as the dollar fell to its lowest level in three weeks versus many of its major peers. The reason for the selloff is that analysts are expecting retail sales for the USA to be disappointing when they’re printed today, Tuesday January 14th. The knock on effect is that (as a
European markets have made a steady start since opening this morning with very little in the way of: fundamental policy, high impact news events, or rumours to excite analysts or investors. We’ve received the Italian industrial production number, coming in slightly below expectations at 0.3% up versus the previous month. Year on year the improvement
Will the USA debt ceiling issue be an issue over the coming week? Read More »
The week begins with a slow start from the Asian markets given that Japan has a bank holiday on Sunday. From Australia we receive data regarding home loans which is expected to reveal that home loans increased by 1.2% in the latest monthly figure. Whilst on the subject of loans we move onto Chinese data,
Swing-trend analysis for the week beginning Sunday January 12th Read More »
Early morning we received data suggesting that China’s stellar growth has been reduced slightly over recent months, the monthly trade surplus for China came in at $25.64 billion, missing the expectation of $30 bn by some distance. In other early news Australia’s economy delivered some positive news regarding house building, as new homes construction increased
There comes a time, very early on in a new trader’s development, when thoughts will turn to the subject of automation. Whilst automating trades can have many benefits, which we’ll cover in this article, traders must be absolutely 100% sure that they’re fully committed to and have absolute unwavering confidence in the method element of
Should I stay with manual trading FX or move over to automation? Read More »
