Profiting From Multiple Time Frame Sector Analysis
"As October draws to a close, there is continued debate as to what
sectors offer the best potential for the rest of the year and for 2014.
It is important to look at each of the sectors from a monthly, weekly,
and daily perspective in order to get a clear outlook whether you are a
trader or investor. The monthly charts, as I have discussed in a
previous Trading Lesson, can be very helpful in determining the major
trends. They are also very useful in identifying key levels of support
as breakouts of the monthly ranges are often quite significant. So which
sector looks best now?"
Bitcoin Singapore Conference: Charlie Shrem to be the Principal Speaker
Charles ‘Charlie’ Shrem IV, the 23 year old American businessman and
entrepreneur who co-founded the Bitcoin startup company BitInstant and
currently working as Vice Chairman of the Bitcoin Foundation, will be
the lead speaker in the Bitcoin Singapore Conference which is going to
be held on November 15th at Fullerton Hotel.
For the first time since June this year, WTI (West Texas Intermediate)
crude fell below $95 a barrel sending alarm to oil companies. This is
happening amidst the news that U.S. stockpiles have increased to a great
extent. On the other hand the dollar has gained versus the euro as the
latter has fallen remarkably.
2013-11-04 00:30 GMT (or 01:30 MQ MT5 time) | [AUD - Retail Sales]
if actual > forecast = good for currency (for AUD in our case)
Australian Dollar Advances After Retail Sales Rise Unexpectedly
The Australian dollar firmed against other major currencies in early
Asian deals on Monday as data showed that the country's retail sales
rose more-than-expected in September.
Data from the Australian
Bureau of Statistics showed that Australia retail sales rose a
seasonally adjusted 0.8 percent to A$22.15 billion in September, from
0.5 percent increase last month. Expectations call for an increase of
2013-11-04 09:30 GMT (or 10:30 MQ MT5 time) | [GBP - Construction PMI]
if actual > forecast = good for currency (for GBP in our case)
U.K. Construction Output Logs Fastest Growth Since 2007
The U.K. construction output grew at the steepest pace since
September 2007, survey results from Markit Economics showed Monday.
Markit/Chartered Institute of Purchasing & Supply construction
Purchasing Managers' Index came in at 59.4 in October, up from 58.9 in
September and above the 50.0 no-change threshold for the sixth
"The future is looking bright for the UK
construction industry as it soars into the final quarter with its
strongest performance in over six years, boosted by a strengthening
surge in activity broadening out across all sectors," David Noble, Chief
Executive Officer at CIPS said.
P.M. Kitco Roundup: Gold Ends Slightly Up On Short Covering, Weaker U.S. Dollar Index
Gold prices ended a lackluster U.S. day session with slight gains
Monday, supported by short covering and a weaker U.S. dollar index.
Traders are awaiting fresh fundamental inputs to drive the gold and
silver markets this week. December Comex gold was last up $1.40 at
$1,314.60 an ounce. Spot gold was last quoted down $1.00 at $1315.25.
December Comex silver last traded down $0.162 at $21.67 an ounce.
2013-11-05 03:30 GMT (or 04:30 MQ MT5 time) | [AUD - RBA Interest Rate]
RBA Keeps Cash Rate Unchanged At 2.5%
The Reserve Bank of Australia on Tuesday decided to keep its
benchmark cash rate unchanged at a record low of 2.5 percent, in line
with economists' forecast.
The central bank said that the
Australian dollar is still "uncomfortably high", and a lower level of
the exchange rate is needed to achieve balanced growth in the economy.
The Reserve Bank Board, at the same time, judged that the current setting of the monetary policy remained "appropriate".
Bank of Japan Governor Haruhiko Kuroda had a press conference about monetary policies. Mr
Kuroda exercises general control over the Bank's business.
Kuroda: BoJ monetary stimulus having positive effect on economy
During a meeting with credit cooperative officials on Friday, Bank of
Japan head Haruhiko Kuroda assured that the central bank's injections of
monetary stimulus had been having favorable effects on the Japanese
economy. He projected further gradual recovery and quicker annual Core
CPI growth. "The BOJ will continue with quantitative and
qualitative easing, aiming to achieve the price stability target of 2
percent, as long as it is necessary for maintaining this in a stable
manner," Kuroda said. At its last meeting the BoJ decided to
keep the monetary expansion at an annual rate of JPY 60-70B, while
upgrading its view on capital expenditure.