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Dec 6, 13 •
2386 Views •
Between the lines •
Maria Iacob
Comments Off on Do we ‘think’ too much when trading?
“Don’t think just do” is a phrase often delivered by sports coaches. The implicit suggestion is that on a sports field, during the ‘heat of battle’, it’s often our instincts that we need to be governed by and not any...
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Dec 6, 13 •
2231 Views •
Morning Roll Call •
Maria Iacob
Comments Off on USA data continues to impress. Could NFP day in the USA throw up a surprise?
The ADP report came in with a far bullish jobs count than many economists had forecast, and on Thursday the jobs subject was centred on the weekly unemployment claims in the USA and those numbers were extremely healthy too. For the first time in months the...
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Dec 5, 13 •
2218 Views •
Mind The Gap •
Maria Iacob
Comments Off on European markets fall moderately ahead of ECB base rate decision as UK chancellor gets ready to deliver his ‘Autumn’ speech
Equity markets were weaker across the Asia-Pacific region and in Europe on Thursday. Investors are cautious ahead of interest rate decisions in the Eurozone and the UK on Thursday plus the highly-anticipated monthly NFP US jobs report due out Friday. The...
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Dec 5, 13 •
3184 Views •
Between the lines •
Maria Iacob
1 Comment
In many trading articles and on many trading forums, the concept of moving a stop to break even is often discussed. The concept is fairly straightforward to understand; when you’ve entered a trade, you’ve used a stop and you’ve predicted the...
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Dec 5, 13 •
4355 Views •
Morning Roll Call •
Maria Iacob
3 Comments
The USA ADP jobs report, that traditionally precedes the NFP data delivered on the next Friday (this Friday), came in well ahead of the expectations from the economists polled. At 215K it was circa 30K better than expectations, whilst the previous...
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Dec 4, 13 •
2166 Views •
Mind The Gap •
Maria Iacob
Comments Off on UK service sector growth slows, oil prices rise as OPEC meeting begins, Nikkei index sells off, whilst Austrian GDP misses growth forecast to come in at 2.3% year on year
The UK service sector maintained its recent run of strong growth during November as incoming new business continued to rise at a rapid pace. Capacity remained under pressure and companies took on extra staff to help service rising workloads. There were also...
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Dec 4, 13 •
7375 Views •
Between the lines •
Maria Iacob
11 Comments
The carry trade is a fascinating phenomenon that FX retail traders should familiarize themselves with. Whilst it’s not necessarily a practice that retail traders can directly implement into the market through their trading, institutional traders (who...
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Dec 4, 13 •
2212 Views •
Morning Roll Call •
Maria Iacob
Comments Off on WTI oil rises steeply on strong auto sales in USA as consumer confidence also rises, whilst Detroit stays in bankruptcy
Powered by Black Friday sales promotions and rising incentives, USA auto sales hit a fresh yearly high in November, reaching an unexpectedly high annual selling rate of 16.4 million units. Dealers offered many incentives, some indirectly backed by government...
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Dec 3, 13 •
2668 Views •
Mind The Gap •
Maria Iacob
1 Comment
News that Spain’s unemployment has fallen slightly will have come as a temporary relief to the Spanish government, however, with circa 57% youth unemployment in Spain and this figure mirrored in the PIIGS, you have to wonder at the lifetime...
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Dec 3, 13 •
3428 Views •
Between the lines •
Maria Iacob
Comments Off on Methods to lock in profits using Fibonacci and the PSAR
New traders will constantly see references to “locking in profits” and “moving stops to break even” and may be slightly confused by the meaning. In this article we’re going to discuss what we mean by locking in profits and later...