Top 10 tips for trading success
Why are these tips so important?
The first few steps you take in the financial markets can be quite scary, so we’ve assembled our top 10 trading tips to help you through the rough start and onto trading success. Here you can find solid principles for classical trading as well social trading, as it is enabled by eToro social trading network, the eToro OpenBook.
1. Pick a Style, Any Style
Not all trades are for all traders. In other words, your trading activity should correspond to your account size, to your availability and other individual factors. If your account is relatively small, you have to scale down your activity so that you don’t risk too much on any one trade. If you’re not available to monitor your trades constantly, don’t open high risk short term positions that require quick intervention. If you don’t know much about the Japanese Yen, don’t trade it until you do.
2. Watch and Learn
The OpenBook social trading network is there to connect you with other traders so you can learn from and share ideas with them. Pick traders who have a similar trading style to yours and follow them so you can learn their strategies and techniques. Following other traders can also alert you to profitable trading opportunities.
3. Stop Forgetting Your Stop Loss!
A key reason people quit trading is heavy losses and the single biggest cause of losses is failure to use a Stop Loss. Using the Stop Loss will prevent your losses from getting out of hand when the market goes against you. Use it wisely and you’ll see your losses decreasing.
4. Don’t Cut Your Profits Short
The number one mistake new traders tend to make is closing their winning trades too early. By sticking to your trading plan you can learn to avoid making hasty exits that reduce your returns.
5. Don’t Turn Profitable trades Into Losing Ones
Once the market is going your way, and your positions show a profit, keep a close watch on them. Move your stop loss forward to your entry point to secure your investment. Then keep moving it forwards, in the direction of the trend, to secure your profits and prevent your trade from slipping back into a loss.
6. Plan Ahead
Never enter a trade because the price is suddenly rising or falling. Always plan your trades in advance. Know your desired entry point, Take Profit and Stop Loss rates before you trade and wait for the right opportunity to arise.
7. Don’t Waste Time On A Losing Trade
If you find yourself in a losing position, remember that it is better to save your energy, cut your losses and move on to the next trade. The financial markets are full of profitable opportunities, just waiting to be exploited, so don’t waste your time on an unprofitable trade!
8. Don’t Just Trade, CopyTrade!
eToro’s investment network enables you not only to receive information about others’ trading activity, but to copy it automatically. With the CopyTrader you can a lot a portion of your account to copying any other trade on the network, preferably a profitable one, so that your money can work for you even when you’re not trading!
9. Find the Guru for You
The Guru Finder feature is very useful in finding the right traders for you to copy. By configuring the many parameters of this OpenBook search tool to your desired settings, you can find the exact right Guru for you to copy.
10. Manage your CopyTrader Portfolio
Just because you have others trading for you, doesn’t mean that you should let them take over your account completely. Remember that you can always take over a copied trade if you see that it’s not going anywhere, or even stop copying a trader all together if you’re not satisfied with their performance. You should also be on the lookout for any new emerging stars on the OpenBook network that can perhaps make you more profits than the traders you’re currently copying.
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Tuesday, April 24, 2012
Forex: GBP/USD close to Oct-31 high, at 1.6165
7:03 AM
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Forex: GBP/USD close to Oct-31 high, at 1.6165
Tue, Apr 24 2012, 11:51 GMT | FXstreet.com
FXstreet.com (Barcelona) - The GBP/USD is extending its gains above last Friday’s high, at 1.6149. Ahead of the American session, the pair printed its most recent high at 1.6164, one pip away from October 31 high, at 1.6165.
Buying pressure remains while the cross trades at 1.6160. Breaching Oct-31 high resistance, the GBP/USD will start printing new 6-month highs.
“Yesterday's attempt for a break through 1.6076 support failed and the uptrend here is intact, targeting 1.6250. Initial minor intraday support is projected at 1.6130 and there is still a chance for one more slide to 1.6080 before breaking out for 1.6250”, wrote Deltastock.com analyst Stoyan Mihaylov.
Euro Price Action Confounds; All Signs Risk Negative But Market Supported
7:01 AM
Euro Price Action Confounds; All Signs Risk Negative But Market Supported
By Joel Kruger, Technical Strategist
24 April 2012 05:44 GMT
EUR/USD:
Despite a slew of worrying fundamentals which have been weighing on risk correlated assets, overall, these markets have been suspiciously well supported. A batch of weaker Eurozone PMIs, political troubles for Sarkozy in France, questions surrounding Dutch AAA rating status, and an ever weakening Spanish debt situation, all contribute to a very shaky Eurozone outlook that should in theory result in a more substantial risk off reaction than the one we have seen. Throw in continued signs of slowdown in China, some relative weakness in the emerging markets and the latest softer than expected Auatralian CPI, which seals the deal for a rate cut in May, and the ability for markets to remain supported becomes all the more confounding.
However, we can not ignore price action, and with the Euro being the key market to watch, inability to break down below 1.3100 on Monday leaves us with a much more cautious outlook. We will wait for a sustained break above 1.3200 or back below 1.3000 for a clearer directional bias.
The latest round of setbacks have stalled ahead of some key multi-week support by 1.3000 and from here we still can not rule out risks for additional consolidation above 1.3000, before considering bearish resumption. Last Friday’s bullish close opens the door for additional gains over the coming sessions, but ultimately, any rallies towards 1.3400 should be well capped. A break and daily close back under 1.3000 is now required to put pressure back on downside and accelerate declines to the early 2012 lows at 1.2660.
Forex: EUR/USD weakens after Spanish bond auction
7:00 AM
Forex: EUR/USD weakens after Spanish bond auction
Tue, Apr 24 2012, 09:20 GMT | FXstreet.com
FXstreet.com (Barcelona) - Spanish, Dutch and Italian bond auctions have been driving the European morning sentiment, sending the EUR/USD as high as 1.3184.
The Spanish government sold €760 M of 3-month bonds at yields of 0.634% (vs previous 0.381%) and €1.21 B of 6-month bonds at yields of 1.580% (vs previous 0.836%). Despite much higher yields, bid to cover ratio improved on the 3-month contract.
Since the results came out, the EUR/USD has been ranging at 1.3160/70. “Still weak picture on a daily chart sees 1.3200/23 zone as strong barriers, as the price action remains trapped between 55 day MA on the upside and 90 day MA on the downside, currently at 1.3200 and 1.3113, respectively”, wrote Windsor Brokers analyst Slobodan Drvenica.
Monday, April 9, 2012
Weekly Outlook for 9-13 April 2012
5:52 AM
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Weekly Outlook for 9-13 April 2012
During the second week of April there are several financial publications hat may affect the forex and commodities markets. Among the reports to be published are: U.S. consumer price index, American and Canadian trade balance, Bank of Japan’s monetary policy and rate decision, U.S PPI, Federal budget balance and U.S. jobless claims. Here is an economic news calendar forecast for the week of April 9th to April 13th that highlights news items regarding to the U.S., Canada, EU, China. Japan, and Australia.
(All times GMT):
Monday 9th of April tentative –China’s Trade Balance: according to the previous report, China’s trade balance changed direction from a $27.3 billion surplus to a $31.5 billion deficit; if this trend will continue it could indicate that China’s economic growth is slowing down and thus may adversely affect prices of commodities;
Monday 9th of April 19:00 –U.S. Federal Budget Balance: this upcoming publication will present the changes in the U.S federal balance for March 2012; this report indicates the government debt growth and thus may affect the U.S dollar. In the last report regarding February the deficit sharply rose by $231 billion; this report may affect the strength of the US dollar;
Monday 9th of April 3:30 – Chinese Consumer Price Index: during February, the Chinese inflation rate sharply fell to an annual rate of 3.2% (it was 4.5% in January); this rate is well below China’s inflation target of 4% in annual terms. If the inflation will continue to fall, it could induce the People Bank of China’s ease some of its monetary restrictions to jumpstart the economy; China is among the leading countries in importing commodities such as gold and oil;
Monday 9th of April 02:00 –China First quarter GDP for 2012: during the fourth quarter of 2011, China grew by 8.9% in annual terms; the current expectations are that the Q1 2012 grew in annul terms at a slower pace than during the fourth quarter of 2011; I speculate if the growth rate will be low than the 9% mark it may adversely affect commodities prices;
Tuesday 10th of April tentative – Bank of Japan – Rate Decision and Monetary Policy Statement: Bank of Japan will decide on its interest rate and monetary policy. Up to now, BOJ left the interest rate unchanged at 0 to 0.1 percent. If the BOJ will introduce monetary stimulus plans, it could affect the Yen and commodities prices because Japan is among the leading countries in importing commodities including oil, and natural gas;
Wednesday 11th of April 9:00 – ECB Monthly Bulletin: This monthly bulletin for February 2012 examines the economic situation of the Euro Area including price stability, interest rate decisions and government’s debt; this report might provide some insight into the current expectations of the economic growth of the Euro Area;
Wednesday 11th of April 15:30 – EIA Crude Oil Stockpiles Report: the EIA (Energy Information Administration) will publish its weekly update on the U.S oil and petroleum stockpiles for the week ending on April 6th;
Wednesday 11th of April 2:30 – Australia Rate of Unemployment: in the previous report regarding February 2012 the rate of unemployment edged up to 5.2%; the number of employed fell by 15,400 people; the number of unemployed slightly rose by 16,400 during February compared with January’s figures. If this trend ill continue to could affect the Australian dollar (see here the recent report);
Thursday 12th of April 13:30 –Canadian Trade Balance: In the previous report regarding January 2012, exports decreased by 2.3%, and imports edged down by 0.6%; as a result, the trade balance shrunk to a surplus of $2.1 billion; this report may affect the trading of the Canadian dollar which tends to be strongly correlated with price of gold and crude oil;
Thursday 12th of April tentative –OPEC Monthly Report: this report will show the main changes in crude oil and natural gas’s supply and demand worldwide; the report will also analyze the developments in the production of OPEC countries during March; the recent fluctuations in crude oil prices might be stem, in part, from the changes in OPEC’s oil production; (See here a summary of the last February report);
Thursday 12th of April tentative –IEA monthly oil report: this upcoming report will present an updated (as of March) outlook and analysis for the global crude oil market for 2012 and 2013 (See here a summary of the previous report);
Thursday 12th of April 13:30 – U.S. Producer Price Index: This report will present the progress in the PPI during March 2012, i.e. the inflation rate from producers’ stand point. In the previous report regarding February this index for finished goods edged up by 0.4% compared with January’s rate and rose by 3.3% in the past 12 months; this news might affect the direction of gold and silver prices;
Thursday 12th of April 13:30 –American Trade Balance: This monthly report for February 2012 will present the developments in imports and exports of goods and services to and from the U.S, including commodities such as crude oil; The American trade balance report for January 2011 the goods and services deficit increased during the month to $52.6 billion.
Thursday 12th of April 13:30 – U.S. Department of Labor– Jobless Claims Weekly Update: this weekly update will refer to he changes in the initial jobless claims for the week ending on April 7th; this upcoming weekly update may affect the strength of the US dollar and consequently may affect the direction of commodities prices;
Thursday 12th of April 15:30 – EIA U.S. Natural Gas Storage Report: this EIA weekly update of the U.S. natural gas market will present the recent changes natural gas production, storage, consumption and price developments for the week ending on April 6th; if the natural gas storage will rise, it may adversely affect the prices of natural gas in the U.S;
Friday 13th of April 09:30 – Great Britain PPI Input: this report will present the yearly rate of GB’s producer price index for March 2012; in the last report regarding February the input price rose by 2.1% (M-2-M); this news may influence British Pound traders;
Friday 13th of April 13:30 –U.S Core Consumer Price Index: This monthly report will present the main changes in the core consumer price index during March 2012. According to the U.S Bureau of Labor statistics in February 2012, the core CPI rose by 0.4% (M-o-M) and also increased over the last 12 months by 2.2%;
Friday 13th of April 14:00 – U.S. TIC Long Term Purchases: The Treasury International Capital report will show the main changes in the purchases and sales of US long term treasuries in February 2012. In the previous report regarding January 2012, the net foreign purchases of U.S Treasuries longer-term notes reached $101 billion;
During the second week of April there are several financial publications hat may affect the forex and commodities markets. Among the reports to be published are: U.S. consumer price index, American and Canadian trade balance, Bank of Japan’s monetary policy and rate decision, U.S PPI, Federal budget balance and U.S. jobless claims. Here is an economic news calendar forecast for the week of April 9th to April 13th that highlights news items regarding to the U.S., Canada, EU, China. Japan, and Australia.
(All times GMT):
Monday 9th of April tentative –China’s Trade Balance: according to the previous report, China’s trade balance changed direction from a $27.3 billion surplus to a $31.5 billion deficit; if this trend will continue it could indicate that China’s economic growth is slowing down and thus may adversely affect prices of commodities;
Monday 9th of April 19:00 –U.S. Federal Budget Balance: this upcoming publication will present the changes in the U.S federal balance for March 2012; this report indicates the government debt growth and thus may affect the U.S dollar. In the last report regarding February the deficit sharply rose by $231 billion; this report may affect the strength of the US dollar;
Monday 9th of April 3:30 – Chinese Consumer Price Index: during February, the Chinese inflation rate sharply fell to an annual rate of 3.2% (it was 4.5% in January); this rate is well below China’s inflation target of 4% in annual terms. If the inflation will continue to fall, it could induce the People Bank of China’s ease some of its monetary restrictions to jumpstart the economy; China is among the leading countries in importing commodities such as gold and oil;
Monday 9th of April 02:00 –China First quarter GDP for 2012: during the fourth quarter of 2011, China grew by 8.9% in annual terms; the current expectations are that the Q1 2012 grew in annul terms at a slower pace than during the fourth quarter of 2011; I speculate if the growth rate will be low than the 9% mark it may adversely affect commodities prices;
Tuesday 10th of April tentative – Bank of Japan – Rate Decision and Monetary Policy Statement: Bank of Japan will decide on its interest rate and monetary policy. Up to now, BOJ left the interest rate unchanged at 0 to 0.1 percent. If the BOJ will introduce monetary stimulus plans, it could affect the Yen and commodities prices because Japan is among the leading countries in importing commodities including oil, and natural gas;
Wednesday 11th of April 9:00 – ECB Monthly Bulletin: This monthly bulletin for February 2012 examines the economic situation of the Euro Area including price stability, interest rate decisions and government’s debt; this report might provide some insight into the current expectations of the economic growth of the Euro Area;
Wednesday 11th of April 15:30 – EIA Crude Oil Stockpiles Report: the EIA (Energy Information Administration) will publish its weekly update on the U.S oil and petroleum stockpiles for the week ending on April 6th;
Wednesday 11th of April 2:30 – Australia Rate of Unemployment: in the previous report regarding February 2012 the rate of unemployment edged up to 5.2%; the number of employed fell by 15,400 people; the number of unemployed slightly rose by 16,400 during February compared with January’s figures. If this trend ill continue to could affect the Australian dollar (see here the recent report);
Thursday 12th of April 13:30 –Canadian Trade Balance: In the previous report regarding January 2012, exports decreased by 2.3%, and imports edged down by 0.6%; as a result, the trade balance shrunk to a surplus of $2.1 billion; this report may affect the trading of the Canadian dollar which tends to be strongly correlated with price of gold and crude oil;
Thursday 12th of April tentative –OPEC Monthly Report: this report will show the main changes in crude oil and natural gas’s supply and demand worldwide; the report will also analyze the developments in the production of OPEC countries during March; the recent fluctuations in crude oil prices might be stem, in part, from the changes in OPEC’s oil production; (See here a summary of the last February report);
Thursday 12th of April tentative –IEA monthly oil report: this upcoming report will present an updated (as of March) outlook and analysis for the global crude oil market for 2012 and 2013 (See here a summary of the previous report);
Thursday 12th of April 13:30 – U.S. Producer Price Index: This report will present the progress in the PPI during March 2012, i.e. the inflation rate from producers’ stand point. In the previous report regarding February this index for finished goods edged up by 0.4% compared with January’s rate and rose by 3.3% in the past 12 months; this news might affect the direction of gold and silver prices;
Thursday 12th of April 13:30 –American Trade Balance: This monthly report for February 2012 will present the developments in imports and exports of goods and services to and from the U.S, including commodities such as crude oil; The American trade balance report for January 2011 the goods and services deficit increased during the month to $52.6 billion.
Thursday 12th of April 13:30 – U.S. Department of Labor– Jobless Claims Weekly Update: this weekly update will refer to he changes in the initial jobless claims for the week ending on April 7th; this upcoming weekly update may affect the strength of the US dollar and consequently may affect the direction of commodities prices;
Thursday 12th of April 15:30 – EIA U.S. Natural Gas Storage Report: this EIA weekly update of the U.S. natural gas market will present the recent changes natural gas production, storage, consumption and price developments for the week ending on April 6th; if the natural gas storage will rise, it may adversely affect the prices of natural gas in the U.S;
Friday 13th of April 09:30 – Great Britain PPI Input: this report will present the yearly rate of GB’s producer price index for March 2012; in the last report regarding February the input price rose by 2.1% (M-2-M); this news may influence British Pound traders;
Friday 13th of April 13:30 –U.S Core Consumer Price Index: This monthly report will present the main changes in the core consumer price index during March 2012. According to the U.S Bureau of Labor statistics in February 2012, the core CPI rose by 0.4% (M-o-M) and also increased over the last 12 months by 2.2%;
Friday 13th of April 14:00 – U.S. TIC Long Term Purchases: The Treasury International Capital report will show the main changes in the purchases and sales of US long term treasuries in February 2012. In the previous report regarding January 2012, the net foreign purchases of U.S Treasuries longer-term notes reached $101 billion;
GBP/USD Outlook April 9-15GBP USD FORECAST
5:43 AM
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GBP/USD Outlook April 9-15GBP USD FORECAST, MAJORS | WRITTEN BY KENNY | CREATED: APR 8, 2012 12:44 GMT; LAST MODIFIED: APR 9, 2012 10:47 GMT
GBP/USD was down this week, dropping 150 pips, to close at 1.5860. The upcoming week has five releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
Updates: GBP/USD is up slightly, trading at 1.5875. The markets are waiting for the release of RICS House Price Balance later today.
Despite a mixed bag of employment figures coming out of the US, the dollar staged a strong rally against the pound. The markets gave a thumbs up to the dollar last week, after the FOMC March meeting minutes indicated that the Fed will not launch a third round of quantitative easing unless the rate of growth falters or inflation drops below the central bank’s 2% targeted rate.
GBP/USD graph with support and resistance lines on it. Click to enlarge:
RICS House Price Balance: Monday, 23:01. This diffusion index is based on surveyed property surveyors. The index has been steadily climbing – the March reading of -13% was actually the index’s best reading since August 2010. The market forecast calls for a slight improvement, to -12%.
CB Leading Index: Tuesday, 9:00. This composite index, based on seven economic indicators, jumped 0.9% in March, the highest increase since May 2010. Another strong reading would be bullish for the pound.
BRC Retail Sales Monitor: Tuesday, 23:01. After starting the year well, the indicator sagged, posting two straight readings of -0.3%, indicating weakness in the retail sales sector. Will the indicator bounce back and climb into positive territory this month?
Trade Balance: Thursday, 8:30. The UK posted a trade balance deficit of 7.5B in March. The market forecast calls for little change in April.
PPI: Friday, 8:30. The Producer Price index jumped 2.1% in March, its highest reading since May 2011. The market forecast for April is a lower reading of 1.3%.
*All times are GMT
GBP/USD Technical Analysis
GBP/USD opened the week at 1.6011. The pair climbed as high as 1.6062, but was unable to break the resistance line of 1.6065 (discussed last week).The pair then dropped sharply, staying just above the 1.58 level, at 1.5805. The pair recovered slightly, closing the week at 1.5858.
Technical levels from top to bottom
We begin with 1.6356, which has provided GBP/USD with strong resistance since August 2011.This is followed by the resistance line of 1.6265, which was last tested in July and August 2011.
Below, 1.6132 has provided resistance since November 2011, and has strengthened as the pound has sagged. The next line of resistance is at 1.6065, which was last tested in November of last year. This is followed by the psychologically important line of 1.60, which was again breached this week, as the dollar pushed hard against the pound.
This is followed by 1.5923, which just last week, was providing support to the pair, It has now changed to a resistance line. Close by is the support level of 1.5892, which was breached the pair this week, and is a line of weak resistance.
Next, 1.5805 is providing GBP/USD with weak support. It could fall if the pair continues to move in a downward direction Close below, 1.5750 is the next resistance line. It has provided the pair with support since mid-March. This is followed by 1.5639, which has been in a support level for the past several weeks.
Below is 1.5520, which has provided strong support since January. We conclude for now with the round number of 1.54, which has acted in a support role going back to September 2011.
I remain neutral on GBP/USD.
After taking a beating from the British pound for much of 2012,the dollar managed to push back and rallied against the pound, and the pair is now trading in the mid-1.58 range. Is this a short-lived correction, or will we again see the important 1.60 level under attack? With the US economy sending out mixed signals, the sentiments of traders and investors as to the health of the US economy may be a key factor in the direction taken this week by GBP/USD.
GBP/USD was down this week, dropping 150 pips, to close at 1.5860. The upcoming week has five releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
Updates: GBP/USD is up slightly, trading at 1.5875. The markets are waiting for the release of RICS House Price Balance later today.
Despite a mixed bag of employment figures coming out of the US, the dollar staged a strong rally against the pound. The markets gave a thumbs up to the dollar last week, after the FOMC March meeting minutes indicated that the Fed will not launch a third round of quantitative easing unless the rate of growth falters or inflation drops below the central bank’s 2% targeted rate.
GBP/USD graph with support and resistance lines on it. Click to enlarge:
RICS House Price Balance: Monday, 23:01. This diffusion index is based on surveyed property surveyors. The index has been steadily climbing – the March reading of -13% was actually the index’s best reading since August 2010. The market forecast calls for a slight improvement, to -12%.
CB Leading Index: Tuesday, 9:00. This composite index, based on seven economic indicators, jumped 0.9% in March, the highest increase since May 2010. Another strong reading would be bullish for the pound.
BRC Retail Sales Monitor: Tuesday, 23:01. After starting the year well, the indicator sagged, posting two straight readings of -0.3%, indicating weakness in the retail sales sector. Will the indicator bounce back and climb into positive territory this month?
Trade Balance: Thursday, 8:30. The UK posted a trade balance deficit of 7.5B in March. The market forecast calls for little change in April.
PPI: Friday, 8:30. The Producer Price index jumped 2.1% in March, its highest reading since May 2011. The market forecast for April is a lower reading of 1.3%.
*All times are GMT
GBP/USD Technical Analysis
GBP/USD opened the week at 1.6011. The pair climbed as high as 1.6062, but was unable to break the resistance line of 1.6065 (discussed last week).The pair then dropped sharply, staying just above the 1.58 level, at 1.5805. The pair recovered slightly, closing the week at 1.5858.
Technical levels from top to bottom
We begin with 1.6356, which has provided GBP/USD with strong resistance since August 2011.This is followed by the resistance line of 1.6265, which was last tested in July and August 2011.
Below, 1.6132 has provided resistance since November 2011, and has strengthened as the pound has sagged. The next line of resistance is at 1.6065, which was last tested in November of last year. This is followed by the psychologically important line of 1.60, which was again breached this week, as the dollar pushed hard against the pound.
This is followed by 1.5923, which just last week, was providing support to the pair, It has now changed to a resistance line. Close by is the support level of 1.5892, which was breached the pair this week, and is a line of weak resistance.
Next, 1.5805 is providing GBP/USD with weak support. It could fall if the pair continues to move in a downward direction Close below, 1.5750 is the next resistance line. It has provided the pair with support since mid-March. This is followed by 1.5639, which has been in a support level for the past several weeks.
Below is 1.5520, which has provided strong support since January. We conclude for now with the round number of 1.54, which has acted in a support role going back to September 2011.
I remain neutral on GBP/USD.
After taking a beating from the British pound for much of 2012,the dollar managed to push back and rallied against the pound, and the pair is now trading in the mid-1.58 range. Is this a short-lived correction, or will we again see the important 1.60 level under attack? With the US economy sending out mixed signals, the sentiments of traders and investors as to the health of the US economy may be a key factor in the direction taken this week by GBP/USD.
Saturday, April 7, 2012
US Jobless Claims at 357K – Within Expectations
8:20 AM
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US Jobless Claims at 357K – Within Expectations
US Jobless Claims stand at 357K.
Early expectations stood on a small slide from the initially reported 359K to 355K.
Last week’s figure was revised to the upside: from 359K to 363K. This isn’t a big change.
The amount of initial unemployment claims has been very steady recently – between 350K and 360K generally speaking.
According to some analysts, a figure under 400K implies an ongoing drop in the unemployment rate.
The result of a consistently improving job market is that some discouraged people return to seek a job. This may raise the unemployment rate, even if the actual workforce rises.
Earlier job related indicators were OK earlier in the week: ADP showed a gain of 209K jobs in the private sector, within expectations and a solid number in general.
US Manufacturing and also Non-Manufacturing PMIs both included a rising employment component. This implies a nice gain in Friday’s Non-Farm Payrolls.
US Jobless Claims stand at 357K.
Early expectations stood on a small slide from the initially reported 359K to 355K.
Last week’s figure was revised to the upside: from 359K to 363K. This isn’t a big change.
The amount of initial unemployment claims has been very steady recently – between 350K and 360K generally speaking.
According to some analysts, a figure under 400K implies an ongoing drop in the unemployment rate.
The result of a consistently improving job market is that some discouraged people return to seek a job. This may raise the unemployment rate, even if the actual workforce rises.
Earlier job related indicators were OK earlier in the week: ADP showed a gain of 209K jobs in the private sector, within expectations and a solid number in general.
US Manufacturing and also Non-Manufacturing PMIs both included a rising employment component. This implies a nice gain in Friday’s Non-Farm Payrolls.
Is the Technical Trader better than the Fundamental Trader?
8:19 AM
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Is the Technical Trader better than the Fundamental Trader?
First of all, we should know the major differences between fundamental and technical analysis to be able to judge which trader is better.
Basic Differences
1- The motives:
Technical analysis depends on the internal motive or rather the data obtained from the chart forming various shapes and drawings that reflect the conflict between bulls and bears all the time within specific time interval.
Fundamental studies depend on external data. Thereby, the fundamental analyst should make correlations between lots of external events and then interpreting it into a direction for a specific instrument.
2- The steps:
Technical analysis requires one step to identify the pattern (One shot), with a percentage of failure that should be limited around 20-30%.
Fundamental analysis requires analyzing the obtained data itself then studying its effects on the movement. So, what if the basic data was false then the percentage of failure might be more than 50% as it needs two steps to get a good result.
3- The misleading:
Technical analysts largely ignore fundamental data, considering it to be misleading and that's as Robert Prechter mentioned in (Introduction to the Magee system of technical analysis) page. 175, but in my opinion the good trader should pay attention to effects of the news and put it in his consideration, but on the contrary, I find fundamental analysts and traders don't care about the charts magic and mystery.
My dear reader, from the above lines I guess you realized my point of view. So, please let me explain why it is better to be a technical trader without ignoring the news effect.
Why does technical analysis work better?
Certain patterns are repeated year after year such as double top, double bottom…etc., but I think that fundamental output is available to be explained according to the circumstances such as what happens nowadays due to the debts crisis in Europe.
There is a Philosophical side in the since most of the financial market analysts- both technical and fundamental analysts- know the golden rules for trading like "No bull market in the history ever became a bear without breaking its long term trend line and vice versa". Moreover there are Meta physics effects seen on the graphs and of course they attract many people allover the world such as the mysterious Fibonacci golden number.
There are various technical analytical methods and always bring one result. Charts analysts depend on provided volumes and prices actions to find the support and resistance levels and turning it into a pattern via the experience they have marked and they are called "pattern analysts" while there is a type of analysts called "statistical and mathematical analysts"-like those who use moving average to identify specific support, specific resistance and important levels- and all of them meet at same points most of the time.
Can chart and technical analysts analyze any market?
Actually, technical analysts can use their science to analyze stock market, metals market and FOREX market but I've never seen a fundamental analyst who can analyze the Singaporean stock market the same way he analyzes the stock market in Zambia since he should take a long time studying the data announced in each country and look at its companies earnings at least to predicate the future movement; whilst the technical analyst just needs charts from Singapore and Zambia to talk about the future.
As a consequence, we should learn how to read the graph technically at least to define our entry and exit points for our taken position
Finally, I would like you to realize that, we are just exploring the differences between fundamental and technical analysis together regardless my tendency to the technical and it is my pleasure to receive comments from you my dear trader.
First of all, we should know the major differences between fundamental and technical analysis to be able to judge which trader is better.
Basic Differences
1- The motives:
Technical analysis depends on the internal motive or rather the data obtained from the chart forming various shapes and drawings that reflect the conflict between bulls and bears all the time within specific time interval.
Fundamental studies depend on external data. Thereby, the fundamental analyst should make correlations between lots of external events and then interpreting it into a direction for a specific instrument.
2- The steps:
Technical analysis requires one step to identify the pattern (One shot), with a percentage of failure that should be limited around 20-30%.
Fundamental analysis requires analyzing the obtained data itself then studying its effects on the movement. So, what if the basic data was false then the percentage of failure might be more than 50% as it needs two steps to get a good result.
3- The misleading:
Technical analysts largely ignore fundamental data, considering it to be misleading and that's as Robert Prechter mentioned in (Introduction to the Magee system of technical analysis) page. 175, but in my opinion the good trader should pay attention to effects of the news and put it in his consideration, but on the contrary, I find fundamental analysts and traders don't care about the charts magic and mystery.
My dear reader, from the above lines I guess you realized my point of view. So, please let me explain why it is better to be a technical trader without ignoring the news effect.
Why does technical analysis work better?
Certain patterns are repeated year after year such as double top, double bottom…etc., but I think that fundamental output is available to be explained according to the circumstances such as what happens nowadays due to the debts crisis in Europe.
There is a Philosophical side in the since most of the financial market analysts- both technical and fundamental analysts- know the golden rules for trading like "No bull market in the history ever became a bear without breaking its long term trend line and vice versa". Moreover there are Meta physics effects seen on the graphs and of course they attract many people allover the world such as the mysterious Fibonacci golden number.
There are various technical analytical methods and always bring one result. Charts analysts depend on provided volumes and prices actions to find the support and resistance levels and turning it into a pattern via the experience they have marked and they are called "pattern analysts" while there is a type of analysts called "statistical and mathematical analysts"-like those who use moving average to identify specific support, specific resistance and important levels- and all of them meet at same points most of the time.
Can chart and technical analysts analyze any market?
Actually, technical analysts can use their science to analyze stock market, metals market and FOREX market but I've never seen a fundamental analyst who can analyze the Singaporean stock market the same way he analyzes the stock market in Zambia since he should take a long time studying the data announced in each country and look at its companies earnings at least to predicate the future movement; whilst the technical analyst just needs charts from Singapore and Zambia to talk about the future.
As a consequence, we should learn how to read the graph technically at least to define our entry and exit points for our taken position
Finally, I would like you to realize that, we are just exploring the differences between fundamental and technical analysis together regardless my tendency to the technical and it is my pleasure to receive comments from you my dear trader.
Tension Returns to Debt Market and Hammers European Equities and Main Currency
8:18 AM
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Tension Returns to Debt Market and Hammers European Equities and Main Currency
The euro ended a strongly bearish week, cutting the gains recorded in the past three weeks against the U.S. dollar on sharp pessimism tension returned to debt market, threatening now larger economies, where the surge in yields has previously led Greece, Portugal and Ireland to seek bailouts and now eyes returned to be focused on Spain and Italy, the largest economies in the euro zone after Germany and France.
With the start of the previous week markets were shocked with the downbeat manufacturing data, which preceded services data that confirmed the contraction in the services sector as well, the thing that led the composite index, which combines the performance of both sector together, to remained contracted, spreading fears that the entire zone is heading towards a deep phase of recession.
Unemployment data came after then to confirm that the euro-area region is slipping into a deep recession, where the jobless rate reached a new all-time record since creating the monetary union, standing now at 10.8%.
Unemployment in the euro zone is led by the Spanish unemployment which reached 23.6% in February, leading the sentiment to deteriorate further as investors are losing faith that Spain might survive this hard period of time, especially after the new austerity adopted are expected to weigh sharply on growth, pushing unemployment higher, spending lower and in result reaching slower economic activity.
Moreover, the Minutes of the FOMC last meeting led markets to trade bearishly against the strengthening U.S. dollar, where policy makers in the U.S. clarified that more easing is not an option unless the U.S. economy shrinks, the thing that reversed the effect of Bernanke's comments and supported the U.S. dollar to recover the losses incurred last week.
During the week, the European Central Bank Governing Council voted to leave rates unchanged at 1.0% as upside pressures on inflation returned and as the bank still attempts to support growth, where Draghi said after the rate decision during the press conference that growth will gradually recover; however, downside pressures remain significant driven by the tension in the debt market.
The Bank of England also tended to maintain the Wait-and-See stance by leaving rates steady at 0.5% and the asset purchases program unchanged at 325 billion pound, where the bank also attempts to control inflation and spur growth at the same time, since the royal economy is affected sharply by the debt crisis in the euro zone and the global slowdown.
In general, volatility are to remain evident in the markets, which likely to remain bearish in the coming week, as investors will be tracking any developments in the debt market as borrowing costs returned to rise, while demand for indebted bonds weakened..
The euro ended a strongly bearish week, cutting the gains recorded in the past three weeks against the U.S. dollar on sharp pessimism tension returned to debt market, threatening now larger economies, where the surge in yields has previously led Greece, Portugal and Ireland to seek bailouts and now eyes returned to be focused on Spain and Italy, the largest economies in the euro zone after Germany and France.
With the start of the previous week markets were shocked with the downbeat manufacturing data, which preceded services data that confirmed the contraction in the services sector as well, the thing that led the composite index, which combines the performance of both sector together, to remained contracted, spreading fears that the entire zone is heading towards a deep phase of recession.
Unemployment data came after then to confirm that the euro-area region is slipping into a deep recession, where the jobless rate reached a new all-time record since creating the monetary union, standing now at 10.8%.
Unemployment in the euro zone is led by the Spanish unemployment which reached 23.6% in February, leading the sentiment to deteriorate further as investors are losing faith that Spain might survive this hard period of time, especially after the new austerity adopted are expected to weigh sharply on growth, pushing unemployment higher, spending lower and in result reaching slower economic activity.
Moreover, the Minutes of the FOMC last meeting led markets to trade bearishly against the strengthening U.S. dollar, where policy makers in the U.S. clarified that more easing is not an option unless the U.S. economy shrinks, the thing that reversed the effect of Bernanke's comments and supported the U.S. dollar to recover the losses incurred last week.
During the week, the European Central Bank Governing Council voted to leave rates unchanged at 1.0% as upside pressures on inflation returned and as the bank still attempts to support growth, where Draghi said after the rate decision during the press conference that growth will gradually recover; however, downside pressures remain significant driven by the tension in the debt market.
The Bank of England also tended to maintain the Wait-and-See stance by leaving rates steady at 0.5% and the asset purchases program unchanged at 325 billion pound, where the bank also attempts to control inflation and spur growth at the same time, since the royal economy is affected sharply by the debt crisis in the euro zone and the global slowdown.
In general, volatility are to remain evident in the markets, which likely to remain bearish in the coming week, as investors will be tracking any developments in the debt market as borrowing costs returned to rise, while demand for indebted bonds weakened..
Short Term Trading and Long Term Investments: Two but One
8:17 AM
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Short Term Trading and Long Term Investments: Two but One
Double what we have is one of the reasons for us to invest, just as the traders in forex market. The traders in the forex market can be classified in several types in the matter of strategies of their trading; both short term trading and long term investment. Your trading habits and risks might bear important aspects that should be considered when you decide to enter the online forex market. The trading that you’ll do must be based on your goal. If your goal is for long term investment, choose the one with long term trade style. But, if you want to gain direct profits, short term trade is the answer.
Both short term trading and long term investment have their own characteristic. The short term trading done by the enthusiastic, aggressive traders is the trading that lives up the daily trading and it is very dynamic. Long term trading as a long investment strategy carefully watches the market and when they’ve been waiting for long enough, they’ll make the trading and leave the market with substantial and significant profit.
The forex trading is like the suitable short term trading style and it’s a short term investment. Currency trading is on day by day basis; therefore, it’s a suit for short term trading. However, you must also consider how much time you have each day to monitor the currency trading if you decide the short term trade style. It’s because, you have to pay attention to the market development and also make significant analysis to all data and information that you have gathered to support your trading decision. Short term trade in forex trading is scalping, however, it’s necessary to avoid losing by making a comprehensive analysis before the final decision is made. Turbulences might occur in the market and it should be carefully watched if you want to gain profit from the short term trade like in forex trading.
As for the long term trading, a much more careful analysis is needed. When we decide to enter the long trade as a part of our long term investment, we must be aware that we are looking for long term impacts. Our entry and exit in the market must be carefully managed. So many X factors could interfere in our investment. Political crisis, economic turbulences, or another X factors could occur and impact on our investment. It’s not just within days, sometimes, months or years. We don’t have to monitor the market on a daily basis, but we should always be aware on all information and prediction since it will be our consideration on entering the market or exiting the market.
Both short term trading and long term investments have their own soft spot and hard spot. It’s now up to our goals and us. For sure, you have to be sure about your needs. Since trading is not a gambling, but all about analysis, a very careful analysis, we must be well prepared when start to trade.
Double what we have is one of the reasons for us to invest, just as the traders in forex market. The traders in the forex market can be classified in several types in the matter of strategies of their trading; both short term trading and long term investment. Your trading habits and risks might bear important aspects that should be considered when you decide to enter the online forex market. The trading that you’ll do must be based on your goal. If your goal is for long term investment, choose the one with long term trade style. But, if you want to gain direct profits, short term trade is the answer.
Both short term trading and long term investment have their own characteristic. The short term trading done by the enthusiastic, aggressive traders is the trading that lives up the daily trading and it is very dynamic. Long term trading as a long investment strategy carefully watches the market and when they’ve been waiting for long enough, they’ll make the trading and leave the market with substantial and significant profit.
The forex trading is like the suitable short term trading style and it’s a short term investment. Currency trading is on day by day basis; therefore, it’s a suit for short term trading. However, you must also consider how much time you have each day to monitor the currency trading if you decide the short term trade style. It’s because, you have to pay attention to the market development and also make significant analysis to all data and information that you have gathered to support your trading decision. Short term trade in forex trading is scalping, however, it’s necessary to avoid losing by making a comprehensive analysis before the final decision is made. Turbulences might occur in the market and it should be carefully watched if you want to gain profit from the short term trade like in forex trading.
As for the long term trading, a much more careful analysis is needed. When we decide to enter the long trade as a part of our long term investment, we must be aware that we are looking for long term impacts. Our entry and exit in the market must be carefully managed. So many X factors could interfere in our investment. Political crisis, economic turbulences, or another X factors could occur and impact on our investment. It’s not just within days, sometimes, months or years. We don’t have to monitor the market on a daily basis, but we should always be aware on all information and prediction since it will be our consideration on entering the market or exiting the market.
Both short term trading and long term investments have their own soft spot and hard spot. It’s now up to our goals and us. For sure, you have to be sure about your needs. Since trading is not a gambling, but all about analysis, a very careful analysis, we must be well prepared when start to trade.
Euro Hit Three-Week Low Against the Dollar
8:17 AM
analysis, forex news, get money easy with trading, get profit with trading, information make money, lesson for the trading, make money with trading, tips trading, trading information
Euro Hit Three-Week Low Against the Dollar
On Thursday, the euro were at three-week low against the dollar and the bonds slightly higher as Spain’s Debt weight sparked worries of further problems for euro zone economies and maintain appetite for riskier assets.
Global stocks slipped, while energy and gold prices rose.
A poor Spanish bond auction on Wednesday added jitters the effect of the European Central Bank’s one trillion euro cheap injection in three-year funds into the banking system could be coming to an abrupt halt.
Spanish 10-year government bond results climbed as high as 5.86 percent on Thursday, which is dragging Italian rates in their behind as investors fled to the relative safety of German and U.S. debt.
Dan Dorrow, director of research at Faros Trading, in Stamford, Connecticut, said:” “The euro zone firewall set up is not quite to save Spain, it because If the ECB were the Fed right now they would be easing the quantitive or lowering rates, but the ECB still more passive.”
The euro was last drop 0.6 percent at $1.3064 against the dollar, having at three-week low level of $1.3033. and also the lowest in four weeks against the yen at 106.86 yen before back to trade at 107.58 yen,remain decline 0.7 percent..
On Thursday, the euro were at three-week low against the dollar and the bonds slightly higher as Spain’s Debt weight sparked worries of further problems for euro zone economies and maintain appetite for riskier assets.
Global stocks slipped, while energy and gold prices rose.
A poor Spanish bond auction on Wednesday added jitters the effect of the European Central Bank’s one trillion euro cheap injection in three-year funds into the banking system could be coming to an abrupt halt.
Spanish 10-year government bond results climbed as high as 5.86 percent on Thursday, which is dragging Italian rates in their behind as investors fled to the relative safety of German and U.S. debt.
Dan Dorrow, director of research at Faros Trading, in Stamford, Connecticut, said:” “The euro zone firewall set up is not quite to save Spain, it because If the ECB were the Fed right now they would be easing the quantitive or lowering rates, but the ECB still more passive.”
The euro was last drop 0.6 percent at $1.3064 against the dollar, having at three-week low level of $1.3033. and also the lowest in four weeks against the yen at 106.86 yen before back to trade at 107.58 yen,remain decline 0.7 percent..
Monday, April 2, 2012
We are pleased to welcome PipRebate’s customers to our web-site and express our appreciation of your interest in our services.
8:24 AM
analysis, forex news, get money easy with trading, get profit with trading, information make money, lesson for the trading, make money with trading, trading information
We are pleased to welcome PipRebate’s customers to our web-site and express our appreciation of your interest in our services.
We are the leading provider of forex Pip Rebates.
we are paid a pip rebate by brokerages to refer business.
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All times we are ready to help you, call, chat or email.
http://www.piprebate.com/?RefId=10009
We are the leading provider of forex Pip Rebates.
we are paid a pip rebate by brokerages to refer business.
When you open a broker account through us, we earn a commission on your trades.
PIPREBATE.com pays you a rebate direct from your broker on every trade you make, WIN OR LOSE!
We pass that pip rebate back to you which means you earn cash on a monthly basis for doing what you already are doing – trading!
we GUARANTEE Your spread do not increase!
We are always trying to have the best service and highest rebate rates in this industry for you.
All times we are ready to help you, call, chat or email.
http://www.piprebate.com/?RefId=10009
Sunday, April 1, 2012
Daily EUR/USD Fundamental Analysis for April 2, 2012
5:38 AM
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Daily EUR/USD Fundamental Analysis for April 2, 2012
By FXEmpire.com – Analysis and Recommendations:
The EUR/USD ended the week, the month and the quarter on a surprise note, closing at 1.3332 gaining strength after Euro-zone finance ministers meeting in Copenhagen agreed to temporarily boost the size of the firewall designed to contain the spread of the region’s debt crisis to 800 billion euros ($1.1 trillion) from a previously planned 500 billion euros.
International Monetary Fund Managing Director Christine Lagarde on Friday said she welcomed the decision by euro-zone finance ministers to temporarily boost the effective lending capacity of the region’s bailout funds to 700 billion euros.
Spanish government bond prices added to gains Thursday, pushing down yields, after Spain announced 27 billion euros ($36 billion) of austerity cuts in its 2012 budget.
Ending the month, the US issued several economic reports all had positive sentiment, but the USD was unable to muster strength against the euro after the Copenhagen agreement.
Greek Prime Minister Lucas Papademos on Friday said the country was working to ensure it won’t need a third bailout but said the potential need for further aid couldn’t be ruled out, news reports said. “Some form of financial assistance might be required.
France posted a 2011 budget deficit equal to 5.2% of gross domestic product, coming in under the government’s initial target of 5.7%, French President Nicolas Sarkozy reported.
Inflation in the 17-nation euro zone slowed to a 2.6% annual pace in March, down from 2.7% in February, the European Union statistical agency Eurostat released today.
In the US, consumer sentiment in March reached the highest in more than a year, as consumers grew more confident about their current economic conditions.
The University of Michigan said the final reading for the consumer-sentiment gauge in March hit 76.2 — the highest since February 2011. Last month sentiment was at 75.3.
The Chicago PMI, or Chicago business barometer by its formal name, decelerated in March but marked its fifth straight month above 60%. The PMI fell to 62.2% in March from 64.0% in February,
Americans spent money in February at the fastest pace in seven months, but a good chunk of their cash went to pay for higher energy costs and incomes rose at a much slower clip, government data showed.
Personal spending jumped 0.8% in February as personal income edged up 0.2%, the Commerce Department said.
With income growth unable to keep up, the faster pace of spending in the first two months of 2012 pushed down the personal savings rate to 3.7% in February from 4.7% at the end of 2011. That’s the lowest savings rate since August 2009.
The euro jump seems to be an overreaction by investors, and the markets should see a correction developing on Monday, pushing the euro under the 1.32 level.
Economic Events for Monday, April 2, 2012 Europe and America
08:15 CHF Retail Sales (YoY)
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
08:30 CHF SVME PMI
08:50 EUR French Manufacturing PMI
08:55 EUR German Manufacturing PMI
09:00 EUR Manufacturing PMI
09:30 GBP Manufacturing PMI
Manufacturing Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
10:00 EUR Unemployment Rate
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. The data tends to have a muted impact as there are several earlier indicators related to labor conditions in the euro zone.
15:00 USD ISM Manufacturing Index
The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) rates the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
The data is compiled from a survey of approximately 400 purchasing managers in the manufacturing industry.
On the index, a level above 50.0 indicates industry expansion, below indicates contraction.
Government Bond Auctions (this week)
Apr 03 09:30 Belgium Auctions 3 & 6M T-bills
Apr 03 09:30 UK Conventional Gilt Auction
Apr 04 08:30 Spain Bono auction
Apr 04 14:30 Sweden Details T-bill auction on Apr 11
Apr 05 08:50 France OAT auction
Apr 05 15:00 US Announces auctions
Apr 05 15:30 Italy Details BOT on Apr 11 & BTP/CCTeu on Apr 12
By FXEmpire.com – Analysis and Recommendations:
The EUR/USD ended the week, the month and the quarter on a surprise note, closing at 1.3332 gaining strength after Euro-zone finance ministers meeting in Copenhagen agreed to temporarily boost the size of the firewall designed to contain the spread of the region’s debt crisis to 800 billion euros ($1.1 trillion) from a previously planned 500 billion euros.
International Monetary Fund Managing Director Christine Lagarde on Friday said she welcomed the decision by euro-zone finance ministers to temporarily boost the effective lending capacity of the region’s bailout funds to 700 billion euros.
Spanish government bond prices added to gains Thursday, pushing down yields, after Spain announced 27 billion euros ($36 billion) of austerity cuts in its 2012 budget.
Ending the month, the US issued several economic reports all had positive sentiment, but the USD was unable to muster strength against the euro after the Copenhagen agreement.
Greek Prime Minister Lucas Papademos on Friday said the country was working to ensure it won’t need a third bailout but said the potential need for further aid couldn’t be ruled out, news reports said. “Some form of financial assistance might be required.
France posted a 2011 budget deficit equal to 5.2% of gross domestic product, coming in under the government’s initial target of 5.7%, French President Nicolas Sarkozy reported.
Inflation in the 17-nation euro zone slowed to a 2.6% annual pace in March, down from 2.7% in February, the European Union statistical agency Eurostat released today.
In the US, consumer sentiment in March reached the highest in more than a year, as consumers grew more confident about their current economic conditions.
The University of Michigan said the final reading for the consumer-sentiment gauge in March hit 76.2 — the highest since February 2011. Last month sentiment was at 75.3.
The Chicago PMI, or Chicago business barometer by its formal name, decelerated in March but marked its fifth straight month above 60%. The PMI fell to 62.2% in March from 64.0% in February,
Americans spent money in February at the fastest pace in seven months, but a good chunk of their cash went to pay for higher energy costs and incomes rose at a much slower clip, government data showed.
Personal spending jumped 0.8% in February as personal income edged up 0.2%, the Commerce Department said.
With income growth unable to keep up, the faster pace of spending in the first two months of 2012 pushed down the personal savings rate to 3.7% in February from 4.7% at the end of 2011. That’s the lowest savings rate since August 2009.
The euro jump seems to be an overreaction by investors, and the markets should see a correction developing on Monday, pushing the euro under the 1.32 level.
Economic Events for Monday, April 2, 2012 Europe and America
08:15 CHF Retail Sales (YoY)
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
08:30 CHF SVME PMI
08:50 EUR French Manufacturing PMI
08:55 EUR German Manufacturing PMI
09:00 EUR Manufacturing PMI
09:30 GBP Manufacturing PMI
Manufacturing Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
10:00 EUR Unemployment Rate
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. The data tends to have a muted impact as there are several earlier indicators related to labor conditions in the euro zone.
15:00 USD ISM Manufacturing Index
The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) rates the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
The data is compiled from a survey of approximately 400 purchasing managers in the manufacturing industry.
On the index, a level above 50.0 indicates industry expansion, below indicates contraction.
Government Bond Auctions (this week)
Apr 03 09:30 Belgium Auctions 3 & 6M T-bills
Apr 03 09:30 UK Conventional Gilt Auction
Apr 04 08:30 Spain Bono auction
Apr 04 14:30 Sweden Details T-bill auction on Apr 11
Apr 05 08:50 France OAT auction
Apr 05 15:00 US Announces auctions
Apr 05 15:30 Italy Details BOT on Apr 11 & BTP/CCTeu on Apr 12
Forex Outlook for April 2, 2012
5:37 AM
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Forex Outlook for April 2, 2012
This is a list of the major events (News) for Monday – April 2, 2012 that will move the markets around the globe.
All times are given in GMT.
Monday – 04/02/2012
* AUD – Building Approvals m/m : at 2:30am
It’s an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect – for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.
Previous 0.9%, Forecast 0.6%
* GBP – Halifax HPI m/m : 2nd-7th
It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity.
Previous -0.5%, Forecast -0.3%
* CHF – Retail Sales y/y : at 8:15am
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Previous 4.4%, Forecast 3.2%
* GBP – Manufacturing PMI : at 9:30am
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.
Previous 51.2, Forecast 50.5
* USD – ISM Manufacturing PMI : at 3:00pm
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.
Previous 52.4, Forecast 53.3
This is a list of the major events (News) for Monday – April 2, 2012 that will move the markets around the globe.
All times are given in GMT.
Monday – 04/02/2012
* AUD – Building Approvals m/m : at 2:30am
It’s an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect – for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.
Previous 0.9%, Forecast 0.6%
* GBP – Halifax HPI m/m : 2nd-7th
It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity.
Previous -0.5%, Forecast -0.3%
* CHF – Retail Sales y/y : at 8:15am
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Previous 4.4%, Forecast 3.2%
* GBP – Manufacturing PMI : at 9:30am
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.
Previous 51.2, Forecast 50.5
* USD – ISM Manufacturing PMI : at 3:00pm
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.
Previous 52.4, Forecast 53.3
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