As President Trump boarded the famous airforce one presidential jet, to come to the U.K. for a three day state visit, he had already fired off a volley of controversial statements. He reaffirmed his support for Tory leadership candidate (and de facto prime minister) Boris Johnson, he also suggested the leader of the right wing […]
The weekly economic calendar events begins with an extremely busy day on Monday June 3rd, as the latest Caixan manufacturing PMI for China is published in the Asian session; the Reuters forecast is for a reading of 50, right on the line separating contraction from expansion. Analysts will monitor this level carefully, for any signs
If you converse with experienced retail traders, regarding the mistakes they wished they’d avoided when they first discovered and began trading the markets, they’ll often point to understanding and applying the concepts of: money management, risk and probabilities. These three factors are inextricably linked. Successful traders, whether institutional or retail, will also state they should
There are no reasons or excuses for blowing up an account, even a demo account. Read More »
In the overnight Sydney-Asian sessions, on Thursday night/Friday morning, a raft of data concerning Japan’s economy was published. The majority of the readings came in as forecast by Reuters, with industrial production improving. However, Japan’s retail performance fell, both month on month and year on year, whilst construction output slumped by -19.9%, with housing starts
The U.K. pound continued its slide during Thursday’s trading sessions, as the chaos and confusion surrounding the current Tory government, continued to gather pace. After yet another candidate announced their intention to run for the job of leader, once Theresa May leaves the position in the second week of June, a former leader of the
As forex traders you’re constantly encouraged to concentrate on facts and data. You know the FX markets rise and fall, in relation to the economic calendar releases and any data which is subsequently attached to the releases. You also know that geo political/economic events, will overpower most underlying fundamental analysis and metrics. In order to
Friday May 31st, is an extremely busy day for economic calendar releases. There are several, key, high impact data releases, that will be published during Friday’s trading sessions, which have the power to impact on the value of the various currencies the data relates to. In the morning London-European session, the latest Italian GDP figure
Negative data was printed for the Australian economy during the Sydney-Asian trading session; private capital expenditure fell by -1.7% in the first quarter of 2019, whilst building approvals fell by -4.7% in the month of April, after suffering a -13.4% fall in March. Cumulatively, approvals are down -24.2%, which is a worrying development in a
After selling off sharply during the New York session, U.S. equity markets recovered marginally, as trading drew to a close on Wednesday evening. The NASDAQ closed down -0.79% and the SPX down -0.69%, after both indices had registered daily losses of circa -1.00% at one point during the session. The SPX is up 8.00% YTD
It’s interesting to note that when discussions regarding money management are raised on various FX trading forums, or through social media channels, traders rarely concentrate on the subject of transaction costs. Instead, traders will discuss: keeping their risk per trade to a minimum, the effective use of stops, where they may place their take profit
