Of course any of us can’t predict the future. As my trading bible says – A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel. But we have to test the market by positions many times on daily basis. Our hypothesis now about the EURUSD is the following: At … “EUR/USD: End of the bearish mood?”
Month: July 2013
Yuan Advances as Chinese Manufacturing Expands
The Chinese yuan advanced today as the government report showed that manufacturing continued to expand last month and Chinese officials tried to soothe worries about the recent liquidity crunch. According to the official data, the China Manufacturing Purchasing Managers’ Index fell from 50.8 in May to 50.1 in June, but remained in the expansionary territory (staying above the 50.0 level of neutrality). At the same time, the HSBC China Manufacturing PMI fell from 49.2 to 48.2 … “Yuan Advances as Chinese Manufacturing Expands”
5 Most Predictable Currency Pairs – Q3 2013
Each and every currency pair has its own characteristics, typical behavior and sometimes misbehavior. The ones that have a better behavior will hesitate and slow down before a significant resistance or support line and back off. If there is enough momentum and conviction, they will make the break and will never look back. These are … “5 Most Predictable Currency Pairs – Q3 2013”
Yen Drops as Tankan Survey Reduces Risk Aversion
The Japanese yen dropped today as the Bank of Japan released its Tankan survey that showed an expansion of both manufacturing and non-manufacturing sectors last quarter. This data reduced risk aversion on the Forex market. The manufacturing index rose from -8 in the first quarter of 2013 to 4 in the second quarter. The non-manufacturing gauge increased from 6 in Q1 to 12 in Q2. The figures above zero indicate an advancement of the sectors. The yen fell against all … “Yen Drops as Tankan Survey Reduces Risk Aversion”
The US ‘’Earnings Season’’ is coming; What to expect
Indices American corporations will begin publishing their financial results for the second quarter right from this week with all public companies expected to reveal their progress by the end of the month. The quarterly ‘’Earnings Season’’ coincides with the continuing discussions over the Fed’s stimulus programme future. These events are coming at a time of … “The US ‘’Earnings Season’’ is coming; What to expect”
Admiral Markets Launches complete MetaTrader solution for Mac
Estonia based forex broker Admiral Markets introduces an OS X MetaTrader solution that runs the trading platform smoothly on Apple’s Mac OS similar to the original that works on Windows computers. No system crashes and no limitations on features anymore says the broker.Admiral Markets’ new solution gives Apple users the same high-quality trading experience investors enjoy … “Admiral Markets Launches complete MetaTrader solution for Mac”
Forex Crunch Key Metrics June 2013
The strength seen in May continued in June, and a new all time record in page views was recorded. The ongoing volatility in the yen, the Australian dollar and practically in all currencies after the Fed announcement contributed to the rise. Here are the numbers: Page Views: 569,703. Visits: 236,252. Visitors: 90,526. Time on Site: … “Forex Crunch Key Metrics June 2013”
GBP/USD: Trading the UK Construction PMI July 1 2013
British Construction PMI Index is based on a survey of Purchasing Managers in the construction industry. The survey includes about 170 respondents, who are surveyed for their view of a wide range of business conditions, including employment, new orders, prices and inventories. A reading which is higher than the market forecast is bullish for the … “GBP/USD: Trading the UK Construction PMI July 1 2013”
Is China ready to encounter the liquidity crisis?
The People’s Bank of China will continue, according to an official statement issued through their press agency Xinhua News, to act prudently in the coming months regarding liquidity deposits in Chinese banks. However, they have also tried to calm things down in terms of volatility on the Shanghai Composite by stating that they will use … “Is China ready to encounter the liquidity crisis?”