The DJIA and other main USA indices suffered quite a significant sell off during the later stages of the New York session on Wednesday due to the (you’ve guessed it) rumours of the infamous taper arriving sooner rather than later. And the ripple-effect was also felt through the FX industry. Many analysts and therefore investors […]
US budget negotiators late Tuesday night reached a deal to set spending levels until 2015, avoiding the latest debt ceiling deadlock in Congress. The agreement may herald the return of an era in which Congress can perform basic functions without the political rows that have threatened the US economic recovery in recent years. However, the
In a relatively quiet day for high impact news events on Tuesday, potential fundamental policy decisions took centre stage. There were two banking regulation news events that flew under the radar and failed to ignite the interest of the mainstream financial press; namely the Volcker rule finally coming into being and the start of the
There comes a time, once new traders have overcome many of their (at times) self-imposed initial trading barriers, when their attention finally turns to the reason all of us enter the world of trading; profit. We then began to ask ourselves the key question; “what can we reasonably expect to earn out of trading FX
200% account growth annually trading forex, is it realistically possible? Read More »
There was yet more promising data printed from the UK this morning with regards to the economic recovery of the country and unlike the data from sources such as Markit’s sentiment indices, this is as close to ‘fact’ as the UK can deliver. Despite the trade balance for the month remaining down at circa £9.7bn,
The term “Holy Grail” crops up regularly in trading discussions. The phrase has come to mean; the discovery of an infallible trading strategy and method that will lead to our trader unlocking a type of trading ‘code’, eventually opening a door leading to untold riches. The search for the Holy Grail is undoubtedly one of
Despite Monday being a relatively quiet day on Wall Street there were plenty of high impact news events published and the customary chatter regarding monetary easing took centre stage, on both sides of the Atlantic, providing one of the major debating points of the day… Greece now appears to be locked in a deflationary economic
According to the latest COT report currency speculators are still bearish yen, a position reflected in yen falling versus the majority of its major pairs in the overnight trading session. In early news Germany’s trade balance was published, as expected it revealed a significant increase, with Germany exporting goods to the value of €99.1 billion
Sunday evening’s trading session sees a raft of information published from Japan, the final GDP figure is predicted to come in at 0.4%, with the final GDP price predicted to come in at -0.3%, bank lending should come in at 2% improvement. There is important inflation data published on Sunday regarding China’s economy; the CPI
Trend trading analysis beginning Sunday December 8th Read More »
Most traders’ eyes will turn to the USA jobs number this afternoon. Given that the other jobs metrics this week have come in very positive the number does have to opportunity to surprise, particularly as the economists polled will have been asked for their predictions and opinions prior to this week’s impressive numbers from ADP,
