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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...
Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com AUS200 Dominant bias: Bullish AUS200 declined last month to a low of 5040.0 after reaching a high of 5393.0...
Trade USD/JPY Summer Relief - SocGen From Societe General: USD/JPY likely to bounce before next risk-off move. Summer could be quieter with delayed risks. Financial markets experienced severe dislocations around the Brexit vote...
Rystad Energy estimates US has 264 billion barrels of oil The Norwegian energy consultancy Rystad Energy said US reserves are slightly larger than Russia (256B barrels) and Saudi Arabia (212B barrels) accounting for existing fields, discoveries and fields yet to be discovered...
Welcome to my "Strength and Comparison" article for the coming week, the article "Ranking, Rating and Score" has also been published. For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support...
From Credit Suisse: We are lowering our 3m EURUSD forecast to 1.05 from 1.17 previously, reflecting the likely growth spillover into the wider European region from the UK's woes...
June 2016 Spanish unemployment report 4 July 2016 Prior -119.8k Registered unemployed falls to the lowest since Sep 2009, leaving 3.77m unemployed. There's some seasonality involved as the tourist sector often ramps up hiring for the holiday season...
June 2016 UK Markit/CIPS construction PMI data report 4 July 2016 Prior 51.2 Housing activity 43.8 vs 51.0 prior The headline drops to the lowest since June 2009 and the first contraction. since April 2013 New orders and residential construction to the lowest since Dec 2012...
Welcome to my "Ranking, Rating and Score" article for the coming week, the article "Strength and Comparison" has also been published...
Bank lending standards survey from the Bank of Canada Credit conditions tightened Conditions tightest since 2009 Pricing 12.6 vs 5.2 prior Non-pricing conditions 35.2 vs 7.6 prior...
