It’s becoming increasingly tricky to know how to fairly and dispassionately judge the various sentiment surveys from Markit economics. On Monday they suggested that the UK’s manufacturing orders have reached a 19 year high and that the manufacturers in the UK are employing an extra 5,000 each month. As a consequence analysts in the UK […]
There has been a raft of PMIs printed this morning beginning with the HSBC sponsored Markit Economic data which held at its expansion level of 51.4. The EZ modest recovery looks to be continuing with the manufacturing PMI up a few ticks from October’s reading. Spain and France didn’t fair too we’ll with Spain’s manufacturing
Eurozone manufacturing recovery continues but without France and Spain Read More »
Sunday-Monday morning is a relatively quiet opening for high impact news events, capital spending in Japan is predicted to rise by 3.1%. The HSBC final manufacturing PMI for China is expected to come in at 50.5. There is a raft of Australian data published overnight/early morning, with building approvals being the standout piece of data
Trend trading analysis week beginning December 1st Read More »
It’s been some time since we’ve started this column with reference to rating agencies downgrading a nation’s credit worthiness, S&P have downgraded one of Europe’s largest economies this morning and immediately the microphones were metaphorically placed under the nose of the Dutch finance minister Jeroen Dijsselbloem to ask his reaction… This is the member of
Holland loses AAA rating from Standard & Poor’s whilst Cyprus rating improved Read More »
The question of personality types and their suitability for trading is a fascinating subject that’s often a focal point of discussion amongst trading groups. However, the majority of articles and opinion on personality trading types may be focusing on the wrong key areas… Typically we’ll read opinions that traders have to be: “resilient, persistent, have
Thursday was a relatively quiet day for the markets due to the closure of the USA markets for the thanksgiving holiday. However, one of the most illuminating events of the day concerned the governor of the Bank of England Mark Carney. His decision, that the funding for lending programme which banks in the UK have
UK BoE governor stuns UK banks by redirecting the funding for lending scheme Read More »
The USA markets are shut for the annual Thanksgiving day therefore the afternoon trading session is expected to be quiet. Overnight investors saw the Nikkei reach a six year high as the DJIA had risen to a record high, just short of 16,100 on Wednesday. In Europe Germany’s import prices have fallen circa 3% year
One of the words we get used to hearing and reading at the very start of our journey as a trader is the word “discipline”. Despite the majority of us knowing what the word generally means, what the word actually means when considered in the context of trading can often be confusing. Without a doubt
Discipline, what does it mean and how do we put it into practice when we trade? Read More »
There was mixed economic news from the USA on Wednesday, the Conference Board index improved by 0.2%, short of expectations and less than the previous 0.9% increase for the month of September. Crude oil supplies rose, the USA weekly unemployment claims fell sharply; down to 316K down circa 10,000 from the previous week. However, durable
Oil has fallen in the overnight and early morning trading sessions, U.S. prices are sliding for a fourth day after an industry report revealed that crude supplies rose for a ninth week in the USA, whilst the market for oil still ‘accommodates’ the pact reached with Iran regarding sanctions and its nuclear ambitions. Asian equities
