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1. They keep faith in their abilities during times of drawdown. Despite what less experienced traders may think about professional traders, everyone has losing streaks at some point in time...
Details from the June 2016 French Markit services PMI data report 5 July 2016 Prior 49.9 New orders 50.3 vs 51.7 prior Composite 49.6 vs 49.4 prior New orders 49.6 vs 51.0 prior...
Trade_mode: Select trade option. STOP_ORDER_BREAK. MARKET_ORDER_BREAK. STOP_ORDER_PULLBACK. MARKET_ORDER_PULLBACK...
Details from the June 2016 Italian Markit/ADACI services PMI data report 5 July 2016 Prior 49.8 New orders 52.1 vs 51.0 prior Composite 52.6 vs 50.8 prior New orders 52.7 vs 51.4 prior...
EURUSD jumps to 1.1186 as Italy looks to prop up bits banks The Italian banking sector worries have been calmed with news that Italy is looking to prop up its banks...
Details from the June 2016 Spanish Markit services PMI data report 5 July 2016 Prior 55.4 New orders 55.7 vs 54.3 prior Composite 55.7 vs 54.6 prior New orders 54.5 vs 53.5 prior...
Following the collapse of the construction PMI there's going to be some nervousness around the services PMI GBP longs beware! Yesterday's construction PMI was a very loud warning bell for Brexit related economic fallout...
It's a two-for-one Mark Carney day today The BOE head is gracing us with his presence twice today. At 09.30 GMT he brings us the latest BOE financial stability report. Ok, he's not really speaking live for this one but we'll get all the details and comments from the report...
With Dovish Draghi set to give a testimony this week, I’m waiting for an opportunity to short the euro in anticipation of more ECB easing clues. Here’s what I’m looking at. On the pair’s 4-hour time frame, it looks like price is pulling up to an area of interest around the 1...
Having a proper trading journal is an important aspect of trading. After all, it’s the only way to measure yourself and see whether you’re following your trading plans or not. It also helps points out areas of your trading that may need improvement...
Same old same old from the RBA leaves the aussie with some work to do No apple carts tipped over by the RBA this month, as expected. AUSUSD has found itself stuck between 0.7500 and 0.7545. AUDUSD 15m chart That lower bound extends down to the low at 0.7494 so if 0...
The Nikkei is a little lower 225 down around half a percent USD/JPY a tad soft ... chart looks dramatic 'cause of the scale: ... ah well, **** it - chart won't load into the post Chart is on the tweet if you want to see it AUD, NZD, EUR all a wee bit lower against the USD...
Retails sales expected +0.3% prior was +0.1%, revised from +0.2% The Australia Bureau of Statistics report: In seasonally adjusted terms, there were rises in food retailing (0.7 per cent), other retailing (1.4 per cent) and cafes, restaurants and takeaway food services (0.3 per cent...
Australian trade balance for May, -$2218mln expected deficit of 1700m, prior -1579m Goods and services exports up 1% m/m and imports up 2% m/m (sa) Says the Australia Bureau of Statistics: In trend terms, the balance on goods and services was a deficit of $1,885m in May 2016, a decrease of $290m...
New business fell the fastest in almost five years, from 50.4 previously to 47.3 Services below 50 for the first time in two months Yen appreciation cited as hampering sales April earthquakes also adversely hit demand China uncertainty...
The Australian election was on Saturday Counting was done on Saturday night and then stopped for Sunday and Monday Its restarted again today Still nothing conclusive Via the ABC (Australia's public broadcaster and home of the country's best election analyst, Antony Green...
With thanks to Ahsan in the comments for the reminder! Global Dairy trade auction in London time today Recent results: What's expected? The futures market is showing lower prices for whole milk powder...
Reserve Bank of Australia monetary policy board decision announcement for July. Cash rate on hold at 1...
The full statement from the RBA and comparison to June's 5 July 2016 At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. The global economy is continuing to grow, at a lower than average pace...
USDJPY: The pair remains weak and vulnerable to the downside in the medium term. Thus development has left the pair targeting further weakness. On the downside, support comes in at the 102.00 level where a break if seen will aim at the 101.50 level. A cut through here will turn focus to the 101...
