Everything leads up to Friday’s jobs report for May. Traders hope to see improvement from last month’s meager gains. However, before Friday, a slew of reports covering the consumer are posted, including ADP employment, confidence, income, personal spending, and motor vehicle sales. Housing updates include pending home sales and Case-Shiller home prices. For updates on manufacturing, the ISM, Markit final PMI, and Kansas City surveys will be released.
Sunday, 27 May 2012
Sunday, 20 May 2012
Looking Ahead: May 21 through May 25, 2012
Posted on 19:32 by Unknown
Stocks swooned last week as risk aversion took hold and sent investors scurrying for safe havens. Economic data were mixed globally. The Bank of Japan meets this week — no policy change is anticipated. Further detail will be available on Eurozone growth statistics as well as flash manufacturing and services PMI indexes for May are on tap. Investors will continue to monitor conditions in Greece, Spain and the other ‘peripheral’ members of the Eurozone. Housing is this week’s focus, starting with existing home sales on Tuesday and new home sales and FHFA at mid-week. Manufacturing updates post with Richmond Fed on Tuesday and then the key durables orders report Thursday along with the Kansas City Fed survey. The week closes with Friday’s consumer sentiment report.
Reasons Why Pro Forex Traders Make Money
Posted on 11:56 by Unknown
Most traders who can’t seem to make any consistent money in the markets already know what they need to do to become successful, but they don’t make proper use of this knowledge. All traders have the motivation to make money in the markets, but most are focusing that motivation on the wrong things. If I can boil down the primary differences between professional traders and amateurs, I would say this; pro traders are motivated by the long-term outcome of their interactions with the markets, whereas amateur traders are motivated by the short-term outcomes. Once you learn that you can only make consistent money in the markets by dropping the impulsive desire to “make money now”, you will cross the threshold into thinking and trading like a professional, and eventually you will become one.
Saturday, 19 May 2012
Sunday, 13 May 2012
Looking Ahead: May 14 through May 18, 2012
Posted on 22:09 by Unknown
The crowded calendar focuses on the goods-producing and consumer sectors. April retail sales post Tuesday. Factory activity is updated with Empire State (Tuesday), industrial production (Wednesday), and Philly Fed (Thursday). Housing starts also are released Wednesday along with the Fed’s FOMC minutes later that afternoon.
Thursday, 10 May 2012
Monday, 7 May 2012
Looking Ahead: Week of May 7 through 11
Posted on 01:13 by Unknown
The calendar is relatively light but still with key updates. Consumer credit posts Monday—updating consumer willingness to spend. Traders will be watching Thursday's international trade report to see if exports have been dented by a sluggish Europe. The week closes with PPI and consumer sentiment.
Saturday, 5 May 2012
How to become from good to Great!
Posted on 01:06 by Unknown
Learning to anticipate a change in market direction is key if you want to prevent losses. During deceptive markets we should try to avoid trading or use smaller position size. For example side ways markets are typically very difficult to trade because of the choppiness. A trending market allows more follow through and therefore allows more movement. Swing trading should be used only when markets are trending very well. Day trading is best used to take smaller quick gains because the market gyrates and stops us out. Here is a video I found that is worth listening too. Enjoy1!
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